Exchange Traded Concepts LLC reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,300 shares of the company's stock after selling 1,960 shares during the period. Exchange Traded Concepts LLC's holdings in Kimberly-Clark were worth $1,612,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Wesbanco Bank Inc. grew its position in Kimberly-Clark by 0.9% in the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company's stock worth $1,101,000 after acquiring an additional 71 shares in the last quarter. My Legacy Advisors LLC boosted its holdings in Kimberly-Clark by 4.6% in the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company's stock worth $248,000 after purchasing an additional 76 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in Kimberly-Clark by 1.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company's stock worth $759,000 after purchasing an additional 77 shares in the last quarter. Graypoint LLC increased its position in Kimberly-Clark by 1.5% during the third quarter. Graypoint LLC now owns 5,315 shares of the company's stock worth $756,000 after buying an additional 78 shares during the last quarter. Finally, Truvestments Capital LLC raised its holdings in Kimberly-Clark by 2.7% during the third quarter. Truvestments Capital LLC now owns 2,981 shares of the company's stock valued at $424,000 after buying an additional 78 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.
In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares of the company's stock, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.62% of the company's stock.
A number of research analysts have recently commented on KMB shares. Barclays lowered their price objective on Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. dropped their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a research report on Thursday, January 16th. TD Cowen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price objective for the company. in a report on Wednesday, January 8th. Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Finally, UBS Group decreased their price target on shares of Kimberly-Clark from $151.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $143.71.
Check Out Our Latest Analysis on Kimberly-Clark
Kimberly-Clark stock opened at $131.27 on Tuesday. The business has a 50 day moving average price of $131.85 and a two-hundred day moving average price of $137.56. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The stock has a market cap of $43.77 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 3.53 and a beta of 0.41.
The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were given a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.72%. Kimberly-Clark's dividend payout ratio (DPR) is currently 63.29%.
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.
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