Pittenger & Anderson Inc. lifted its stake in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,590 shares of the company’s stock after purchasing an additional 160 shares during the period. Pittenger & Anderson Inc.’s holdings in Kimberly-Clark were worth $3,188,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of KMB. Clark Capital Management Group Inc. lifted its position in shares of Kimberly-Clark by 58.4% in the 4th quarter. Clark Capital Management Group Inc. now owns 3,466 shares of the company’s stock worth $495,000 after purchasing an additional 1,278 shares during the period. Mutual Advisors LLC lifted its position in shares of Kimberly-Clark by 6.5% in the 4th quarter. Mutual Advisors LLC now owns 12,940 shares of the company’s stock worth $1,849,000 after purchasing an additional 792 shares during the period. Blair William & Co. IL lifted its position in Kimberly-Clark by 17.8% during the 4th quarter. Blair William & Co. IL now owns 99,681 shares of the company’s stock valued at $14,246,000 after acquiring an additional 15,046 shares during the period. Summit Global Investments lifted its position in Kimberly-Clark by 4.4% during the 4th quarter. Summit Global Investments now owns 6,292 shares of the company’s stock valued at $899,000 after acquiring an additional 268 shares during the period. Finally, Unigestion Holding SA lifted its position in Kimberly-Clark by 1.3% during the 4th quarter. Unigestion Holding SA now owns 12,930 shares of the company’s stock valued at $1,848,000 after acquiring an additional 171 shares during the period. 74.36% of the stock is owned by hedge funds and other institutional investors.
Kimberly-Clark Stock Performance
Shares of NYSE KMB opened at $120.71 on Friday. The firm has a 50 day moving average of $130.55 and a 200 day moving average of $130.14. The company has a current ratio of 0.79, a quick ratio of 0.47 and a debt-to-equity ratio of 10.37. The firm has a market capitalization of $40.75 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 4.17 and a beta of 0.31. Kimberly-Clark Co. has a 12-month low of $117.32 and a 12-month high of $145.79.
Kimberly-Clark Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 3.84%. The ex-dividend date is Thursday, September 8th. Kimberly-Clark’s dividend payout ratio is currently 87.71%.
Analyst Ratings Changes
A number of brokerages recently issued reports on KMB. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Friday, July 22nd. Bank of America assumed coverage on shares of Kimberly-Clark in a report on Wednesday, September 14th. They issued a “neutral” rating for the company. Finally, UBS Group lifted their target price on shares of Kimberly-Clark from $136.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $131.15.
Kimberly-Clark Company Profile
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, swimpants, training and youth pants, 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.
- Get a free copy of the StockNews.com research report on Kimberly-Clark (KMB)
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