Knights of Columbus Asset Advisors LLC purchased a new stake in Kimberly Clark Corp (NYSE:KMB) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,250 shares of the company’s stock, valued at approximately $971,000.
A number of other large investors also recently made changes to their positions in KMB. Heritage Trust Co increased its position in shares of Kimberly Clark by 11.2% during the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after purchasing an additional 100 shares in the last quarter. Sterling Investment Advisors Ltd. increased its position in shares of Kimberly Clark by 63.8% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares in the last quarter. Armbruster Capital Management Inc. increased its position in shares of Kimberly Clark by 15.9% during the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after purchasing an additional 143 shares in the last quarter. Mosaic Family Wealth LLC increased its position in shares of Kimberly Clark by 0.5% during the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after purchasing an additional 6 shares in the last quarter. Finally, MPS Loria Financial Planners LLC purchased a new stake in shares of Kimberly Clark during the second quarter worth approximately $150,000. 71.47% of the stock is owned by institutional investors.
Kimberly Clark Corp (NYSE:KMB) opened at $118.17 on Friday. Kimberly Clark Corp has a 12 month low of $109.67 and a 12 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 stock has a market capitalization of $41,570.00, a PE ratio of 19.50, a P/E/G ratio of 2.91 and a beta of 0.75.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 8th were paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, December 7th. Kimberly Clark’s payout ratio is 64.03%.
Several analysts recently commented on the company. Zacks Investment Research cut Kimberly Clark from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Bank of America dropped their price target on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Barclays restated a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Citigroup restated a “hold” rating and issued a $125.00 target price (down from $131.00) on shares of Kimberly Clark in a report on Tuesday, October 24th. Finally, Wells Fargo & Co dropped their target price on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating for the company in a report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $126.00.
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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