Thompson Davis & CO. Inc. Purchases Shares of 13,715 Kimberly-Clark Corporation $KMB

by · The Markets Daily

Thompson Davis & CO. Inc. acquired a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,715 shares of the company’s stock, valued at approximately $1,768,000. Kimberly-Clark accounts for approximately 0.9% of Thompson Davis & CO. Inc.’s holdings, making the stock its 13th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Investment Research & Advisory Group Inc. acquired a new position in Kimberly-Clark in the second quarter valued at $25,000. Princeton Global Asset Management LLC raised its holdings in shares of Kimberly-Clark by 989.5% in 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 period. Winnow Wealth LLC purchased a new position in shares of Kimberly-Clark in the 2nd quarter worth about $27,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at about $27,000. Finally, Vermillion & White Wealth Management Group LLC grew its holdings in shares of 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 purchasing an additional 127 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on KMB shares. Citigroup cut their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a report on Thursday, October 9th. 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 research note on Friday, October 31st. Piper Sandler cut their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Royal Bank Of Canada reaffirmed an “overweight” rating and set a $162.00 price target on shares of Kimberly-Clark in a research report on Tuesday, October 28th. Finally, Wells Fargo & Company lowered their price target on Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $126.00.

Get Our Latest Stock Report on KMB

Kimberly-Clark Trading Down 0.3%

NASDAQ KMB opened at $103.15 on Friday. The stock has a market cap of $34.23 billion, a P/E ratio of 17.45, a PEG ratio of 3.81 and a beta of 0.25. The company’s fifty day simple moving average is $110.48 and its 200-day simple moving average is $123.25. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41. Kimberly-Clark Corporation has a 52 week low of $99.22 and a 52 week high of $150.45.

Kimberly-Clark (NASDAQ:KMB – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the firm posted $1.83 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. Equities research analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

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

Kimberly-Clark Company Profile

(Free Report)

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.

Further Reading

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