Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB raised its holdings in Kimberly-Clark Co. (NYSE:KMB) by 81.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,449 shares of the company’s stock after buying an additional 17,220 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Kimberly-Clark were worth $5,471,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of KMB. World Investment Advisors LLC lifted its position in shares of Kimberly-Clark by 50.4% during the 3rd quarter. World Investment Advisors LLC now owns 4,920 shares of the company’s stock worth $700,000 after buying an additional 1,648 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Kimberly-Clark by 99.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 66,474 shares of the company’s stock worth $9,201,000 after acquiring an additional 33,102 shares in the last quarter. Tudor Financial Inc. acquired a new position in Kimberly-Clark in the third quarter valued at $280,000. Chelsea Counsel Co. grew its stake in Kimberly-Clark by 2.4% during the 3rd quarter. Chelsea Counsel Co. now owns 12,870 shares of the company’s stock worth $1,847,000 after buying an additional 300 shares during the last quarter. Finally, Passumpsic Savings Bank purchased a new position in shares of Kimberly-Clark during the third quarter worth approximately $212,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Up 0.2 %

KMB opened at $130.89 on Friday. The business has a 50-day moving average of $137.27 and a two-hundred day moving average of $139.31. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The stock has a market capitalization of $43.65 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 2.74 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter last year, the firm earned $1.74 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, research analysts expect that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s payout ratio is 63.29%.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of several recent research reports. Barclays increased their price target on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. UBS Group lowered their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. lowered their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $149.93.

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.