Tyche Wealth Partners LLC Has $492,000 Position in Kimberly-Clark Co. (NYSE:KMB)

Tyche Wealth Partners LLC trimmed its position in Kimberly-Clark Co. (NYSE:KMB) by 6.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,456 shares of the company’s stock after selling 235 shares during the period. Tyche Wealth Partners LLC’s holdings in Kimberly-Clark were worth $492,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Kimberly-Clark by 15.1% during the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock worth $4,605,079,000 after purchasing an additional 4,603,787 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Kimberly-Clark by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company’s stock worth $1,387,709,000 after buying an additional 529,223 shares during the period. Geode Capital Management LLC lifted its holdings in Kimberly-Clark by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company’s stock worth $1,113,444,000 after acquiring an additional 797,953 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Kimberly-Clark by 5.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company’s stock valued at $986,616,000 after acquiring an additional 417,118 shares during the period. Finally, Invesco Ltd. grew its stake in Kimberly-Clark by 21.9% in the fourth quarter. Invesco Ltd. now owns 5,653,751 shares of the company’s stock valued at $740,868,000 after acquiring an additional 1,015,141 shares during the period. Institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In related news, insider Katy Chen sold 740 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the transaction, the insider now owns 3,997 shares in the company, valued at approximately $518,410.90. This represents a 15.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KMB shares. JPMorgan Chase & Co. raised their price target on Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a research report on Friday, April 11th. Evercore ISI lowered their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company upped their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, March 28th. Piper Sandler dropped their target price on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Finally, Wall Street Zen cut Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $143.50.

Kimberly-Clark Price Performance

NYSE:KMB opened at $129.95 on Wednesday. The stock has a market capitalization of $43.12 billion, a PE ratio of 17.21, a P/E/G ratio of 4.46 and a beta of 0.38. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The firm has a fifty day simple moving average of $135.48 and a 200 day simple moving average of $134.82. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

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

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be paid a $1.26 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.88%. Kimberly-Clark’s dividend payout ratio is 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.