Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Tidal Investments LLC

Tidal Investments LLC raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,947 shares of the company’s stock after acquiring an additional 2,993 shares during the period. Tidal Investments LLC’s holdings in Kimberly-Clark were worth $4,830,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in KMB. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark during the second quarter valued at $26,000. New Millennium Group LLC purchased a new position in shares of Kimberly-Clark during the 2nd quarter valued at about $28,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the 3rd quarter valued at about $29,000. Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark in the second quarter worth about $32,000. Finally, DiNuzzo Private Wealth Inc. boosted its stake in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Trading Up 0.3 %

Shares of KMB opened at $131.34 on Friday. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The stock has a market cap of $43.80 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 2.74 and a beta of 0.40. The firm’s fifty day moving average is $137.08 and its two-hundred day moving average is $139.30. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Kimberly-Clark’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.74 earnings per share. Research analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.72%. Kimberly-Clark’s payout ratio is 63.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KMB. UBS Group decreased their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. lowered their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Finally, Barclays lifted their price target on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Profile

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.