Pacer Advisors Inc. grew its stake in Kimberly Clark Corp (NYSE:KMB) by 14.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,730 shares of the company’s stock after buying an additional 5,011 shares during the period. Pacer Advisors Inc.’s holdings in Kimberly Clark were worth $5,786,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. American Century Companies Inc. grew its holdings in Kimberly Clark by 119.3% during the first quarter. American Century Companies Inc. now owns 2,471,772 shares of the company’s stock valued at $306,253,000 after purchasing an additional 1,344,424 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Kimberly Clark by 6,220.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,280,245 shares of the company’s stock worth $170,632,000 after acquiring an additional 1,259,990 shares during the period. Thoroughbred Financial Services LLC boosted its position in shares of Kimberly Clark by 13,250.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,072,430 shares of the company’s stock worth $107,243,000 after purchasing an additional 1,064,397 shares in the last quarter. APG Asset Management N.V. lifted its position in Kimberly Clark by 51.9% in the 2nd quarter. APG Asset Management N.V. now owns 2,395,212 shares of the company’s stock valued at $280,325,000 after acquiring an additional 818,574 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Kimberly Clark by 82.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,778,692 shares of the company’s stock valued at $237,064,000 after acquiring an additional 803,121 shares in the last quarter. 71.86% of the stock is owned by institutional investors and hedge funds.
KMB stock traded down $0.07 during midday trading on Friday, reaching $137.82. The stock had a trading volume of 17,508 shares, compared to its average volume of 1,744,401. The business has a fifty day simple moving average of $138.33 and a two-hundred day simple moving average of $133.23. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 134.02. The firm has a market cap of $47.45 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 3.75 and a beta of 0.55. Kimberly Clark Corp has a twelve month low of $100.32 and a twelve month high of $143.50.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Thursday, September 5th. Kimberly Clark’s dividend payout ratio (DPR) is 62.33%.
In other Kimberly Clark news, insider Aaron Powell sold 3,964 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $137.95, for a total value of $546,833.80. Following the transaction, the insider now directly owns 5,780 shares of the company’s stock, valued at approximately $797,351. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jeffrey P. Melucci sold 26,839 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $141.17, for a total value of $3,788,861.63. Following the completion of the transaction, the senior vice president now directly owns 17,304 shares in the company, valued at $2,442,805.68. The disclosure for this sale can be found here. Insiders have sold a total of 44,584 shares of company stock worth $6,242,483 in the last ninety days. Insiders own 0.85% of the company’s stock.
A number of brokerages have issued reports on KMB. Deutsche Bank increased their price target on Kimberly Clark from $113.00 to $122.00 and gave the stock a “sell” rating in a research note on Monday, June 17th. Barclays upgraded shares of Kimberly Clark from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $144.00 to $152.00 in a research note on Monday, September 23rd. Wells Fargo & Co restated a “hold” rating and set a $130.00 target price on shares of Kimberly Clark in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of Kimberly Clark from $151.00 to $152.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley upped their price objective on shares of Kimberly Clark from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $136.77.
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.
See Also: Limitations of the P/E Growth ratio
Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.