DAVENPORT & Co LLC Increases Stake in Kimberly-Clark Corporation $KMB

DAVENPORT & Co LLC grew its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 6.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 94,928 shares of the company’s stock after acquiring an additional 5,831 shares during the period. DAVENPORT & Co LLC’s holdings in Kimberly-Clark were worth $11,802,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMB. Meriwether Wealth & Planning LLC purchased a new position in Kimberly-Clark during the third quarter valued at $214,000. Welch Group LLC grew its stake in shares of Kimberly-Clark by 2.3% in the third quarter. Welch Group LLC now owns 376,064 shares of the company’s stock worth $46,760,000 after acquiring an additional 8,513 shares during the last quarter. Fourpath Capital Management LLC increased its holdings in shares of Kimberly-Clark by 26.8% during the third quarter. Fourpath Capital Management LLC now owns 9,093 shares of the company’s stock valued at $1,131,000 after acquiring an additional 1,924 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Kimberly-Clark by 4.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,327 shares of the company’s stock worth $1,533,000 after purchasing an additional 523 shares during the last quarter. Finally, Cranbrook Wealth Management LLC boosted its stake in Kimberly-Clark by 151.9% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 529 shares of the company’s stock worth $66,000 after purchasing an additional 319 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $101.01 on Thursday. The stock has a market cap of $33.52 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 4.35 and a beta of 0.25. Kimberly-Clark Corporation has a 1 year low of $99.22 and a 1 year high of $150.45. The firm has a fifty day moving average price of $107.49 and a 200-day moving average price of $121.10. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.37. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The firm’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $1.83 earnings per share. Equities analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, December 5th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 85.28%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Cowen lowered their price objective on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. Morgan Stanley decreased their price target on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 4th. JPMorgan Chase & Co. increased their price objective on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Cowen reiterated a “hold” rating on shares of Kimberly-Clark in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada reissued an “overweight” rating and issued a $162.00 target price on shares of Kimberly-Clark in a research report on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $124.62.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.