Tompkins Financial Corp Sells 7,774 Shares of Kimberly-Clark Corporation $KMB

Tompkins Financial Corp trimmed its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 21.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 28,027 shares of the company’s stock after selling 7,774 shares during the quarter. Tompkins Financial Corp’s holdings in Kimberly-Clark were worth $2,828,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of KMB. Ulland Investment Advisors LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter valued at $161,000. Grove Bank & Trust boosted its stake in shares of Kimberly-Clark by 4.2% during the 4th quarter. Grove Bank & Trust now owns 4,018 shares of the company’s stock worth $405,000 after purchasing an additional 161 shares during the period. Nordea Investment Management AB grew its holdings in Kimberly-Clark by 13.7% during the 4th quarter. Nordea Investment Management AB now owns 2,774,290 shares of the company’s stock valued at $281,258,000 after purchasing an additional 334,598 shares during the last quarter. Occidental Asset Management LLC raised its position in Kimberly-Clark by 13.0% in the 4th quarter. Occidental Asset Management LLC now owns 17,718 shares of the company’s stock worth $1,788,000 after purchasing an additional 2,043 shares during the period. Finally, Tounjian Advisory Partners LLC raised its position in Kimberly-Clark by 3.2% in the 4th quarter. Tounjian Advisory Partners LLC now owns 8,712 shares of the company’s stock worth $879,000 after purchasing an additional 268 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $98.25 on Monday. Kimberly-Clark Corporation has a twelve month low of $96.26 and a twelve month high of $147.12. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. The stock has a fifty day simple moving average of $103.45 and a two-hundred day simple moving average of $108.93. The stock has a market capitalization of $32.61 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 3.49 and a beta of 0.24.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.81 by $0.05. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 earnings per share. On average, analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $1.28 per share. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a yield of 5.2%. Kimberly-Clark’s payout ratio is 84.35%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KMB shares. Barclays set a $102.00 target price on Kimberly-Clark in a research report on Friday, January 16th. TD Cowen reduced their price target on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday, January 8th. UBS Group boosted their price objective on Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Wells Fargo & Company set a $110.00 price objective on Kimberly-Clark in a research report on Tuesday, February 17th. Finally, Citigroup reduced their target price on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $116.42.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.64% of the company’s stock.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.