Godsey & Gibb Inc. Boosts Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Godsey & Gibb Inc. raised its stake in Kimberly-Clark Co. (NYSE:KMB) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 145,166 shares of the company’s stock after purchasing an additional 687 shares during the quarter. Kimberly-Clark accounts for 1.9% of Godsey & Gibb Inc.’s investment portfolio, making the stock its 28th biggest holding. Godsey & Gibb Inc.’s holdings in Kimberly-Clark were worth $19,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Kimberly-Clark by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after acquiring an additional 354,501 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in Kimberly-Clark by 28.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 2,069 shares of the company’s stock valued at $288,000 after purchasing an additional 458 shares in the last quarter. Renaissance Technologies LLC increased its position in Kimberly-Clark by 3.7% during the 2nd quarter. Renaissance Technologies LLC now owns 440,592 shares of the company’s stock worth $60,890,000 after purchasing an additional 15,700 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $731,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Kimberly-Clark by 31.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 36,820 shares of the company’s stock valued at $5,027,000 after buying an additional 8,914 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the sale, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $125.60 on Thursday. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The company has a market capitalization of $41.89 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 2.76 and a beta of 0.41. The stock has a fifty day moving average of $132.77 and a two-hundred day moving average of $138.22. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter last year, the business posted $1.74 EPS. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, analysts anticipate that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.89%. Kimberly-Clark’s payout ratio is currently 63.29%.

Analysts Set New Price Targets

Several research analysts have issued reports on KMB shares. JPMorgan Chase & Co. cut their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. Citigroup decreased their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Finally, Barclays boosted their price target on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $147.07.

Kimberly-Clark Company Profile

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