Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Tucker Asset Management LLC

Tucker Asset Management LLC cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 19.9% in the fourth quarter, HoldingsChannel reports. The firm owned 1,366 shares of the company’s stock after selling 339 shares during the period. Tucker Asset Management LLC’s holdings in Kimberly-Clark were worth $179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in Kimberly-Clark by 3.2% during the third quarter. FMR LLC now owns 572,463 shares of the company’s stock worth $81,450,000 after acquiring an additional 17,919 shares during the period. Townsquare Capital LLC increased its holdings in shares of Kimberly-Clark by 9.5% during the 3rd quarter. Townsquare Capital LLC now owns 47,484 shares of the company’s stock valued at $6,756,000 after purchasing an additional 4,110 shares in the last quarter. Glenmede Trust Co. NA grew its position in Kimberly-Clark by 32.8% during the third quarter. Glenmede Trust Co. NA now owns 63,517 shares of the company’s stock valued at $9,037,000 after buying an additional 15,693 shares during the period. CreativeOne Wealth LLC increased its holdings in Kimberly-Clark by 42.9% in the third quarter. CreativeOne Wealth LLC now owns 14,128 shares of the company’s stock valued at $2,010,000 after buying an additional 4,243 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Kimberly-Clark by 0.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,258 shares of the company’s stock valued at $385,900,000 after purchasing an additional 20,953 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Up 0.1 %

Shares of KMB stock opened at $140.73 on Friday. The company has a 50-day moving average of $136.12 and a two-hundred day moving average of $136.05. The firm has a market cap of $46.67 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a 1-year low of $123.84 and a 1-year high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a $1.26 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s payout ratio is currently 66.75%.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the sale, the vice president now owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on KMB. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. Barclays upped their price target on shares of Kimberly-Clark from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday. Citigroup lowered their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $144.85.

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.