Foresight Capital Management Advisors Inc. grew its holdings in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 29.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,869 shares of the company’s stock after acquiring an additional 6,414 shares during the period. Foresight Capital Management Advisors Inc.’s holdings in Kimberly-Clark were worth $3,059,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Ally Financial Inc. purchased a new position in Kimberly-Clark in the 4th quarter worth approximately $1,009,000. Westpac Banking Corp raised its stake in shares of Kimberly-Clark by 25.0% during the fourth quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock valued at $5,462,000 after purchasing an additional 10,811 shares during the period. Oddo BHF Asset Management Sas raised its stake in shares of Kimberly-Clark by 29.6% during the fourth quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock valued at $6,234,000 after purchasing an additional 14,115 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Kimberly-Clark by 50.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after purchasing an additional 2,628,206 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Kimberly-Clark during the fourth quarter worth $1,047,000. 76.29% of the stock is owned by hedge funds and other institutional investors.
Kimberly-Clark Stock Up 0.9%
KMB stock opened at $109.68 on Friday. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $137.29. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 3.45. The company has a market capitalization of $36.48 billion, a P/E ratio of 18.65, a PEG ratio of 4.84 and a beta of 0.26. The firm has a 50 day simple moving average of $106.84 and a 200-day simple moving average of $102.84.
Kimberly-Clark Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a $1.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark’s payout ratio is presently 87.07%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on KMB shares. Bank of America lowered their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. TD Cowen boosted their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research report on Tuesday. Wells Fargo & Company raised their target price on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $117.93.
Read Our Latest Stock Analysis on KMB
About Kimberly-Clark
Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.
Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.
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