Ropes Wealth Advisors LLC decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 18.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,658 shares of the company’s stock after selling 3,617 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $2,101,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Robinson Value Management Ltd. purchased a new stake in Kimberly-Clark in the 4th quarter valued at about $27,000. Retirement Group LLC purchased a new stake in Kimberly-Clark in the 4th quarter valued at about $29,000. Grandview Asset Management LLC purchased a new stake in shares of Kimberly-Clark during the 1st quarter worth about $29,000. Certified Advisory Corp purchased a new stake in shares of Kimberly-Clark during the 1st quarter worth about $29,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth about $30,000. Institutional investors own 72.97% of the company’s stock.
Shares of KMB traded down $0.19 during trading on Friday, reaching $129.46. The company’s stock had a trading volume of 8,211 shares, compared to its average volume of 2,408,041. The business’s fifty day moving average price is $134.14. Kimberly-Clark Co. has a twelve month low of $128.02 and a twelve month high of $160.16. The company has a market cap of $43.68 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 3.54 and a beta of 0.51. The company has a debt-to-equity ratio of 10.12, a quick ratio of 0.48 and a current ratio of 0.77.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 2nd. Stockholders of record on Friday, June 4th will be issued a $1.14 dividend. The ex-dividend date of this dividend is Thursday, June 3rd. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.52%. Kimberly-Clark’s dividend payout ratio (DPR) is 58.91%.
A number of analysts have recently issued reports on the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on Kimberly-Clark from $122.00 to $123.00 and gave the stock a “sell” rating in a report on Monday, April 26th. Zacks Investment Research cut Kimberly-Clark from a “hold” rating to a “strong sell” rating and set a $111.00 target price for the company. in a report on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft decreased their target price on Kimberly-Clark from $145.00 to $137.00 and set a “hold” rating for the company in a report on Monday, April 26th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $123.00 price target (down from $144.00) on shares of Kimberly-Clark in a research report on Thursday, March 25th. Finally, Jefferies Financial Group reduced their price target on Kimberly-Clark from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, April 26th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $140.31.
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, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.
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