Vinva Investment Management Ltd Buys 14,278 Shares of Kimberly-Clark Corporation $KMB

Vinva Investment Management Ltd lifted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 84.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 31,255 shares of the company’s stock after buying an additional 14,278 shares during the quarter. Vinva Investment Management Ltd’s holdings in Kimberly-Clark were worth $3,834,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC bought a new position in Kimberly-Clark in the 3rd quarter valued at about $25,000. Winnow Wealth LLC acquired a new position in shares of Kimberly-Clark in the second quarter valued at approximately $27,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark during the second quarter worth approximately $27,000. 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 purchasing an additional 135 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in Kimberly-Clark by 105.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock valued at $32,000 after purchasing an additional 127 shares during the period. Institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is owned by insiders.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $104.58 on Monday. The firm has a market cap of $34.71 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 3.76 and a beta of 0.24. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. The stock’s fifty day moving average price is $103.41 and its two-hundred day moving average price is $111.07. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $150.45.

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

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a dividend of $1.28 per share. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Friday, March 6th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 84.35%.

Analyst Upgrades and Downgrades

KMB has been the topic of several recent research reports. Wells Fargo & Company set a $110.00 price objective on Kimberly-Clark in a research report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. Zacks Research downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Thursday, November 13th. Finally, UBS Group lifted their price objective on shares of Kimberly-Clark from $107.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $119.00.

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.