Beck Mack & Oliver LLC reduced its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 0.7% in the 4th quarter, HoldingsChannel reports. The fund owned 78,375 shares of the company’s stock after selling 539 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Kimberly Clark were worth $9,457,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in KMB. Beach Investment Management LLC. acquired a new position in shares of Kimberly Clark during the 2nd quarter worth about $2,440,000. Canada Pension Plan Investment Board boosted its position in shares of Kimberly Clark by 57.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 835,213 shares of the company’s stock valued at $107,834,000 after purchasing an additional 303,576 shares during the period. Wetherby Asset Management Inc. boosted its position in shares of Kimberly Clark by 2.2% in the 2nd quarter. Wetherby Asset Management Inc. now owns 8,092 shares of the company’s stock valued at $1,044,000 after purchasing an additional 172 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Kimberly Clark by 2.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,755,803 shares of the company’s stock valued at $226,692,000 after purchasing an additional 43,180 shares during the period. Finally, Stearns Financial Services Group boosted its position in shares of Kimberly Clark by 1.1% in the 2nd quarter. Stearns Financial Services Group now owns 5,717 shares of the company’s stock valued at $738,000 after purchasing an additional 60 shares during the period. 71.82% of the stock is owned by institutional investors and hedge funds.
Shares of Kimberly Clark Corp (KMB) opened at $112.36 on Thursday. The company has a debt-to-equity ratio of 7.34, a quick ratio of 0.58 and a current ratio of 0.89. The company has a market capitalization of $39,520.00, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 2.03 and a beta of 0.66. Kimberly Clark Corp has a one year low of $109.67 and a one year high of $136.21.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 annualized dividend and a yield of 3.56%. Kimberly Clark’s dividend payout ratio is currently 60.63%.
A number of analysts recently issued reports on KMB shares. Barclays reissued a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Royal Bank of Canada reissued a “hold” rating and issued a $121.00 target price on shares of Kimberly Clark in a research report on Friday, October 13th. Zacks Investment Research cut Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. cut Kimberly Clark from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $115.55 to $100.00 in a research report on Friday, October 20th. Finally, Citigroup set a $112.00 target price on Kimberly Clark and gave the company a “sell” rating in a research report on Wednesday, January 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 company. The company has an average rating of “Hold” and a consensus price target of $126.44.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the sale, the insider now directly owns 31,141 shares of the company’s stock, valued at approximately $3,729,757.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is owned by corporate insiders.
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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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