Greatmark Investment Partners Inc. Raises Stake in Kimberly Clark Corp (KMB)

Greatmark Investment Partners Inc. grew its holdings in Kimberly Clark Corp (NYSE:KMB) by 49.0% during the first quarter, HoldingsChannel.com reports. The firm owned 3,042 shares of the company’s stock after buying an additional 1,000 shares during the period. Greatmark Investment Partners Inc.’s holdings in Kimberly Clark were worth $377,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc raised its stake in shares of Kimberly Clark by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 26,068,811 shares of the company’s stock valued at $2,962,461,000 after acquiring an additional 264,393 shares during the period. BKD Wealth Advisors LLC raised its stake in shares of Kimberly Clark by 4.6% in the 4th quarter. BKD Wealth Advisors LLC now owns 4,917 shares of the company’s stock valued at $560,000 after acquiring an additional 217 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Kimberly Clark in the 4th quarter valued at approximately $33,000. Viking Fund Management LLC raised its stake in shares of Kimberly Clark by 8.6% in the 4th quarter. Viking Fund Management LLC now owns 50,500 shares of the company’s stock valued at $5,754,000 after acquiring an additional 4,000 shares during the period. Finally, IFM Investors Pty Ltd raised its stake in shares of Kimberly Clark by 9.4% in the 4th quarter. IFM Investors Pty Ltd now owns 20,059 shares of the company’s stock valued at $2,286,000 after acquiring an additional 1,731 shares during the period. Institutional investors own 73.73% of the company’s stock.

In other news, SVP Jeffrey P. Melucci sold 7,903 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $130.17, for a total value of $1,028,733.51. Following the completion of the transaction, the senior vice president now owns 15,297 shares in the company, valued at approximately $1,991,210.49. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Sandra Macquillan sold 5,385 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $126.15, for a total transaction of $679,317.75. Following the completion of the transaction, the senior vice president now owns 15,814 shares of the company’s stock, valued at approximately $1,994,936.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 422,528 shares of company stock worth $53,319,131. Insiders own 0.85% of the company’s stock.

Shares of KMB opened at $130.98 on Thursday. Kimberly Clark Corp has a fifty-two week low of $99.36 and a fifty-two week high of $132.47. The company has a market cap of $44.72 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 3.79 and a beta of 0.61. The company has a current ratio of 0.73, a quick ratio of 0.47 and a debt-to-equity ratio of 51.24.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Monday, April 22nd. The company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.12. Kimberly Clark had a net margin of 9.63% and a return on equity of 5,637.04%. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same period in the prior year, the firm posted $1.71 EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, research analysts forecast that Kimberly Clark Corp will post 6.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, June 6th. Kimberly Clark’s dividend payout ratio is presently 62.33%.

Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Kimberly Clark from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a research note on Thursday, April 25th. Citigroup upped their target price on shares of Kimberly Clark from $102.00 to $116.00 and gave the stock a “sell” rating in a research note on Tuesday, April 23rd. Argus raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Tuesday, April 23rd. Finally, Macquarie raised shares of Kimberly Clark from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $102.00 to $142.00 in a research note on Tuesday, April 23rd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. Kimberly Clark currently has a consensus rating of “Hold” and a consensus target price of $120.24.

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Kimberly Clark Profile

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.

Further Reading: Calculating net profit and net profit margin ratio

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

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