Kimberly-Clark Corporation $KMB Shares Acquired by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL grew its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 6.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 299,642 shares of the company’s stock after buying an additional 17,955 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Kimberly-Clark were worth $30,231,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KMB. Norges Bank acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $521,184,000. Massachusetts Financial Services Co. MA raised its position in shares of Kimberly-Clark by 50.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock valued at $790,934,000 after buying an additional 2,628,206 shares during the last quarter. State Street Corp increased its position in Kimberly-Clark by 5.0% during the third quarter. State Street Corp now owns 20,830,890 shares of the company’s stock worth $2,615,382,000 after purchasing an additional 997,397 shares during the last quarter. Marshall Wace LLP increased its position in Kimberly-Clark by 331.6% during the third quarter. Marshall Wace LLP now owns 1,107,640 shares of the company’s stock worth $137,724,000 after purchasing an additional 851,024 shares during the last quarter. Finally, M&T Bank Corp increased its position in Kimberly-Clark by 506.1% during the fourth quarter. M&T Bank Corp now owns 758,154 shares of the company’s stock worth $76,490,000 after purchasing an additional 633,061 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Shares of KMB opened at $101.54 on Friday. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $137.46. The stock has a market cap of $33.71 billion, a PE ratio of 15.94, a P/E/G ratio of 4.56 and a beta of 0.28. The firm has a 50-day simple moving average of $97.69 and a two-hundred day simple moving average of $100.95. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period last year, the business earned $1.93 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts forecast that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $1.28 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 annualized dividend and a dividend yield of 5.0%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 80.38%.

Insider Activity at Kimberly-Clark

In other news, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the transaction, the insider owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The SEC filing for this sale provides additional information. In the last three months, insiders sold 7,096 shares of company stock valued at $689,687. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. UBS Group raised their price objective on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, Bank of America cut their price objective on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $114.93.

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.