TCI Wealth Advisors Inc. lowered its position in Kimberly Clark Corp (NYSE:KMB) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,344 shares of the company’s stock after selling 297 shares during the period. Kimberly Clark comprises 1.0% of TCI Wealth Advisors Inc.’s holdings, making the stock its 20th largest position. TCI Wealth Advisors Inc.’s holdings in Kimberly Clark were worth $2,090,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Moody National Bank Trust Division acquired a new position in shares of Kimberly Clark during the 4th quarter worth about $27,000. Meeder Asset Management Inc. acquired a new position in shares of Kimberly Clark during the 4th quarter worth about $33,000. IMS Capital Management acquired a new position in shares of Kimberly Clark during the 3rd quarter worth about $44,000. Exchange Capital Management Inc. boosted its stake in shares of Kimberly Clark by 800.0% during the 3rd quarter. Exchange Capital Management Inc. now owns 900 shares of the company’s stock worth $102,000 after buying an additional 800 shares during the last quarter. Finally, Arlington Partners LLC acquired a new position in shares of Kimberly Clark during the 3rd quarter worth about $114,000. Institutional investors and hedge funds own 71.84% of the company’s stock.
In other news, SVP Jeffrey P. Melucci sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $111.18, for a total transaction of $111,180.00. Following the transaction, the senior vice president now directly owns 4,132 shares of the company’s stock, valued at $459,395.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael T. Azbell sold 13,565 shares of the firm’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 directly owns 6,432 shares in the company, valued at $739,680. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.
A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley set a $107.00 price objective on shares of Kimberly Clark and gave the stock a “sell” rating in a research note on Thursday, December 20th. JPMorgan Chase & Co. upgraded shares of Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 price objective for the company in a research note on Friday. Deutsche Bank downgraded shares of Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 target price for the company. in a research note on Wednesday, October 10th. Finally, ValuEngine upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $109.21.
Shares of KMB stock opened at $116.87 on Friday. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.75 and a quick ratio of 0.49. The company has a market cap of $39.61 billion, a price-to-earnings ratio of 17.38, a P/E/G ratio of 2.73 and a beta of 0.61. Kimberly Clark Corp has a 12-month low of $97.10 and a 12-month high of $123.50.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Monday, October 22nd. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.07. The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.52 billion. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the business posted $1.60 earnings per share. On average, sell-side analysts anticipate that Kimberly Clark Corp will post 6.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 3rd. Shareholders of record on Friday, December 7th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, December 6th. This represents a $4.00 annualized dividend and a yield of 3.42%. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.21%.
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About Kimberly Clark
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.
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