TIAA Trust National Association Lowers Holdings in Kimberly-Clark Co. (NYSE:KMB)

TIAA Trust National Association decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMBFree Report) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,474 shares of the company’s stock after selling 1,808 shares during the quarter. TIAA Trust National Association’s holdings in Kimberly-Clark were worth $2,974,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC raised its stake in shares of Kimberly-Clark by 123,302.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,430,158 shares of the company’s stock worth $601,394,000 after purchasing an additional 4,426,568 shares during the last quarter. Cowa LLC purchased a new position in shares of Kimberly-Clark in the first quarter worth $54,000. Norges Bank purchased a new position in shares of Kimberly-Clark in the fourth quarter worth $441,478,000. Imprint Wealth LLC raised its stake in shares of Kimberly-Clark by 13,781.2% in the second quarter. Imprint Wealth LLC now owns 2,763,613 shares of the company’s stock worth $276,361,000 after purchasing an additional 2,743,704 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Kimberly-Clark by 74.9% in the third quarter. FMR LLC now owns 2,442,610 shares of the company’s stock worth $295,189,000 after purchasing an additional 1,046,155 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity

In other Kimberly-Clark news, Director Mark T. Smucker acquired 827 shares of the stock in a transaction dated Monday, January 29th. The shares were acquired at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the transaction, the director now directly owns 827 shares of the company’s stock, valued at $100,050.46. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Mark T. Smucker bought 827 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the transaction, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tristram Wilkinson sold 3,720 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the sale, the insider now owns 17,229 shares in the company, valued at $2,084,709. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $127.69 on Wednesday. The stock has a 50-day simple moving average of $122.88 and a two-hundred day simple moving average of $122.03. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $147.87. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82. The firm has a market capitalization of $43.02 billion, a PE ratio of 24.56, a P/E/G ratio of 3.95 and a beta of 0.40.

Kimberly-Clark (NYSE:KMBGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the firm posted $1.54 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. Analysts forecast that Kimberly-Clark Co. will post 6.83 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.82%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. The ex-dividend date was Thursday, March 7th. Kimberly-Clark’s payout ratio is presently 93.85%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KMB shares. Royal Bank of Canada restated a “sector perform” rating and issued a $123.00 price target on shares of Kimberly-Clark in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Bank of America lowered Kimberly-Clark from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $135.00 to $115.00 in a report on Friday, December 15th. Barclays cut their price objective on Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating for the company in a report on Friday, January 26th. Finally, The Goldman Sachs Group initiated coverage on Kimberly-Clark in a report on Friday, March 1st. They issued a “buy” rating and a $135.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $132.27.

Read Our Latest Stock Analysis on Kimberly-Clark

About Kimberly-Clark

(Free Report)

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.

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

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