Kimberly-Clark Corporation $KMB Shares Purchased by Willis Investment Counsel

Willis Investment Counsel grew its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,140 shares of the company’s stock after purchasing an additional 9,900 shares during the quarter. Willis Investment Counsel owned about 0.06% of Kimberly-Clark worth $24,512,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KMB. Cloud Capital Management LLC acquired a new stake in Kimberly-Clark during the third quarter worth $25,000. True Wealth Design LLC grew its holdings in shares of Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares during the period. Princeton Global Asset Management LLC increased its position in shares of Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares during the last quarter. Winnow Wealth LLC purchased a new stake in Kimberly-Clark in the 2nd quarter valued at about $27,000. Finally, Darwin Wealth Management LLC acquired a new position in Kimberly-Clark in the second quarter valued at about $27,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $104.53 on Friday. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. The company has a market cap of $34.69 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 4.05 and a beta of 0.26. The stock’s 50-day moving average is $101.42 and its two-hundred day moving average is $114.74. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. The business 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 for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 earnings per share. Analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a dividend of $1.28 per share. The ex-dividend date is Friday, March 6th. 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 dividend yield of 4.9%. Kimberly-Clark’s payout ratio is presently 83.03%.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Argus upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Thursday, November 13th. TD Cowen dropped their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Citigroup decreased their price target on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Zacks Research raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Royal Bank Of Canada reiterated an “overweight” rating and issued a $162.00 price objective on shares of Kimberly-Clark in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $118.58.

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.