Kanawha Capital Management LLC Has $3.21 Million Holdings in Kimberly-Clark Corporation $KMB

Kanawha Capital Management LLC decreased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,828 shares of the company’s stock after selling 5,477 shares during the quarter. Kanawha Capital Management LLC’s holdings in Kimberly-Clark were worth $3,211,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cloud Capital Management LLC acquired a new stake in shares of Kimberly-Clark during the third quarter worth $25,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the second quarter valued at approximately $27,000. True Wealth Design LLC increased its stake 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. Eagle Bay Advisors LLC acquired a new stake in Kimberly-Clark in the fourth quarter worth $28,000. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of Kimberly-Clark by 96.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after purchasing an additional 140 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on KMB. UBS Group decreased their price target on shares of Kimberly-Clark from $110.00 to $105.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Citigroup lowered their target price on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research note on Wednesday, January 14th. Bank of America reduced their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $114.86.

Kimberly-Clark Price Performance

NASDAQ:KMB opened at $96.75 on Thursday. The stock’s 50-day simple moving average is $101.61 and its 200 day simple moving average is $104.51. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $144.30. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The company has a market cap of $32.11 billion, a P/E ratio of 15.94, a P/E/G ratio of 3.71 and a beta of 0.28.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.05. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business’s revenue was down .6% compared to the same quarter last year. During the same period last year, the company earned $1.50 earnings per share. As a group, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.54 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th were paid a $1.28 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Friday, March 6th. Kimberly-Clark’s dividend payout ratio is 84.35%.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.75% of the stock is currently owned by company insiders.

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.