Orleans Capital Management Corp LA lessened its position in shares of Kimberly Clark Corp (NYSE:KMB) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,257 shares of the company’s stock after selling 1,573 shares during the quarter. Kimberly Clark comprises 2.6% of Orleans Capital Management Corp LA’s holdings, making the stock its 6th biggest position. Orleans Capital Management Corp LA’s holdings in Kimberly Clark were worth $3,648,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of KMB. Martin Investment Management LLC purchased a new stake in Kimberly Clark during the 2nd quarter worth approximately $443,000. Pax World Management LLC grew its position in Kimberly Clark by 7.7% during the 2nd quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock worth $359,000 after purchasing an additional 200 shares during the last quarter. Capital Research Global Investors grew its position in Kimberly Clark by 46.6% during the 2nd 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 last quarter. Boston Family Office LLC grew its position in Kimberly Clark by 0.8% during the 2nd quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock worth $1,496,000 after purchasing an additional 90 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Kimberly Clark by 3.7% during the 1st quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after purchasing an additional 68,776 shares during the last quarter. Hedge funds and other institutional investors own 71.61% of the company’s stock.
Kimberly Clark Corp (NYSE KMB) traded down $0.69 on Thursday, hitting $122.16. 1,931,700 shares of the company traded hands, compared to its average volume of 1,817,005. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. Kimberly Clark Corp has a 1 year low of $109.67 and a 1 year high of $136.21. The firm has a market cap of $43,213.39, a PE ratio of 20.11, a P/E/G ratio of 3.19 and a beta of 0.76.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly Clark’s dividend payout ratio is currently 64.03%.
Several research firms have weighed in on KMB. Citigroup reissued a “neutral” rating and set a $131.00 target price (down previously from $132.00) on shares of Kimberly Clark in a research report on Friday, August 11th. Barclays reissued a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Jefferies Group reaffirmed a “hold” rating and issued a $119.00 price objective on shares of Kimberly Clark in a report on Thursday, September 7th. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and upped their price objective for the company from $112.05 to $144.00 in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $127.14.
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Kimberly Clark Company 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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