Manning & Napier Advisors LLC bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,263 shares of the company’s stock, valued at approximately $688,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the 2nd quarter valued at $27,000. Godfrey Financial Associates Inc. acquired a new position in Kimberly-Clark in the 4th quarter valued at about $25,000. CrossGen Wealth LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at about $27,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Kimberly-Clark during the second quarter worth about $32,000. Finally, Clearstead Trust LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth about $33,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.
Kimberly-Clark Stock Performance
Shares of Kimberly-Clark stock opened at $111.02 on Wednesday. The business has a 50-day simple moving average of $109.19 and a 200-day simple moving average of $103.59. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $131.53. The company has a market cap of $36.92 billion, a PE ratio of 18.88, a P/E/G ratio of 5.31 and a beta of 0.26.
Kimberly-Clark Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 87.07%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on KMB. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Barclays raised their price target on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. TD Cowen boosted their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company upped their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $117.93.
Check Out Our Latest Report 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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