Neuberger Berman Group LLC lessened its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 5.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 367,204 shares of the company’s stock after selling 19,611 shares during the period. Neuberger Berman Group LLC’s holdings in Kimberly Clark were worth $43,213,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. San Francisco Sentry Investment Group CA raised its stake in Kimberly Clark by 2,385.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock worth $117,000 after buying an additional 954 shares in the last quarter. Heritage Trust Co raised its stake in Kimberly Clark by 11.2% in the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after buying an additional 100 shares in the last quarter. Armbruster Capital Management Inc. raised its stake in Kimberly Clark by 15.9% in 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 in the last quarter. Mosaic Family Wealth LLC raised its stake in Kimberly Clark by 0.5% in 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 in the last quarter. Finally, Acrospire Investment Management LLC raised its stake in Kimberly Clark by 33.3% in 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 in the last quarter. 71.46% of the stock is owned by hedge funds and other institutional investors.
Kimberly Clark Corp (NYSE:KMB) opened at $114.26 on Wednesday. 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 1-year low of $109.67 and a 1-year high of $136.21. The stock has a market cap of $39,741.54, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 2.77 and a beta of 0.75.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Thursday, December 7th. Kimberly Clark’s dividend payout ratio is currently 64.03%.
A number of equities analysts recently commented on KMB shares. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Royal Bank of Canada reissued a “hold” rating and issued a $121.00 price objective on shares of Kimberly Clark in a research note on Friday, October 13th. JPMorgan Chase & Co. downgraded shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $115.55 to $100.00 in a research note on Friday, October 20th. Citigroup reissued a “hold” rating and issued a $125.00 price objective (down previously from $131.00) on shares of Kimberly Clark in a research note on Tuesday, October 24th. Finally, Wells Fargo & Co reduced their price objective on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating for the company in a research note on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $126.50.
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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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