Buckingham Capital Management Inc. lessened its holdings in Kimberly Clark Corp (NYSE:KMB) by 2.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,440 shares of the company’s stock after selling 342 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Kimberly Clark were worth $1,665,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Horan Capital Advisors LLC. purchased a new stake in shares of Kimberly Clark during the first quarter valued at approximately $25,000. Phocas Financial Corp. purchased a new stake in shares of Kimberly Clark during the fourth quarter valued at approximately $28,000. Proficio Capital Partners LLC grew its holdings in shares of Kimberly Clark by 76.9% during the fourth quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock valued at $29,000 after buying an additional 110 shares during the last quarter. First Mercantile Trust Co. grew its holdings in shares of Kimberly Clark by 154.5% during the fourth quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock valued at $32,000 after buying an additional 170 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Kimberly Clark during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 73.73% of the company’s stock.
Shares of KMB stock opened at $130.63 on Friday. Kimberly Clark Corp has a 12-month low of $99.36 and a 12-month high of $132.47. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.47 and a current ratio of 0.73. The company has a market capitalization of $44.91 billion, a P/E ratio of 19.76, a P/E/G ratio of 3.79 and a beta of 0.61.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a $1.03 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $4.12 annualized dividend and a yield of 3.15%. Kimberly Clark’s payout ratio is presently 62.33%.
In other Kimberly Clark news, insider Thomas J. Falk sold 303,578 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $125.66, for a total value of $38,147,611.48. Following the transaction, the insider now directly owns 83,717 shares in the company, valued at $10,519,878.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffrey P. Melucci sold 7,903 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $130.17, for a total transaction of $1,028,733.51. Following the completion of the transaction, the senior vice president now owns 15,297 shares in the company, valued at $1,991,210.49. The disclosure for this sale can be found here. Insiders sold 446,313 shares of company stock worth $56,436,155 over the last quarter. Insiders own 0.85% of the company’s stock.
Several brokerages recently issued reports on KMB. Zacks Investment Research upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a report on Thursday, April 25th. Citigroup raised their target price on shares of Kimberly Clark from $102.00 to $116.00 and gave the stock a “sell” rating in a report on Tuesday, April 23rd. BNP Paribas began coverage on shares of Kimberly Clark in a report on Monday, February 11th. They issued an “outperform” rating and a $130.00 target price on the stock. Exane BNP Paribas began coverage on shares of Kimberly Clark in a report on Tuesday, February 12th. They issued an “outperform” rating and a $130.00 target price on the stock. Finally, ValuEngine upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $120.24.
Kimberly Clark Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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