BB&T Corp Has $14.01 Million Position in Kimberly Clark Corp (KMB)

BB&T Corp boosted its position in Kimberly Clark Corp (NYSE:KMB) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 122,939 shares of the company’s stock after buying an additional 2,446 shares during the quarter. BB&T Corp’s holdings in Kimberly Clark were worth $14,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in KMB. Stillwater Investment Management LLC boosted its stake in Kimberly Clark by 0.8% during the fourth quarter. Stillwater Investment Management LLC now owns 15,358 shares of the company’s stock valued at $1,750,000 after buying an additional 129 shares during the period. Reynders McVeigh Capital Management LLC lifted its stake in Kimberly Clark by 2.8% during the third quarter. Reynders McVeigh Capital Management LLC now owns 6,039 shares of the company’s stock worth $686,000 after purchasing an additional 167 shares during the last quarter. Tompkins Financial Corp lifted its stake in Kimberly Clark by 0.8% during the fourth quarter. Tompkins Financial Corp now owns 25,045 shares of the company’s stock worth $2,853,000 after purchasing an additional 211 shares during the last quarter. BKD Wealth Advisors LLC lifted its stake in Kimberly Clark by 4.6% during the fourth quarter. BKD Wealth Advisors LLC now owns 4,917 shares of the company’s stock worth $560,000 after purchasing an additional 217 shares during the last quarter. Finally, NewSquare Capital LLC lifted its stake in Kimberly Clark by 1.3% during the fourth quarter. NewSquare Capital LLC now owns 18,353 shares of the company’s stock worth $2,091,000 after purchasing an additional 232 shares during the last quarter. 73.58% of the stock is owned by institutional investors and hedge funds.

In other Kimberly Clark news, VP Michael T. Azbell sold 13,565 shares of the company’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $115.00, for a total transaction of $1,559,975.00. Following the transaction, the vice president now owns 6,432 shares in the company, valued at approximately $739,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony J. Palmer sold 6,122 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $115.11, for a total value of $704,703.42. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.

KMB opened at $116.09 on Thursday. Kimberly Clark Corp has a 12 month low of $97.10 and a 12 month high of $120.48. The stock has a market capitalization of $39.97 billion, a PE ratio of 17.56, a P/E/G ratio of 3.20 and a beta of 0.57. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Wednesday, January 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.08). Kimberly Clark had a net margin of 7.63% and a return on equity of 1,156.45%. The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts predict that Kimberly Clark Corp will post 6.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th will be issued a dividend of $1.03 per share. This is an increase from Kimberly Clark’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.55%. Kimberly Clark’s dividend payout ratio is 60.51%.

Several brokerages have issued reports on KMB. BNP Paribas began coverage on Kimberly Clark in a research note on Monday. They set an “outperform” rating and a $130.00 price target for the company. Exane BNP Paribas began coverage on Kimberly Clark in a research note on Tuesday. They set an “outperform” rating and a $130.00 price target for the company. Zacks Investment Research lowered Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Barclays reaffirmed a “hold” rating and set a $109.00 price target on shares of Kimberly Clark in a research note on Friday, January 25th. Finally, Morgan Stanley lifted their price objective on Kimberly Clark from $113.00 to $124.00 and gave the stock an “equal weight” rating in a report on Tuesday. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $113.19.

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Kimberly Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

Featured Story: Balance Sheet

Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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