Kimberly Clark Corp (NYSE:KMB) Shares Sold by Livingston Group Asset Management CO operating as Southport Capital Management
Livingston Group Asset Management CO operating as Southport Capital Management lessened its position in Kimberly Clark Corp (NYSE:KMB) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,672 shares of the company’s stock after selling 1,200 shares during the quarter. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Kimberly Clark were worth $1,055,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Pacific Wealth Strategies Group Inc. grew its holdings in shares of Kimberly Clark by 1.9% in the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 10,161 shares of the company’s stock worth $1,398,000 after acquiring an additional 191 shares during the period. AE Wealth Management LLC boosted its position in shares of Kimberly Clark by 22.7% in the 4th quarter. AE Wealth Management LLC now owns 30,090 shares of the company’s stock worth $4,139,000 after buying an additional 5,573 shares in the last quarter. F&V Capital Management LLC boosted its position in shares of Kimberly Clark by 0.4% in the 4th quarter. F&V Capital Management LLC now owns 34,720 shares of the company’s stock worth $4,776,000 after buying an additional 140 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in Kimberly Clark in the 4th quarter valued at about $40,394,000. Finally, Viking Fund Management LLC increased its holdings in Kimberly Clark by 6.7% during the 4th quarter. Viking Fund Management LLC now owns 47,500 shares of the company’s stock valued at $6,534,000 after acquiring an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 71.77% of the company’s stock.
Shares of Kimberly Clark stock traded up $0.96 during mid-day trading on Thursday, hitting $143.13. 29,962 shares of the stock were exchanged, compared to its average volume of 1,182,516. The stock has a market capitalization of $48.33 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 3.57 and a beta of 0.51. Kimberly Clark Corp has a twelve month low of $107.44 and a twelve month high of $143.50. The company has a current ratio of 0.75, a quick ratio of 0.48 and a debt-to-equity ratio of 70.43. The company has a 50-day simple moving average of $137.23 and a 200 day simple moving average of $136.65.
The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were paid a $1.03 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.12 annualized dividend and a yield of 2.88%. Kimberly Clark’s payout ratio is currently 62.33%.
A number of equities analysts have issued reports on KMB shares. Wells Fargo & Co lifted their target price on shares of Kimberly Clark from $130.00 to $132.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 15th. Morgan Stanley dropped their price objective on shares of Kimberly Clark from $149.00 to $139.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Bank of America raised shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Friday, September 27th. Deutsche Bank lifted their price objective on Kimberly Clark from $124.00 to $126.00 and gave the stock a “hold” rating in a research report on Thursday, December 12th. Finally, Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 target price on the stock in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $139.50.
About Kimberly Clark
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
Recommended Story: Learning About the VIX – Volatility Index
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).
Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.