Kimberly Clark Corp (KMB) Stake Raised by Providence Capital Advisors LLC

Providence Capital Advisors LLC lifted its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 2.7% in the first quarter, Holdings Channel reports. The institutional investor owned 9,321 shares of the company’s stock after purchasing an additional 241 shares during the quarter. Providence Capital Advisors LLC’s holdings in Kimberly Clark were worth $1,155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the stock. Vanguard Group Inc grew its position in shares of Kimberly Clark by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 26,068,811 shares of the company’s stock valued at $2,962,461,000 after buying an additional 264,393 shares during the last quarter. BlackRock Inc. grew its position in shares of Kimberly Clark by 3.4% during the 4th quarter. BlackRock Inc. now owns 24,634,126 shares of the company’s stock valued at $2,806,813,000 after buying an additional 800,098 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Kimberly Clark by 0.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,183,043 shares of the company’s stock valued at $590,557,000 after buying an additional 47,837 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Kimberly Clark by 11,155.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,310,008 shares of the company’s stock valued at $38,000 after buying an additional 4,271,714 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Kimberly Clark by 8.1% during the 4th quarter. Geode Capital Management LLC now owns 4,135,213 shares of the company’s stock valued at $470,390,000 after buying an additional 308,810 shares during the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

NYSE KMB opened at $130.63 on Friday. Kimberly Clark Corp has a 52 week low of $99.36 and a 52 week high of $132.47. The company has a quick ratio of 0.47, a current ratio of 0.73 and a debt-to-equity ratio of 51.24. The stock has a market capitalization of $44.91 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 3.79 and a beta of 0.61.



Kimberly Clark (NYSE:KMB) last posted its earnings results on Monday, April 22nd. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.54 by $0.12. Kimberly Clark had a net margin of 9.63% and a return on equity of 5,637.04%. The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter in the prior year, the firm earned $1.71 EPS. Kimberly Clark’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, equities analysts expect that Kimberly Clark Corp will post 6.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, June 6th. Kimberly Clark’s dividend payout ratio (DPR) is 62.33%.

A number of equities research analysts recently weighed in on the stock. Macquarie raised shares of Kimberly Clark from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $102.00 to $142.00 in a research report on Tuesday, April 23rd. Argus raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Tuesday, April 23rd. ValuEngine raised shares of Kimberly Clark from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Citigroup boosted their price objective on shares of Kimberly Clark from $102.00 to $116.00 and gave the company a “sell” rating in a research report on Tuesday, April 23rd. Finally, Zacks Investment Research downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $120.24.

In other news, SVP Sandra Macquillan sold 6,774 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $124.87, for a total value of $845,869.38. Following the completion of the transaction, the senior vice president now directly owns 15,287 shares in the company, valued at $1,908,887.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kimberly K. Underhill sold 23,785 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $131.05, for a total transaction of $3,117,024.25. Following the completion of the transaction, the insider now owns 51,307 shares of the company’s stock, valued at $6,723,782.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 446,313 shares of company stock valued at $56,436,155. 0.85% of the stock is owned by insiders.

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Kimberly Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

Further Reading: Dow Jones Industrial Average (DJIA)

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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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