Tompkins Financial Corp raised its stake in Kimberly Clark Corp (NYSE:KMB) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,045 shares of the company’s stock after acquiring an additional 211 shares during the quarter. Tompkins Financial Corp’s holdings in Kimberly Clark were worth $2,853,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of KMB. LSV Asset Management increased its position in Kimberly Clark by 293.0% in the 3rd quarter. LSV Asset Management now owns 2,413,025 shares of the company’s stock valued at $274,216,000 after acquiring an additional 1,798,953 shares in the last quarter. Morgan Stanley increased its position in Kimberly Clark by 50.8% in the 3rd quarter. Morgan Stanley now owns 4,738,469 shares of the company’s stock valued at $538,482,000 after acquiring an additional 1,595,818 shares in the last quarter. Capital World Investors acquired a new stake in Kimberly Clark in the 3rd quarter valued at about $136,368,000. Beutel Goodman & Co Ltd. acquired a new stake in Kimberly Clark in the 3rd quarter valued at about $65,232,000. Finally, FMR LLC increased its position in Kimberly Clark by 20.1% in the 3rd quarter. FMR LLC now owns 3,826,865 shares of the company’s stock valued at $434,885,000 after acquiring an additional 640,719 shares in the last quarter. Hedge funds and other institutional investors own 73.58% of the company’s stock.
Kimberly Clark stock opened at $116.09 on Thursday. Kimberly Clark Corp has a fifty-two week low of $97.10 and a fifty-two week high of $120.48. The company has a market cap of $39.97 billion, a P/E ratio of 17.56, a PEG ratio of 3.20 and a beta of 0.57. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.49 and a current ratio of 0.77.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $4.12 dividend on an annualized basis and a yield of 3.55%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $1.00. Kimberly Clark’s payout ratio is presently 60.51%.
In other Kimberly Clark news, insider Anthony J. Palmer sold 6,122 shares of Kimberly Clark stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $115.11, for a total value of $704,703.42. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Michael T. Azbell sold 13,565 shares of Kimberly Clark stock in a transaction that occurred on Tuesday, November 27th. The shares were sold at an average price of $115.00, for a total transaction of $1,559,975.00. Following the completion of the transaction, the vice president now directly owns 6,432 shares in the company, valued at approximately $739,680. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.
KMB has been the subject of several analyst reports. ValuEngine upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Morgan Stanley upgraded shares of Kimberly Clark from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $107.00 to $113.00 in a research report on Thursday, January 24th. Wells Fargo & Co reiterated a “hold” rating and set a $105.00 price target on shares of Kimberly Clark in a research report on Wednesday, January 23rd. Barclays reiterated a “hold” rating and set a $109.00 price target on shares of Kimberly Clark in a research report on Friday, January 25th. Finally, Zacks Investment Research cut shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $113.19.
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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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