13,715 Shares in Kimberly-Clark Corporation $KMB Bought by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. acquired a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,715 shares of the company’s stock, valued at approximately $1,768,000. Kimberly-Clark comprises about 0.9% of Thompson Davis & CO. Inc.’s portfolio, making the stock its 13th biggest holding.

Several other hedge funds also recently added to or reduced their stakes in the stock. Investment Research & Advisory Group Inc. acquired a new stake in shares of Kimberly-Clark in the 2nd quarter valued at about $25,000. Princeton Global Asset Management LLC grew its stake in Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares in the last quarter. Winnow Wealth LLC bought a new stake in Kimberly-Clark in the second quarter valued at about $27,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the second quarter valued at approximately $27,000. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in Kimberly-Clark by 105.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after buying an additional 127 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 0.3%

Kimberly-Clark stock opened at $103.15 on Friday. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77. Kimberly-Clark Corporation has a one year low of $99.22 and a one year high of $150.45. The company has a 50-day simple moving average of $110.48 and a 200-day simple moving average of $123.25. The firm has a market capitalization of $34.23 billion, a P/E ratio of 17.45, a P/E/G ratio of 3.81 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same period in the previous year, the business posted $1.83 EPS. Kimberly-Clark’s revenue was up .1% on a year-over-year basis. As a group, equities analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Friday, December 5th. Kimberly-Clark’s dividend payout ratio is 85.28%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley decreased their target price on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 4th. TD Cowen decreased their price objective on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimberly-Clark in a research note on Monday, December 8th. Cowen reissued a “hold” rating on shares of Kimberly-Clark in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada reaffirmed an “overweight” rating and issued a $162.00 price target on shares of Kimberly-Clark in a report on Tuesday, October 28th. Three 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. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $126.00.

Kimberly-Clark 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.