Tounjian Advisory Partners LLC Takes Position in Kimberly-Clark Co. (NYSE:KMB)

Tounjian Advisory Partners LLC acquired a new stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,286 shares of the company's stock, valued at approximately $1,179,000.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake 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 valued at $4,605,079,000 after purchasing an additional 4,603,787 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Kimberly-Clark by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company's stock valued at $1,387,709,000 after purchasing an additional 529,223 shares during the period. Geode Capital Management LLC raised its stake in shares of Kimberly-Clark by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company's stock valued at $1,113,444,000 after purchasing an additional 797,953 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Kimberly-Clark by 5.9% during 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 purchasing an additional 417,118 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Kimberly-Clark by 21.9% during the fourth quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock valued at $740,868,000 after purchasing an additional 1,015,141 shares during the period. Hedge funds and other institutional investors own 76.29% of the company's stock.

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 740 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was 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 $518,410.90. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is owned by insiders.

Kimberly-Clark Stock Performance

Kimberly-Clark stock traded down $0.19 during mid-day trading on Wednesday, reaching $132.85. The company's stock had a trading volume of 1,679,968 shares, compared to its average volume of 2,181,085. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The firm has a market cap of $44.08 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 4.46 and a beta of 0.38. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The business has a 50 day moving average price of $136.76 and a 200-day moving average price of $135.37.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the firm posted $2.01 EPS. Sell-side analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.79%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's dividend payout ratio is currently 68.66%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KMB shares. UBS Group lifted their price objective on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Piper Sandler dropped their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research note on Friday, April 11th. Barclays dropped their price target on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Finally, Royal Bank of Canada dropped their price target 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $145.08.

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.