DAVENPORT & Co LLC Has $9.06 Million Stock Holdings in Kimberly-Clark Corporation $KMB

DAVENPORT & Co LLC decreased its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,754 shares of the company’s stock after selling 5,174 shares during the quarter. DAVENPORT & Co LLC’s holdings in Kimberly-Clark were worth $9,056,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Monarch Capital Management Inc. raised its holdings in shares of Kimberly-Clark by 1.9% during the second quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock worth $568,000 after acquiring an additional 81 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in Kimberly-Clark by 3.5% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock valued at $321,000 after purchasing an additional 87 shares during the last quarter. Bill Few Associates Inc. grew its stake in Kimberly-Clark by 2.2% in the third quarter. Bill Few Associates Inc. now owns 4,787 shares of the company’s stock valued at $595,000 after purchasing an additional 103 shares in the last quarter. NTV Asset Management LLC grew its stake in Kimberly-Clark by 4.1% in the third quarter. NTV Asset Management LLC now owns 2,640 shares of the company’s stock valued at $328,000 after purchasing an additional 103 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. increased its position in Kimberly-Clark by 1.8% in the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,729 shares of the company’s stock worth $712,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.64% of the stock is currently owned by corporate insiders.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $98.85 on Friday. The stock has a market capitalization of $32.81 billion, a P/E ratio of 16.29, a P/E/G ratio of 3.53 and a beta of 0.24. The business has a 50-day moving average of $103.45 and a two-hundred day moving average of $108.37. Kimberly-Clark Corporation has a fifty-two week low of $96.26 and a fifty-two week high of $147.12. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the firm posted $1.50 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 5.2%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date is Friday, March 6th. Kimberly-Clark’s dividend payout ratio is 84.35%.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of recent research reports. Wells Fargo & Company set a $110.00 price target on Kimberly-Clark in a research note on Tuesday, February 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. BNP Paribas Exane reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Kimberly-Clark in a research report on Monday, December 1st. UBS Group lifted their target price on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Finally, Zacks Research downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given 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 $116.42.

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.