D.A. Davidson & CO. Purchases 11,660 Shares of Kimberly-Clark Corporation $KMB

D.A. Davidson & CO. increased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMBFree Report) by 13.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,692 shares of the company’s stock after acquiring an additional 11,660 shares during the period. D.A. Davidson & CO.’s holdings in Kimberly-Clark were worth $9,654,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of KMB. Cloud Capital Management LLC bought a new stake in Kimberly-Clark during the 3rd quarter worth approximately $25,000. True Wealth Design LLC lifted its holdings in Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after buying an additional 135 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the 2nd quarter worth $27,000. Eagle Bay Advisors LLC acquired a new position in Kimberly-Clark during the 4th quarter worth $28,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after buying an additional 140 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KMB has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Citigroup reduced their price objective on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a report on Wednesday, January 14th. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Bank of America cut their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average price target of $114.86.

Read Our Latest Analysis on KMB

Kimberly-Clark Price Performance

KMB opened at $98.44 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $144.30. The company has a fifty day simple moving average of $100.77 and a 200 day simple moving average of $103.77. The stock has a market cap of $32.68 billion, a P/E ratio of 16.22, a P/E/G ratio of 3.80 and a beta of 0.28.

Kimberly-Clark (NASDAQ:KMBGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.05. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.Kimberly-Clark’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.93 earnings per share. On average, research analysts expect that Kimberly-Clark Corporation will post 7.47 EPS for the current year.

More Kimberly-Clark News

Here are the key news stories impacting Kimberly-Clark this week:

Insider Activity at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.75% of the stock is currently owned by corporate insiders.

About Kimberly-Clark

(Free Report)

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.

See Also

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

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