Mountain Capital Investment Advisors Inc trimmed its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,219 shares of the company’s stock after selling 1,109 shares during the quarter. Mountain Capital Investment Advisors Inc’s holdings in Kimberly-Clark were worth $818,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in KMB. PNC Financial Services Group Inc. boosted its position in Kimberly-Clark by 5.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,194,089 shares of the company’s stock worth $168,786,000 after purchasing an additional 56,430 shares during the period. FMR LLC boosted its position in Kimberly-Clark by 16.3% during the second quarter. FMR LLC now owns 1,784,946 shares of the company’s stock worth $252,303,000 after purchasing an additional 250,207 shares during the period. Engineers Gate Manager LP boosted its position in Kimberly-Clark by 26.8% during the second quarter. Engineers Gate Manager LP now owns 10,898 shares of the company’s stock worth $1,540,000 after purchasing an additional 2,305 shares during the period. FormulaFolio Investments LLC bought a new position in Kimberly-Clark during the second quarter worth $205,000. Finally, Orion Portfolio Solutions LLC boosted its position in Kimberly-Clark by 6.2% during the second quarter. Orion Portfolio Solutions LLC now owns 2,404 shares of the company’s stock worth $340,000 after purchasing an additional 141 shares during the period. 65.21% of the stock is owned by hedge funds and other institutional investors.
KMB stock opened at $131.67 on Thursday. The company has a market cap of $44.79 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 3.29 and a beta of 0.49. The business has a 50-day simple moving average of $135.43 and a 200 day simple moving average of $144.16. Kimberly-Clark Co. has a 52 week low of $110.66 and a 52 week high of $160.16. The company has a quick ratio of 0.70, a current ratio of 1.00 and a debt-to-equity ratio of 13.61.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 5th. Shareholders of record on Friday, December 4th were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.25%. The ex-dividend date was Thursday, December 3rd. Kimberly-Clark’s payout ratio is 62.12%.
A number of equities research analysts have recently weighed in on the company. Morgan Stanley dropped their target price on Kimberly-Clark from $160.00 to $146.00 and set an “equal weight” rating for the company in a report on Friday, October 23rd. Wells Fargo & Company assumed coverage on Kimberly-Clark in a report on Monday, December 7th. They set an “underweight” rating and a $130.00 target price for the company. JPMorgan Chase & Co. downgraded Kimberly-Clark from an “overweight” rating to a “neutral” rating and set a $163.00 target price for the company. in a report on Friday, October 16th. They noted that the move was a valuation call. Jefferies Financial Group lifted their target price on Kimberly-Clark from $181.00 to $187.00 and gave the stock a “buy” rating in a report on Thursday, October 15th. Finally, Berenberg Bank assumed coverage on Kimberly-Clark in a report on Friday, October 16th. They set a “buy” rating and a $181.00 target price for the company. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $155.89.
In other Kimberly-Clark news, Director Robert W. Decherd bought 3,000 shares of the stock in a transaction on Thursday, October 29th. The stock was purchased at an average price of $132.67 per share, with a total value of $398,010.00. Following the completion of the purchase, the director now owns 48,444 shares in the company, valued at $6,427,065.48. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.72% of the stock is currently owned by insiders.
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue 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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