Rench Wealth Management Inc. Has $3.82 Million Holdings in Kimberly Clark Corp (KMB)

Rench Wealth Management Inc. boosted its stake in Kimberly Clark Corp (NYSE:KMB) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,680 shares of the company’s stock after purchasing an additional 3,629 shares during the quarter. Kimberly Clark makes up 2.5% of Rench Wealth Management Inc.’s investment portfolio, making the stock its 20th largest position. Rench Wealth Management Inc.’s holdings in Kimberly Clark were worth $3,822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Coldstream Capital Management Inc. boosted its position in shares of Kimberly Clark by 0.3% during the 2nd quarter. Coldstream Capital Management Inc. now owns 1,597 shares of the company’s stock valued at $206,000 after acquiring an additional 5 shares during the last quarter. Mosaic Family Wealth LLC boosted its position in shares of Kimberly Clark by 0.5% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after acquiring an additional 6 shares during the last quarter. Winch Advisory Services LLC boosted its position in shares of Kimberly Clark by 0.6% during the 2nd quarter. Winch Advisory Services LLC now owns 1,404 shares of the company’s stock valued at $181,000 after acquiring an additional 8 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in shares of Kimberly Clark by 0.6% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 2,480 shares of the company’s stock valued at $320,000 after acquiring an additional 14 shares during the last quarter. Finally, Omnia Family Wealth LLC boosted its position in shares of Kimberly Clark by 1.7% during the 2nd quarter. Omnia Family Wealth LLC now owns 1,679 shares of the company’s stock valued at $218,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.

Kimberly Clark Corp (NYSE KMB) opened at $112.66 on Wednesday. The firm has a market capitalization of $39,864.79, a PE ratio of 18.25, a P/E/G ratio of 2.06 and a beta of 0.66. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 7.34. Kimberly Clark Corp has a 1-year low of $109.51 and a 1-year high of $136.21.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. The company had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. Kimberly Clark’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm posted $1.45 EPS. research analysts anticipate that Kimberly Clark Corp will post 6.98 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.55%. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, March 8th. Kimberly Clark’s dividend payout ratio (DPR) is currently 60.53%.

A number of brokerages have recently issued reports on KMB. Citigroup set a $112.00 price target on Kimberly Clark and gave the company a “sell” rating in a research report on Wednesday, January 24th. Zacks Investment Research downgraded Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Deutsche Bank began coverage on Kimberly Clark in a research report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price target for the company. Societe Generale upgraded Kimberly Clark from a “hold” rating to a “buy” rating and lifted their price target for the company from $112.05 to $144.00 in a research report on Thursday, November 2nd. Finally, Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. Kimberly Clark presently has a consensus rating of “Hold” and a consensus price target of $126.44.

In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of Kimberly Clark stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $119.77, for a total value of $2,773,633.66. Following the transaction, the insider now directly owns 31,141 shares of the company’s stock, valued at approximately $3,729,757.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is owned by insiders.

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Kimberly Clark Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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

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