Kimberly-Clark Corporation $KMB Stock Position Raised by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,530,753 shares of the company’s stock after acquiring an additional 95,277 shares during the period. Vanguard Group Inc. owned about 12.21% of Kimberly-Clark worth $5,039,594,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in KMB. Cloud Capital Management LLC acquired a new stake in Kimberly-Clark in the third quarter worth $25,000. True Wealth Design LLC grew its position in shares of Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares during the last quarter. Princeton Global Asset Management LLC increased its holdings in shares of Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after acquiring an additional 188 shares during the period. Winnow Wealth LLC bought a new stake in Kimberly-Clark in the 2nd quarter valued at about $27,000. Finally, Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the 2nd quarter valued at about $27,000. 76.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Evercore reaffirmed an “in-line” rating and set a $120.00 price target (down previously from $150.00) on shares of Kimberly-Clark in a report on Tuesday, November 4th. Wells Fargo & Company set a $110.00 target price on Kimberly-Clark in a research note on Tuesday. TD Cowen reduced their price target on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Thursday, November 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $119.00.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $107.52 on Wednesday. The company has a 50-day moving average of $101.70 and a 200-day moving average of $113.42. The firm has a market cap of $35.69 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 4.30 and a beta of 0.26. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. Kimberly-Clark Corporation has a twelve month low of $96.26 and a twelve month high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.81 by $0.05. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 earnings per share. Analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.8%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. Kimberly-Clark’s payout ratio is presently 83.03%.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.64% of the stock is currently owned by corporate insiders.

Kimberly-Clark 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.