DnB Asset Management AS Acquires 1,200 Shares of Kimberly Clark Corp (KMB)
DnB Asset Management AS raised its holdings in Kimberly Clark Corp (NYSE:KMB) by 3.1% during the fourth quarter, Holdings Channel reports. The fund owned 39,457 shares of the company’s stock after purchasing an additional 1,200 shares during the period. DnB Asset Management AS’s holdings in Kimberly Clark were worth $4,761,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in KMB. Vanguard Group Inc. raised its holdings in Kimberly Clark by 2.2% in the second quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after purchasing an additional 537,794 shares during the period. Capital Research Global Investors raised its holdings in Kimberly Clark by 46.6% in the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after purchasing an additional 3,191,549 shares during the period. Wells Fargo & Company MN raised its holdings in Kimberly Clark by 3.3% in the second quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock worth $731,643,000 after purchasing an additional 181,517 shares during the period. Federated Investors Inc. PA raised its holdings in Kimberly Clark by 1.7% in the second quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock worth $421,692,000 after purchasing an additional 55,108 shares during the period. Finally, APG Asset Management N.V. raised its holdings in Kimberly Clark by 35.9% in the third quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock worth $322,672,000 after purchasing an additional 723,800 shares during the period. 71.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kimberly Clark Corp (KMB) opened at $115.49 on Friday. Kimberly Clark Corp has a twelve month low of $109.67 and a twelve month high of $136.21. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. The company has a market cap of $40,620.00, a price-to-earnings ratio of 19.06, a P/E/G ratio of 2.83 and a beta of 0.75.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 8th were issued a dividend of $0.97 per share. The ex-dividend date was Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.36%. Kimberly Clark’s payout ratio is 64.03%.
Several equities research analysts have weighed in on KMB shares. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Royal Bank of Canada reiterated a “hold” rating and issued a $121.00 target price on shares of Kimberly Clark in a report on Friday, October 13th. JPMorgan Chase & Co. lowered shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $115.55 to $100.00 in a report on Friday, October 20th. Citigroup reiterated a “hold” rating and issued a $125.00 target price (down from $131.00) on shares of Kimberly Clark in a report on Tuesday, October 24th. Finally, Wells Fargo & Co cut their target price on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $126.50.
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Kimberly Clark Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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