LMR Partners LLP cut its position in shares of Kimberly Clark Corp (NYSE:KMB) by 62.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,194 shares of the company’s stock after selling 7,097 shares during the period. LMR Partners LLP’s holdings in Kimberly Clark were worth $478,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Semmax Financial Advisors Inc. purchased a new position in Kimberly Clark during the fourth quarter worth about $650,000. Abundance Wealth Counselors acquired a new stake in shares of Kimberly Clark during the fourth quarter valued at about $961,000. Thoroughbred Financial Services LLC acquired a new stake in shares of Kimberly Clark during the fourth quarter valued at about $905,000. Geode Capital Management LLC increased its position in shares of Kimberly Clark by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 4,135,213 shares of the company’s stock valued at $470,390,000 after acquiring an additional 308,810 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Kimberly Clark by 12.8% during the fourth quarter. Captrust Financial Advisors now owns 21,239 shares of the company’s stock valued at $2,439,000 after acquiring an additional 2,418 shares during the last quarter. 72.46% of the stock is currently owned by institutional investors.
Shares of KMB stock opened at $120.19 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 51.24. The company has a market capitalization of $41.36 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 3.26 and a beta of 0.59. Kimberly Clark Corp has a fifty-two week low of $97.10 and a fifty-two week high of $120.48.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be issued a $1.03 dividend. The ex-dividend date is Thursday, March 7th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.43%. This is a boost from Kimberly Clark’s previous quarterly dividend of $1.00. Kimberly Clark’s payout ratio is 62.33%.
A number of equities research analysts have weighed in on KMB shares. JPMorgan Chase & Co. upgraded shares of Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 price target for the company in a research report on Friday, January 18th. Morgan Stanley upgraded shares of Kimberly Clark from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $107.00 to $113.00 in a research report on Thursday, January 24th. ValuEngine cut shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. 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. Finally, Exane BNP Paribas started coverage on shares of Kimberly Clark in a research report on Tuesday, February 12th. They set an “outperform” rating and a $130.00 price target for the company. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $113.19.
In related 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.64% of the company’s stock.
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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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