Tradition Capital Management LLC Trims Position in Kimberly Clark Corp (KMB)
Tradition Capital Management LLC reduced its position in Kimberly Clark Corp (NYSE:KMB) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 33,977 shares of the company’s stock after selling 501 shares during the quarter. Tradition Capital Management LLC’s holdings in Kimberly Clark were worth $4,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Kimberly Clark by 2.2% during the second quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after acquiring an additional 537,794 shares in the last quarter. Capital Research Global Investors raised its stake in Kimberly Clark by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after acquiring an additional 3,191,549 shares in the last quarter. Wells Fargo & Company MN raised its stake in Kimberly Clark by 3.3% during the second quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock worth $731,643,000 after acquiring an additional 181,517 shares in the last quarter. Federated Investors Inc. PA raised its stake in Kimberly Clark by 1.7% during the second quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock worth $421,692,000 after acquiring an additional 55,108 shares in the last quarter. Finally, APG Asset Management N.V. raised its stake in Kimberly Clark by 8.9% during the fourth quarter. APG Asset Management N.V. now owns 2,986,444 shares of the company’s stock worth $300,087,000 after acquiring an additional 244,500 shares in the last quarter. 71.69% of the stock is owned by hedge funds and other institutional investors.
Shares of Kimberly Clark Corp (NYSE KMB) opened at $112.00 on Wednesday. Kimberly Clark Corp has a 12 month low of $109.51 and a 12 month high of $136.21. The firm has a market capitalization of $39,864.79, a price-to-earnings ratio of 17.58, a PEG ratio of 2.06 and a beta of 0.66. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 7.34.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.57%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, March 8th. Kimberly Clark’s dividend payout ratio (DPR) is presently 60.53%.
Several research analysts have issued reports on the company. Citigroup set a $112.00 price objective on Kimberly Clark and gave the stock a “sell” rating in a research note on Wednesday, January 24th. Zacks Investment Research lowered Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Deutsche Bank assumed coverage on Kimberly Clark in a research note on Wednesday, December 13th. They set a “hold” rating and a $121.00 price objective for the company. Societe Generale upgraded Kimberly Clark from a “hold” rating to a “buy” rating and increased their price objective for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Finally, Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. Kimberly Clark currently has an average rating of “Hold” and a consensus price target of $126.44.
In related news, insider Kimberly K. Underhill sold 23,158 shares of Kimberly Clark stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $119.77, for a total value of $2,773,633.66. Following the completion of the sale, the insider now directly owns 31,141 shares in the company, valued at $3,729,757.57. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.56% of the stock is owned by company insiders.
About Kimberly Clark
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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