Wealthfront Advisers LLC significantly increased its stake in Kimberly-Clark Corporation (NASDAQ: KMB) by 90.5% in the third quarter, now holding 89,311 shares valued at approximately $11.11 million. The company also announced a quarterly dividend increase to $1.28 per share, leading to an annualized dividend of $5.12 and a yield of around 4.8%. Analyst sentiment for Kimberly-Clark is mixed, with a consensus “Hold” rating and a target price of $118.58, despite some analysts giving “Strong Buy” recommendations.
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Wealthfront Advisers LLC Has $11.11 Million Stock Position in Kimberly-Clark Corporation $KMB
Wealthfront Advisers LLC significantly increased its stake in Kimberly-Clark Corporation (NASDAQ: KMB) by 90.5% in the third quarter, now holding 89,311 shares valued at approximately $11.11 million. The company also announced a quarterly dividend increase to $1.28 per share, leading to an annualized dividend of $5.12 and a yield of around 4.8%. Analyst sentiment for Kimberly-Clark is mixed, with a consensus “Hold” rating and a target price of $118.58, despite some analysts giving “Strong Buy” recommendations.