Sompo Japan Nipponkoa Asset Management CO. LTD. boosted its position in shares of Kimberly Clark Corp (NYSE:KMB) by 17.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,376 shares of the company’s stock after acquiring an additional 5,310 shares during the period. Kimberly Clark accounts for about 1.2% of Sompo Japan Nipponkoa Asset Management CO. LTD.’s investment portfolio, making the stock its 28th largest position. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Kimberly Clark were worth $4,651,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. Exchange Traded Concepts LLC bought a new stake in Kimberly Clark during the 4th quarter worth approximately $66,000. Howland Capital Management LLC raised its stake in Kimberly Clark by 12.4% during the 4th quarter. Howland Capital Management LLC now owns 1,961 shares of the company’s stock worth $270,000 after acquiring an additional 216 shares during the period. Global Retirement Partners LLC raised its stake in Kimberly Clark by 3.8% during the 4th quarter. Global Retirement Partners LLC now owns 2,057 shares of the company’s stock worth $283,000 after acquiring an additional 75 shares during the period. J.W. Cole Advisors Inc. bought a new stake in Kimberly Clark during the 4th quarter worth approximately $1,022,000. Finally, Nwam LLC raised its stake in Kimberly Clark by 181.7% during the 4th quarter. Nwam LLC now owns 4,904 shares of the company’s stock worth $675,000 after acquiring an additional 3,163 shares during the period. Institutional investors own 72.55% of the company’s stock.
Shares of KMB stock traded up $2.28 on Friday, reaching $139.74. The company’s stock had a trading volume of 1,442,456 shares, compared to its average volume of 1,705,895. The stock’s fifty day simple moving average is $136.74 and its 200-day simple moving average is $136.98. Kimberly Clark Corp has a 1 year low of $110.66 and a 1 year high of $149.23. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 156.74. The company has a market capitalization of $46.81 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 3.59 and a beta of 0.49.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, June 4th. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.12%.
A number of equities research analysts have commented on KMB shares. Royal Bank of Canada restated a “hold” rating and set a $149.00 target price on shares of Kimberly Clark in a research note on Wednesday, April 22nd. Jefferies Financial Group increased their price objective on shares of Kimberly Clark from $149.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. ValuEngine raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Deutsche Bank increased their price objective on shares of Kimberly Clark from $143.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Finally, Goldman Sachs Group raised shares of Kimberly Clark to a “hold” rating in a report on Monday, March 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $146.70.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 24,469 shares of Kimberly Clark stock in a transaction on Monday, April 27th. The shares were sold at an average price of $140.25, for a total transaction of $3,431,777.25. Following the completion of the transaction, the insider now directly owns 57,527 shares of the company’s stock, valued at $8,068,161.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP J. Scott Boston sold 13,388 shares of Kimberly Clark stock in a transaction on Friday, April 24th. The stock was sold at an average price of $141.00, for a total transaction of $1,887,708.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,536 shares of company stock valued at $5,969,866. 0.72% of the stock is currently owned by insiders.
Kimberly Clark 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.
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