Covington Capital Management lessened its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,919 shares of the company’s stock after selling 25 shares during the quarter. Covington Capital Management’s holdings in Kimberly-Clark were worth $506,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Capital Research Global Investors boosted its holdings in shares of Kimberly-Clark by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after purchasing an additional 3,191,549 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Kimberly-Clark by 5,178.3% during the second quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock worth $319,676,000 after purchasing an additional 2,429,085 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Kimberly-Clark by 305.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock worth $259,496,000 after purchasing an additional 1,514,722 shares during the last quarter. APG Asset Management N.V. boosted its holdings in shares of Kimberly-Clark by 85.3% during the second quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock worth $260,563,000 after purchasing an additional 929,300 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Kimberly-Clark by 83.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,417,728 shares of the company’s stock worth $183,043,000 after buying an additional 645,881 shares during the period. Hedge funds and other institutional investors own 71.61% of the company’s stock.
Kimberly-Clark Corporation (NYSE:KMB) traded down $0.67 during trading hours on Tuesday, reaching $122.44. The company’s stock had a trading volume of 416,664 shares, compared to its average volume of 1,815,485. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. The stock has a market capitalization of $43,300.00, a price-to-earnings ratio of 19.72, a PEG ratio of 3.13 and a beta of 0.76. Kimberly-Clark Corporation has a one year low of $109.67 and a one year high of $136.21.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.97 per share. The ex-dividend date is Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.17%. Kimberly-Clark’s dividend payout ratio is presently 64.03%.
Several research analysts recently weighed in on KMB shares. Bank of America cut their target price on Kimberly-Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 24th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $121.00 target price on shares of Kimberly-Clark in a research report on Friday, October 13th. Zacks Investment Research raised Kimberly-Clark from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. J P Morgan Chase & Co lowered Kimberly-Clark from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $115.55 to $100.00 in a research report on Friday, October 20th. Finally, Citigroup cut their target price on Kimberly-Clark from $125.00 to $124.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $127.14.
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Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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