Investors Buy Shares of Kimberly Clark (KMB) on Weakness
Traders bought shares of Kimberly Clark Corp (NYSE:KMB) on weakness during trading on Thursday. $86.63 million flowed into the stock on the tick-up and $54.54 million flowed out of the stock on the tick-down, for a money net flow of $32.09 million into the stock. Of all equities tracked, Kimberly Clark had the 28th highest net in-flow for the day. Kimberly Clark traded down ($1.32) for the day and closed at $115.34
A number of brokerages recently commented on KMB. Citigroup downgraded Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective for the company. in a research note on Monday, December 11th. Zacks Investment Research lowered Kimberly Clark from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Royal Bank of Canada reiterated a “hold” rating and set a $121.00 price target on shares of Kimberly Clark in a research report on Friday, October 13th. Deutsche Bank started coverage on Kimberly Clark in a research report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price target for the company. Finally, JPMorgan Chase & Co. lowered Kimberly Clark from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $115.55 to $100.00 in a research report on Friday, October 20th. Three analysts have rated the stock with a sell rating, eleven have assigned 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 price target of $126.50.
The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. The stock has a market capitalization of $40,570.00, a PE ratio of 19.03, a PEG ratio of 2.80 and a beta of 0.75.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were issued a $0.97 dividend. The ex-dividend date was Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.36%. Kimberly Clark’s dividend payout ratio (DPR) is 64.03%.
Several institutional investors have recently made changes to their positions in KMB. Confluence Investment Management LLC acquired a new stake in shares of Kimberly Clark in the second quarter valued at $211,000. Marshwinds Advisory Co. lifted its holdings in shares of Kimberly Clark by 8.4% in the second quarter. Marshwinds Advisory Co. now owns 5,609 shares of the company’s stock valued at $724,000 after buying an additional 437 shares during the period. GW&K Investment Management LLC lifted its holdings in shares of Kimberly Clark by 43.7% in the second quarter. GW&K Investment Management LLC now owns 10,788 shares of the company’s stock valued at $1,393,000 after buying an additional 3,279 shares during the period. First Financial Bank Trust Division lifted its holdings in shares of Kimberly Clark by 15.3% in the second quarter. First Financial Bank Trust Division now owns 7,551 shares of the company’s stock valued at $974,000 after buying an additional 1,002 shares during the period. Finally, Hays Advisory LLC lifted its holdings in shares of Kimberly Clark by 4.9% in the second quarter. Hays Advisory LLC now owns 2,203 shares of the company’s stock valued at $284,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 71.46% of the company’s stock.
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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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