Godshalk Welsh Capital Management Inc. Invests $212,000 in Kimberly Clark Corp (KMB)
Godshalk Welsh Capital Management Inc. acquired a new stake in shares of Kimberly Clark Corp (NYSE:KMB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,862 shares of the company’s stock, valued at approximately $212,000.
Several other hedge funds and other institutional investors also recently modified their holdings of KMB. Massachusetts Financial Services Co. MA increased its holdings in shares of Kimberly Clark by 96.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,809,600 shares of the company’s stock valued at $506,642,000 after acquiring an additional 2,365,565 shares during the last quarter. Macquarie Group Ltd. grew its holdings in Kimberly Clark by 1,402.1% in the 2nd quarter. Macquarie Group Ltd. now owns 2,182,802 shares of the company’s stock valued at $229,937,000 after buying an additional 2,037,488 shares during the last quarter. LSV Asset Management grew its holdings in Kimberly Clark by 293.0% in the 3rd quarter. LSV Asset Management now owns 2,413,025 shares of the company’s stock valued at $274,216,000 after buying an additional 1,798,953 shares during the last quarter. American Century Companies Inc. grew its holdings in Kimberly Clark by 121.8% in the 2nd quarter. American Century Companies Inc. now owns 2,478,731 shares of the company’s stock valued at $261,110,000 after buying an additional 1,361,325 shares during the last quarter. Finally, Beutel Goodman & Co Ltd. acquired a new stake in Kimberly Clark in the 3rd quarter valued at approximately $65,232,000. 73.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of KMB stock opened at $110.67 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 51.24. Kimberly Clark Corp has a 12 month low of $97.10 and a 12 month high of $123.77. The company has a market capitalization of $38.65 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 2.71 and a beta of 0.67.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Friday, December 7th will be given a $1.00 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.61%. Kimberly Clark’s dividend payout ratio is currently 64.21%.
A number of analysts have issued reports on KMB shares. Morgan Stanley raised their target price on Kimberly Clark from $94.00 to $102.00 and gave the company a “sell” rating in a report on Friday, August 31st. Wells Fargo & Co raised their target price on Kimberly Clark from $97.00 to $105.00 and gave the company a “market perform” rating in a report on Wednesday, October 17th. Deutsche Bank lowered Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 target price on the stock. in a report on Wednesday, October 10th. Goldman Sachs Group lowered Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 target price on the stock. in a report on Monday, October 8th. Finally, Atlantic Securities started coverage on Kimberly Clark in a report on Thursday, September 20th. They issued an “underweight” rating and a $114.00 target price on the stock. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $105.64.
In other Kimberly Clark news, SVP Jeffrey P. Melucci sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $111.18, for a total value of $111,180.00. Following the completion of the sale, the senior vice president now owns 4,132 shares in the company, valued at approximately $459,395.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is currently owned by company insiders.
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.
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