DAVENPORT & Co LLC Grows Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

DAVENPORT & Co LLC increased its stake in shares of Kimberly-Clark Co. (NYSE:KMBFree Report) by 18.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 92,382 shares of the company’s stock after acquiring an additional 14,219 shares during the period. DAVENPORT & Co LLC’s holdings in Kimberly-Clark were worth $11,225,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KMB. Charles Schwab Investment Management Inc. raised its position in Kimberly-Clark by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock worth $869,090,000 after acquiring an additional 177,712 shares during the last quarter. Geode Capital Management LLC raised its position in Kimberly-Clark by 1.7% during the first quarter. Geode Capital Management LLC now owns 6,465,213 shares of the company’s stock worth $866,180,000 after acquiring an additional 108,050 shares during the last quarter. American Century Companies Inc. raised its position in Kimberly-Clark by 14.7% during the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after acquiring an additional 641,187 shares during the last quarter. Morgan Stanley raised its position in Kimberly-Clark by 4.6% during the third quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after acquiring an additional 212,739 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its position in shares of Kimberly-Clark by 123,302.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,430,158 shares of the company’s stock valued at $601,394,000 after buying an additional 4,426,568 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, Director Mark T. Smucker bought 827 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average cost of $120.98 per share, with a total value of $100,050.46. Following the completion of the purchase, the director now directly owns 827 shares in the company, valued at $100,050.46. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Tristram Wilkinson sold 3,720 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the sale, the insider now owns 17,229 shares in the company, valued at $2,084,709. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark T. Smucker purchased 827 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the acquisition, the director now directly owns 827 shares of the company’s stock, valued at $100,050.46. The disclosure for this purchase can be found here. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Down 0.9 %

Shares of NYSE:KMB opened at $127.69 on Wednesday. The company has a market cap of $43.02 billion, a PE ratio of 24.56, a P/E/G ratio of 3.95 and a beta of 0.40. The company’s 50-day moving average price is $122.88 and its 200 day moving average price is $122.03. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $147.87. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 6.94.

Kimberly-Clark (NYSE:KMBGet Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The company had revenue of $5 billion during the quarter, compared to analyst estimates of $4.99 billion. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 earnings per share. Sell-side analysts anticipate that Kimberly-Clark Co. will post 6.83 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were paid a dividend of $1.22 per share. The ex-dividend date was Thursday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.18. This represents a $4.88 annualized dividend and a yield of 3.82%. Kimberly-Clark’s dividend payout ratio is currently 93.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Kimberly-Clark in a research report on Friday, March 1st. They issued a “buy” rating and a $135.00 price objective for the company. Barclays cut their price objective on shares of Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating for the company in a research report on Friday, January 26th. Wells Fargo & Company boosted their price objective on shares of Kimberly-Clark from $125.00 to $131.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. upped their price target on shares of Kimberly-Clark from $119.00 to $125.00 and gave the stock an “underweight” rating in a research report on Thursday, January 18th. Finally, StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $132.27.

Read Our Latest Stock Analysis on Kimberly-Clark

Kimberly-Clark Profile

(Free Report)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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