TCI Wealth Advisors Inc. Sells 554 Shares of Kimberly-Clark Co. (NYSE:KMB)

TCI Wealth Advisors Inc. reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,094 shares of the company’s stock after selling 554 shares during the quarter. 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 recently added to or reduced their stakes in the company. Cranbrook Wealth Management LLC lifted its holdings in Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Kimberly-Clark during the 3rd quarter worth about $25,000. Centerpoint Advisors LLC grew its stake in Kimberly-Clark by 175.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock valued at $33,000 after buying an additional 175 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in Kimberly-Clark in the 4th quarter valued at about $35,000. Finally, Bruce G. Allen Investments LLC bought a new position in Kimberly-Clark in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the stock in a transaction dated Wednesday, April 24th. The stock was 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 in the company, valued at $109,050.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total value of $342,075.00. Following the sale, the vice president now owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares of the company’s stock, valued at $109,050.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,562 shares of company stock worth $2,808,345. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB stock traded down $0.41 during trading hours on Friday, reaching $136.09. The company’s stock had a trading volume of 1,907,297 shares, compared to its average volume of 2,559,916. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $146.15. The company has a market capitalization 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’s 50 day simple moving average is $127.48 and its 200-day simple moving average is $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, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the previous year, the business posted $1.67 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Kimberly-Clark Announces Dividend

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

Analyst Ratings Changes

KMB has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 24th. Royal Bank of Canada increased their price objective on Kimberly-Clark from $123.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 24th. Piper Sandler boosted their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Barclays raised their price target on shares of Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group boosted their price objective on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $134.85.

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.