TCI Wealth Advisors Inc. Lowers Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

TCI Wealth Advisors Inc. lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,094 shares of the company’s stock after selling 554 shares during the period. TCI Wealth Advisors Inc.’s holdings in Kimberly-Clark were worth $2,442,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KMB. Charles Schwab Investment Management Inc. raised its position in shares of Kimberly-Clark by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock worth $869,090,000 after purchasing an additional 177,712 shares during the last quarter. American Century Companies Inc. increased its position in shares of Kimberly-Clark by 14.7% during the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after acquiring an additional 641,187 shares in the last quarter. Morgan Stanley raised its holdings in Kimberly-Clark by 4.6% in the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after acquiring an additional 212,739 shares during the last quarter. Northern Trust Corp lifted its position in Kimberly-Clark by 4.0% in the 3rd quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock valued at $489,650,000 after acquiring an additional 155,066 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in 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 during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KMB. UBS Group upped their price target on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Bank of America increased their price objective on shares of Kimberly-Clark from $110.00 to $115.00 and gave the company an “underperform” rating in a research report on Wednesday, April 24th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Wells Fargo & Company lifted their price objective on Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $134.85.

Kimberly-Clark Price Performance

Shares of KMB stock traded down $0.41 on Friday, hitting $136.09. 1,907,297 shares of the stock traded hands, compared to its average volume of 2,559,916. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $146.15. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. The firm has a market cap of $45.82 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 3.87 and a beta of 0.38. The firm has a 50 day simple moving average of $127.48 and a two-hundred day simple moving average of $123.44.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (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 firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter last year, the business posted $1.67 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. As a group, equities research analysts predict that Kimberly-Clark Co. will post 7 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Insider Buying and Selling

In other news, insider Katy Chen sold 454 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $135.24, for a total transaction of $61,398.96. Following the completion of the transaction, the insider now owns 520 shares in the company, valued at $70,324.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the transaction, the insider now directly owns 795 shares of the company’s stock, valued at approximately $109,050.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Katy Chen sold 454 shares of Kimberly-Clark stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $135.24, for a total value of $61,398.96. Following the completion of the transaction, the insider now owns 520 shares of the company’s stock, valued at approximately $70,324.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,562 shares of company stock worth $2,808,345. 0.62% of the stock is owned by insiders.

Kimberly-Clark Profile

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.