TIAA Trust National Association Lowers Holdings in Kimberly-Clark Corporation $KMB

TIAA Trust National Association trimmed its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 20.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,869 shares of the company’s stock after selling 6,024 shares during the quarter. TIAA Trust National Association’s holdings in Kimberly-Clark were worth $2,408,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Godfrey Financial Associates Inc. purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the 2nd quarter worth $27,000. Eagle Bay Advisors LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth $28,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of Kimberly-Clark by 96.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after buying an additional 140 shares during the period. Finally, Entrust Financial LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth $32,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

NASDAQ KMB opened at $101.58 on Thursday. The firm’s fifty day simple moving average is $97.59 and its two-hundred day simple moving average is $100.98. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $137.46. The firm has a market capitalization of $33.72 billion, a P/E ratio of 15.95, a P/E/G ratio of 4.51 and a beta of 0.28.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period last year, the business posted $1.93 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. Analysts forecast that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $1.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a yield of 5.0%. Kimberly-Clark’s dividend payout ratio (DPR) is 80.38%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katy Chen sold 1,596 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the sale, the insider owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Bank of America decreased their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, April 10th. UBS Group upped their price objective on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $114.93.

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.