Tidal Investments LLC Has $4.83 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Tidal Investments LLC grew its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 8.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 36,872 shares of the company’s stock after buying an additional 2,925 shares during the quarter. Tidal Investments LLC’s holdings in Kimberly-Clark were worth $4,832,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of KMB. SageView Advisory Group LLC boosted its holdings in shares of Kimberly-Clark by 4.5% in the 4th quarter. SageView Advisory Group LLC now owns 1,706 shares of the company’s stock worth $224,000 after acquiring an additional 74 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in Kimberly-Clark by 0.5% in the fourth quarter. OneDigital Investment Advisors LLC now owns 14,559 shares of the company’s stock worth $1,908,000 after purchasing an additional 78 shares in the last quarter. Confluence Wealth Services Inc. boosted its stake in Kimberly-Clark by 5.1% in the fourth quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock worth $208,000 after purchasing an additional 80 shares in the last quarter. YHB Investment Advisors Inc. grew its holdings in shares of Kimberly-Clark by 3.4% during the fourth quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company’s stock worth $330,000 after purchasing an additional 83 shares during the last quarter. Finally, Ascent Wealth Partners LLC increased its stake in shares of Kimberly-Clark by 1.0% in the fourth quarter. Ascent Wealth Partners LLC now owns 9,321 shares of the company’s stock valued at $1,221,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the sale, the insider now directly owns 3,997 shares in the company, valued at approximately $518,410.90. This trade represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the transaction, the vice president now directly owns 7,720 shares of the company’s stock, valued at $1,088,520. This trade represents a 58.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,872 shares of company stock worth $2,208,684. Insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

KMB has been the topic of several research reports. Piper Sandler reduced their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada dropped their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. increased their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a research note on Friday, April 11th. Evercore ISI lowered their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, March 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $145.08.

Kimberly-Clark Trading Up 0.6%

Shares of NYSE KMB opened at $141.60 on Wednesday. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The firm has a market capitalization of $46.99 billion, a P/E ratio of 18.75, a P/E/G ratio of 4.46 and a beta of 0.35. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company’s 50 day simple moving average is $137.14 and its 200 day simple moving average is $134.85.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the business posted $2.01 EPS. On average, analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Friday, June 6th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 68.66%.

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.