Davis R M Inc. Has $389,000 Stock Holdings in Kimberly-Clark Corporation $KMB

Davis R M Inc. trimmed its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 79.3% during the first quarter, HoldingsChannel reports. The fund owned 3,980 shares of the company’s stock after selling 15,235 shares during the quarter. Davis R M Inc.’s holdings in Kimberly-Clark were worth $389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in shares of Kimberly-Clark by 26,997.7% during the fourth quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock worth $743,399,000 after purchasing an additional 7,341,215 shares during the period. Norges Bank acquired a new stake in Kimberly-Clark in the fourth quarter valued at $521,184,000. Massachusetts Financial Services Co. MA increased its holdings in 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 purchasing an additional 2,628,206 shares during the period. KBC Group NV raised its position in Kimberly-Clark by 459.9% during the 1st quarter. KBC Group NV now owns 1,695,768 shares of the company’s stock worth $163,591,000 after purchasing an additional 1,392,873 shares during the last quarter. Finally, State Street Corp lifted its holdings in Kimberly-Clark by 5.0% during the 3rd quarter. State Street Corp now owns 20,830,890 shares of the company’s stock worth $2,615,382,000 after buying an additional 997,397 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider directly owned 8,362 shares in the company, valued at $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on KMB. Bank of America reduced their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. UBS Group raised their price objective on Kimberly-Clark from $106.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Wednesday, June 24th. Wells Fargo & Company increased their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Finally, Barclays raised their price target on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $107.31 on Friday. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $137.46. The business has a 50-day simple moving average of $104.11 and a 200 day simple moving average of $101.94. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. The firm has a market capitalization of $35.62 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 4.85 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.04. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. 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 EPS. On average, research analysts anticipate that Kimberly-Clark Corporation will post 7.47 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, June 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 80.38%.

Kimberly-Clark Company 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.