Tucker Asset Management LLC Trims Position in Kimberly-Clark Co. (NYSE:KMB)

Tucker Asset Management LLC cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,050 shares of the company’s stock after selling 263 shares during the quarter. Tucker Asset Management LLC’s holdings in Kimberly-Clark were worth $492,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. raised its position in Kimberly-Clark by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after buying an additional 641,187 shares during the last quarter. Morgan Stanley increased its holdings in shares of Kimberly-Clark by 4.6% during the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock valued at $590,345,000 after purchasing an additional 212,739 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Kimberly-Clark by 4.0% during the 3rd quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock valued at $489,650,000 after purchasing an additional 155,066 shares in the last quarter. Norges Bank purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at approximately $437,420,000. Finally, Federated Hermes Inc. increased its holdings in shares of Kimberly-Clark by 4.5% during the 3rd quarter. Federated Hermes Inc. now owns 3,434,571 shares of the company’s stock valued at $415,068,000 after purchasing an additional 148,076 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kimberly-Clark

In related news, insider Doug Cunningham sold 3,833 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $136.82, for a total value of $524,431.06. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the sale, the insider now directly owns 795 shares in the company, valued at $109,050.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Doug Cunningham sold 3,833 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $136.82, for a total transaction of $524,431.06. The disclosure for this sale can be found here. Insiders have sold a total of 24,395 shares of company stock worth $3,332,776 in the last quarter. Company insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on KMB. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $133.00 to $150.00 in a report on Thursday, March 28th. UBS Group lifted their target price on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. The Goldman Sachs Group lifted their price target on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Barclays lifted their price target on shares of Kimberly-Clark from $132.00 to $136.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Finally, HSBC lifted their price target on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $141.31.

Kimberly-Clark Price Performance

KMB traded up $0.06 on Friday, hitting $139.49. 1,736,313 shares of the company’s stock were exchanged, compared to its average volume of 2,018,467. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $139.93. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The firm has a 50-day moving average price of $133.10 and a 200-day moving average price of $126.30. The stock has a market cap of $46.97 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 3.72 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the previous year, the firm earned $1.67 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.06 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, June 7th. This represents a $4.88 annualized dividend and a dividend yield of 3.50%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

About Kimberly-Clark

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.