Sarasin & Partners LLP lessened its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 40.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 455,403 shares of the company’s stock after selling 306,957 shares during the period. Sarasin & Partners LLP’s holdings in Kimberly Clark were worth $53,592,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Heritage Trust Co boosted its stake in shares of Kimberly Clark by 11.2% during the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after acquiring an additional 100 shares during the last quarter. Armbruster Capital Management Inc. lifted its position in 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 buying an additional 143 shares during the period. Mosaic Family Wealth LLC lifted its position in 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 buying an additional 6 shares during the period. MPS Loria Financial Planners LLC purchased a new position in Kimberly Clark during the second quarter worth about $150,000. Finally, Acrospire Investment Management LLC lifted its position in Kimberly Clark by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $155,000 after buying an additional 300 shares during the period. 71.47% of the stock is currently owned by hedge funds and other institutional investors.
Kimberly Clark Corp (NYSE:KMB) opened at $116.80 on Wednesday. The company has a market capitalization of $41,090.00, a PE ratio of 19.27, a PEG ratio of 2.93 and a beta of 0.75. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. Kimberly Clark Corp has a twelve month low of $109.67 and a twelve month high of $136.21.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were paid a $0.97 dividend. The ex-dividend date was Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.32%. Kimberly Clark’s dividend payout ratio (DPR) is currently 64.03%.
Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Bank of America cut their price objective on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Citigroup downgraded Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective on the stock. in a report on Monday, December 11th. Deutsche Bank initiated coverage on Kimberly Clark in a report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective on the stock. Finally, Wells Fargo & Co cut their price objective on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $126.00.
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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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