Toth Financial Advisory Corp decreased its position in Kimberly Clark Corp (NYSE:KMB) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,591 shares of the company’s stock after selling 524 shares during the quarter. Toth Financial Advisory Corp’s holdings in Kimberly Clark were worth $3,144,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Moody National Bank Trust Division purchased a new position in shares of Kimberly Clark during the fourth quarter valued at about $27,000. Meeder Asset Management Inc. purchased a new stake in Kimberly Clark in the fourth quarter worth about $33,000. IMS Capital Management purchased a new stake in Kimberly Clark in the third quarter worth about $44,000. Exchange Capital Management Inc. grew its holdings in Kimberly Clark by 800.0% in the third quarter. Exchange Capital Management Inc. now owns 900 shares of the company’s stock worth $102,000 after purchasing an additional 800 shares during the period. Finally, Arlington Partners LLC bought a new position in shares of Kimberly Clark in the third quarter worth approximately $114,000. Hedge funds and other institutional investors own 73.58% of the company’s stock.
Shares of Kimberly Clark stock opened at $116.09 on Thursday. The company has a market cap of $39.97 billion, a P/E ratio of 17.56, a P/E/G ratio of 3.20 and a beta of 0.57. Kimberly Clark Corp has a twelve month low of $97.10 and a twelve month high of $120.48. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th will be given a $1.03 dividend. The ex-dividend date is Thursday, March 7th. This is an increase from Kimberly Clark’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 3.55%. Kimberly Clark’s dividend payout ratio (DPR) is presently 60.51%.
In other Kimberly Clark news, insider Anthony J. Palmer sold 6,122 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Michael T. Azbell sold 13,565 shares of the stock in a transaction that occurred on Tuesday, November 27th. The stock was 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 owns 6,432 shares in the company, valued at $739,680. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by company insiders.
KMB has been the topic of several analyst reports. Barclays reiterated a “hold” rating and issued a $109.00 target price on shares of Kimberly Clark in a research note on Friday, January 25th. Morgan Stanley upgraded shares of Kimberly Clark from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $107.00 to $113.00 in a research note on Thursday, January 24th. Zacks Investment Research downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. JPMorgan Chase & Co. upgraded shares of Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 target price on the stock in a research note on Friday, January 18th. Finally, ValuEngine downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. Kimberly Clark currently has an average rating of “Hold” and a consensus target price of $113.19.
Kimberly Clark Company 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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