DAVENPORT & Co LLC Acquires 14,219 Shares of Kimberly-Clark Co. (NYSE:KMB)

DAVENPORT & Co LLC lifted its holdings in Kimberly-Clark Co. (NYSE:KMBFree Report) by 18.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 92,382 shares of the company’s stock after purchasing 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.

Several other institutional investors have also recently made changes to their positions in the business. West Tower Group LLC purchased a new stake in Kimberly-Clark in the 2nd quarter worth approximately $25,000. DHJJ Financial Advisors Ltd. purchased a new stake in Kimberly-Clark in the 3rd quarter worth approximately $26,000. OFI Invest Asset Management purchased a new stake in Kimberly-Clark in the 3rd quarter worth approximately $25,000. Cornerstone Planning Group LLC purchased a new stake in Kimberly-Clark in the 2nd quarter worth approximately $34,000. Finally, First Capital Advisors Group LLC. purchased a new stake in Kimberly-Clark in the 2nd quarter worth approximately $37,000. Institutional investors own 76.29% of the company’s stock.

Insider Activity

In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of Kimberly-Clark stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the transaction, the insider now owns 17,229 shares in the company, valued at $2,084,709. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Kimberly-Clark news, Director Mark T. Smucker bought 827 shares of Kimberly-Clark stock in a transaction dated 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 purchase, the director now directly owns 827 shares in the company, valued at approximately $100,050.46. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the transaction, the insider now directly owns 17,229 shares of the company’s stock, valued at $2,084,709. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the subject of several analyst reports. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $123.00 price objective on shares of Kimberly-Clark in a report on Thursday, March 28th. 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 report on Friday, January 26th. JPMorgan Chase & Co. increased their price objective on shares of Kimberly-Clark from $119.00 to $125.00 and gave the company an “underweight” rating in a report on Thursday, January 18th. Finally, The Goldman Sachs Group began coverage on shares of Kimberly-Clark in a report on Friday, March 1st. They set a “buy” rating and a $135.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $132.27.

Read Our Latest Report on KMB

Kimberly-Clark Stock Down 0.9 %

NYSE:KMB opened at $127.69 on Wednesday. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $147.87. The company has a market cap of $43.02 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 3.95 and a beta of 0.40. The stock has a fifty day simple moving average of $122.88 and a 200-day simple moving average of $122.03. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 6.94.

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

Kimberly-Clark Increases Dividend

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

About Kimberly-Clark

(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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