Vaughan David Investments LLC IL Boosts Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Vaughan David Investments LLC IL raised its stake in Kimberly-Clark Co. (NYSE:KMB) by 3.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 214,976 shares of the company’s stock after buying an additional 6,675 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Kimberly-Clark were worth $28,759,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KMB. BlackRock Inc. boosted its position in Kimberly-Clark by 3.8% during the first quarter. BlackRock Inc. now owns 27,646,879 shares of the company’s stock worth $3,844,301,000 after acquiring an additional 1,002,406 shares during the last quarter. Nuance Investments LLC increased its stake in Kimberly-Clark by 96.8% during the 2nd quarter. Nuance Investments LLC now owns 1,693,766 shares of the company’s stock worth $226,592,000 after buying an additional 833,202 shares during the period. Cullen Capital Management LLC increased its position in shares of Kimberly-Clark by 249.7% in the 1st quarter. Cullen Capital Management LLC now owns 961,908 shares of the company’s stock worth $133,753,000 after purchasing an additional 686,854 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Kimberly-Clark by 57.4% in the 1st quarter. Nordea Investment Management AB now owns 1,736,478 shares of the company’s stock worth $240,797,000 after purchasing an additional 633,402 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Kimberly-Clark by 33.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,481,491 shares of the company’s stock valued at $345,051,000 after buying an additional 621,421 shares during the period. 71.37% of the stock is owned by institutional investors.

In other news, insider Kimberly K. Underhill sold 19,018 shares of Kimberly-Clark stock in a transaction that occurred on Monday, July 26th. The shares were sold at an average price of $135.84, for a total value of $2,583,405.12. Following the sale, the insider now directly owns 62,042 shares in the company, valued at $8,427,785.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Aaron Powell sold 29,534 shares of Kimberly-Clark stock in a transaction that occurred on Tuesday, August 17th. The shares were sold at an average price of $139.51, for a total transaction of $4,120,288.34. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.

Shares of NYSE KMB traded down $0.60 during mid-day trading on Monday, hitting $134.58. The company’s stock had a trading volume of 29,991 shares, compared to its average volume of 2,255,781. The stock has a market cap of $45.32 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 4.07 and a beta of 0.54. The company has a debt-to-equity ratio of 10.01, a current ratio of 0.77 and a quick ratio of 0.48. Kimberly-Clark Co. has a one year low of $128.02 and a one year high of $155.45. The company’s fifty day simple moving average is $136.67 and its 200-day simple moving average is $134.74.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Thursday, July 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.24). The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.77 billion. Kimberly-Clark had a net margin of 10.53% and a return on equity of 308.07%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $2.20 EPS. On average, sell-side analysts predict that Kimberly-Clark Co. will post 6.73 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 4th. Investors of record on Friday, September 10th will be given a $1.14 dividend. The ex-dividend date of this dividend is Thursday, September 9th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.39%. Kimberly-Clark’s dividend payout ratio is 58.91%.

A number of research firms have commented on KMB. Zacks Investment Research upgraded shares of Kimberly-Clark from a “sell” rating to a “hold” rating and set a $141.00 price target on the stock in a research report on Monday, June 28th. UBS Group started coverage on shares of Kimberly-Clark in a research report on Wednesday, June 23rd. They set a “neutral” rating and a $135.00 price objective on the stock. Royal Bank of Canada decreased their target price on shares of Kimberly-Clark from $137.00 to $135.00 and set a “sector perform” rating for the company in a research report on Monday, July 26th. Jefferies Financial Group upped their price objective on shares of Kimberly-Clark from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, July 19th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Kimberly-Clark from $137.00 to $139.00 and gave the stock a “hold” rating in a report on Friday, July 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $141.67.

Kimberly-Clark Profile

Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional (KCP). The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.

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

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