TABR Capital Management LLC Acquires New Position in Kimberly-Clark Corporation $KMB

Key Points

• TABR Capital Management initiated a new position in Kimberly-Clark in Q4, buying 11,200 shares valued at about $1.13 million, and institutional investors now own roughly 76.29% of the stock.
• Kimberly-Clark increased its quarterly dividend to $1.28 (from $1.26), representing a $5.12 annualized payout and a 5.2% yield with an ex-dividend date of March 6 and payment on April 2.
• In the most recent quarter the company reported $1.86 EPS (beating estimates by $0.05) but revenue of $4.08 billion slightly missed expectations, and analysts maintain a consensus "Hold" rating with a $116.42 average target price.

TABR Capital Management LLC bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,200 shares of the company's stock, valued at approximately $1,130,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KMB. Cloud Capital Management LLC bought a new stake in shares of Kimberly-Clark in the 3rd quarter worth approximately $25,000. True Wealth Design LLC raised its position in Kimberly-Clark by 177.6% in the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company's stock worth $26,000 after purchasing an additional 135 shares during the period. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark in the 2nd quarter worth $27,000. Vermillion & White Wealth Management Group LLC lifted its stake in Kimberly-Clark by 105.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company's stock worth $32,000 after purchasing an additional 127 shares during the last quarter. Finally, Investors Research Corp purchased a new stake in Kimberly-Clark during the fourth quarter valued at about $33,000. 76.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Kimberly-Clark in a research note on Monday, December 29th. BNP Paribas Exane reissued a "neutral" rating and issued a $110.00 target price on shares of Kimberly-Clark in a research note on Monday, December 1st. TD Cowen dropped their target price on Kimberly-Clark from $112.00 to $105.00 and set a "hold" rating for the company in a report on Thursday, January 8th. Wells Fargo & Company set a $110.00 price target on Kimberly-Clark in a research note on Tuesday, February 17th. Finally, Citigroup lowered their price objective on Kimberly-Clark from $95.00 to $90.00 and set a "sell" rating for the company in a research report on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $116.42.

Kimberly-Clark Price Performance

KMB stock opened at $98.25 on Monday. The stock has a market capitalization of $32.61 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 3.49 and a beta of 0.24. The firm's 50-day moving average price is $103.45 and its two-hundred day moving average price is $108.93. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. Kimberly-Clark Corporation has a 12-month low of $96.26 and a 12-month high of $147.12.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last posted its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.81 by $0.05. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. Kimberly-Clark's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 earnings per share. As a group, equities analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a $1.28 dividend. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.26. The ex-dividend date is Friday, March 6th. This represents a $5.12 annualized dividend and a yield of 5.2%. Kimberly-Clark's dividend payout ratio (DPR) is 84.35%.

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.

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