Penn Davis Mcfarland Inc. Purchases 73,410 Shares of Kimberly-Clark Corporation $KMB

Penn Davis Mcfarland Inc. lifted its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 533.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 87,170 shares of the company’s stock after purchasing an additional 73,410 shares during the period. Kimberly-Clark comprises approximately 0.8% of Penn Davis Mcfarland Inc.’s holdings, making the stock its 25th biggest position. Penn Davis Mcfarland Inc.’s holdings in Kimberly-Clark were worth $8,795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cloud Capital Management LLC bought a new stake in Kimberly-Clark during the third quarter valued at approximately $25,000. True Wealth Design LLC raised its position in Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares during the period. Darwin Wealth Management LLC bought a new position in Kimberly-Clark in the second quarter worth approximately $27,000. Investors Research Corp purchased a new position in shares of Kimberly-Clark during the 4th quarter worth $33,000. Finally, West Oak Capital LLC grew its position in shares of Kimberly-Clark by 69.7% during the 3rd quarter. West Oak Capital LLC now owns 280 shares of the company’s stock valued at $35,000 after acquiring an additional 115 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Up 1.1%

Shares of KMB stock opened at $97.57 on Thursday. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. Kimberly-Clark Corporation has a one year low of $94.54 and a one year high of $147.12. The company’s fifty day moving average price is $103.23 and its 200-day moving average price is $107.33. The company has a market capitalization of $32.39 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 3.54 and a beta of 0.24.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the prior year, the firm posted $1.50 EPS. Kimberly-Clark’s quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts expect that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. Kimberly-Clark’s dividend payout ratio is currently 84.35%.

Wall Street Analyst Weigh In

Several research firms have recently commented on KMB. Barclays set a $102.00 price objective on Kimberly-Clark in a research note on Friday, January 16th. Piper Sandler cut their price target on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Citigroup decreased their price objective 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. Finally, UBS Group lifted their price objective on Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $115.85.

Kimberly-Clark Company 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.