Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Kimberly Clark Corp (NYSE:KMB) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,445 shares of the company’s stock after purchasing an additional 1,986 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Kimberly Clark were worth $6,995,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of KMB. Matrix Asset Advisors Inc. NY lifted its holdings in shares of Kimberly Clark by 4.9% in the first quarter. Matrix Asset Advisors Inc. NY now owns 52,377 shares of the company’s stock valued at $6,894,000 after purchasing an additional 2,463 shares in the last quarter. Tredje AP fonden lifted its holdings in shares of Kimberly Clark by 14.5% in the first quarter. Tredje AP fonden now owns 54,857 shares of the company’s stock valued at $7,274,000 after purchasing an additional 6,933 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in Kimberly Clark by 0.8% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 90,879 shares of the company’s stock worth $11,962,000 after acquiring an additional 700 shares during the period. Steinberg Global Asset Management lifted its holdings in Kimberly Clark by 131.3% during the first quarter. Steinberg Global Asset Management now owns 6,129 shares of the company’s stock worth $807,000 after acquiring an additional 3,479 shares during the period. Finally, Cadence Capital Management LLC lifted its holdings in Kimberly Clark by 0.4% during the first quarter. Cadence Capital Management LLC now owns 51,494 shares of the company’s stock worth $6,778,000 after acquiring an additional 196 shares during the period. Institutional investors own 71.47% of the company’s stock.
Shares of Kimberly Clark Corp (KMB) opened at $120.66 on Friday. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. Kimberly Clark Corp has a 52-week low of $109.67 and a 52-week high of $136.21. The stock has a market capitalization of $42,309.37, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 3.13 and a beta of 0.76.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, December 7th. Kimberly Clark’s dividend payout ratio is currently 64.03%.
KMB has been the topic of a number of recent analyst reports. Societe Generale upgraded Kimberly Clark from a “hold” rating to a “buy” rating and lifted their price target for the stock from $112.05 to $144.00 in a report on Thursday, November 2nd. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Royal Bank of Canada reiterated a “hold” rating and set a $121.00 price target on shares of Kimberly Clark in a report on Friday, September 8th. Finally, Jefferies Group reiterated a “hold” rating and set a $119.00 price target on shares of Kimberly Clark in a report on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $126.00.
Kimberly Clark Profile
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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