Violich Capital Management Inc. Raises Stake in Kimberly-Clark Co. (NYSE:KMB)

Violich Capital Management Inc. lifted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 11.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 23,367 shares of the company’s stock after purchasing an additional 2,325 shares during the period. Violich Capital Management Inc.’s holdings in Kimberly-Clark were worth $3,325,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Penn Davis Mcfarland Inc. boosted its stake in shares of Kimberly-Clark by 735.4% during the third quarter. Penn Davis Mcfarland Inc. now owns 13,817 shares of the company’s stock valued at $1,966,000 after purchasing an additional 12,163 shares during the period. Godsey & Gibb Inc. grew its holdings in Kimberly-Clark by 2.1% in the 3rd quarter. Godsey & Gibb Inc. now owns 144,479 shares of the company’s stock worth $20,556,000 after acquiring an additional 2,906 shares during the last quarter. Vest Financial LLC increased its position in shares of Kimberly-Clark by 6.5% in the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after acquiring an additional 21,339 shares during the period. Cyndeo Wealth Partners LLC raised its stake in shares of Kimberly-Clark by 4.8% during the third quarter. Cyndeo Wealth Partners LLC now owns 5,297 shares of the company’s stock valued at $754,000 after acquiring an additional 241 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI boosted its holdings in shares of Kimberly-Clark by 0.9% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 117,597 shares of the company’s stock worth $16,732,000 after purchasing an additional 1,062 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Down 0.5 %

Kimberly-Clark stock opened at $145.41 on Monday. Kimberly-Clark Co. has a 12 month low of $116.63 and a 12 month high of $149.30. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. The business’s fifty day simple moving average is $143.15 and its two-hundred day simple moving average is $138.46. The company has a market capitalization of $48.96 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.71 by $0.25. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. Kimberly-Clark’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.65 EPS. As a group, equities analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 89.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KMB shares. Argus raised Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Barclays raised 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. Wells Fargo & Company decreased their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price objective on Kimberly-Clark from $137.00 to $142.00 and gave the company an “underweight” rating in a research report on Friday, October 11th. Finally, StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $149.14.

Insider Buying and Selling

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares in the company, valued at $2,819,207.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.

About Kimberly-Clark

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.