Blue Chip Partners Inc. raised its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 9.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,733 shares of the company’s stock after acquiring an additional 1,047 shares during the period. Blue Chip Partners Inc.’s holdings in Kimberly Clark were worth $1,498,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in KMB. Vanguard Group Inc. raised its stake in shares of Kimberly Clark by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after buying an additional 537,794 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Kimberly Clark by 46.6% in the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after buying an additional 3,191,549 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Kimberly Clark by 3.3% in the 2nd quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock worth $731,643,000 after buying an additional 181,517 shares in the last quarter. Federated Investors Inc. PA raised its stake in shares of Kimberly Clark by 1.7% in the 2nd quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock worth $421,692,000 after buying an additional 55,108 shares in the last quarter. Finally, APG Asset Management N.V. raised its stake in shares of Kimberly Clark by 35.9% in the 3rd quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock worth $322,672,000 after buying an additional 723,800 shares in the last quarter. 71.47% of the stock is currently owned by hedge funds and other institutional investors.
Kimberly Clark Corp (NYSE:KMB) opened at $120.66 on Friday. Kimberly Clark Corp has a twelve month low of $109.67 and a twelve month high of $136.21. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. The firm has a market capitalization of $42,620.00, a price-to-earnings ratio of 19.91, a PEG ratio of 3.17 and a beta of 0.76.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be issued a dividend of $0.97 per share. The ex-dividend date is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.22%. Kimberly Clark’s dividend payout ratio is 64.03%.
A number of equities research analysts have recently issued reports on KMB shares. Deutsche Bank started coverage on Kimberly Clark in a research report on Wednesday, December 13th. They set a “hold” rating and a $121.00 target price on the stock. Citigroup lowered Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a research report on Monday, December 11th. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Societe Generale raised Kimberly Clark from a “hold” rating to a “buy” rating and boosted their target price for the stock from $112.05 to $144.00 in a research report on Thursday, November 2nd. Finally, Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $126.00.
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About Kimberly Clark
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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