Vinva Investment Management Ltd Has $3.83 Million Stock Holdings in Kimberly-Clark Corporation $KMB

Vinva Investment Management Ltd raised its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 84.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 31,255 shares of the company’s stock after acquiring an additional 14,278 shares during the period. Vinva Investment Management Ltd’s holdings in Kimberly-Clark were worth $3,834,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Cloud Capital Management LLC bought a new stake in shares of Kimberly-Clark in the third quarter worth $25,000. True Wealth Design LLC grew its position in Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Winnow Wealth LLC bought a new position in Kimberly-Clark in the second quarter valued at $27,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the 2nd quarter valued at $27,000. Finally, Vermillion & White Wealth Management Group LLC lifted its position in Kimberly-Clark by 105.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after buying an additional 127 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Activity

In other news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The stock was 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 Securities & Exchange Commission, which is available through this link. 0.64% of the stock is currently owned by insiders.

Kimberly-Clark Stock Performance

Shares of KMB opened at $104.58 on Monday. The company 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 firm has a 50-day moving average of $103.41 and a 200-day moving average of $111.07. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $150.45. 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 earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the prior year, the firm earned $1.50 EPS. Kimberly-Clark’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a $1.28 dividend. 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 is Friday, March 6th. Kimberly-Clark’s dividend payout ratio is currently 84.35%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Zacks Research downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Citigroup lowered their target price on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research report on Wednesday, January 14th. Wells Fargo & Company set a $110.00 price target on Kimberly-Clark in a research report on Tuesday, February 17th. BNP Paribas Exane restated a “neutral” rating and issued a $110.00 price target on shares of Kimberly-Clark in a research note on Monday, December 1st. Finally, TD Cowen lowered their price target on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark 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.