Sen. Tommy Tuberville Sells Off Shares of Kimberly-Clark Co. (NYSE:KMB)

Senator Tommy Tuberville (R-Alabama) recently sold shares of Kimberly-Clark Co. (NYSE:KMB). In a filing disclosed on November 15th, the Senator disclosed that they had sold between $15,001 and $50,000 in Kimberly-Clark stock on October 29th.

Senator Tommy Tuberville also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Travelers Companies (NYSE:TRV) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Apple (NASDAQ:AAPL) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 10/29/2024.
• Sold $1,001 – $15,000 in shares of Corteva (NYSE:CTVA) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Honeywell International (NASDAQ:HON) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Owens Corning (NYSE:OC) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of McDonald’s (NYSE:MCD) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Medtronic (NYSE:MDT) on 8/26/2024.

Kimberly-Clark Trading Up 1.8 %

Kimberly-Clark stock opened at $134.08 on Friday. The firm’s 50 day moving average price is $139.75 and its 200-day moving average price is $139.13. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The stock has a market cap of $44.71 billion, a P/E ratio of 17.11, a PEG ratio of 2.77 and a beta of 0.40.

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

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s payout ratio is currently 63.29%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. dropped their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Argus raised shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Finally, Barclays lifted their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $149.93.

Institutional Trading of Kimberly-Clark

Institutional investors and hedge funds have recently made changes to their positions in the business. HBK Sorce Advisory LLC raised its holdings in shares of Kimberly-Clark by 7.1% in the first quarter. HBK Sorce Advisory LLC now owns 6,036 shares of the company’s stock valued at $781,000 after acquiring an additional 399 shares in the last quarter. Blair William & Co. IL raised its holdings in Kimberly-Clark by 1.5% in the first quarter. Blair William & Co. IL now owns 129,127 shares of the company’s stock worth $16,703,000 after purchasing an additional 1,944 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in Kimberly-Clark by 10.5% in the first quarter. Orion Portfolio Solutions LLC now owns 23,680 shares of the company’s stock worth $3,063,000 after purchasing an additional 2,246 shares in the last quarter. Tocqueville Asset Management L.P. raised its holdings in Kimberly-Clark by 176.2% in the first quarter. Tocqueville Asset Management L.P. now owns 51,508 shares of the company’s stock worth $6,663,000 after purchasing an additional 32,857 shares in the last quarter. Finally, Mizuho Markets Americas LLC raised its holdings in Kimberly-Clark by 120.6% in the first quarter. Mizuho Markets Americas LLC now owns 82,797 shares of the company’s stock worth $10,710,000 after purchasing an additional 45,263 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

About Senator Tuberville

Tommy Tuberville (Republican Party) (also known as Coach) is a member of the U.S. Senate from Alabama. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Tuberville (Republican Party) ran for election to the U.S. Senate to represent Alabama. He won in the general election on November 3, 2020. Tuberville was head coach for several college football teams between 1995 and 2016, including at Auburn University and the University of Cincinnati. Tommy Tuberville was born in Camden, Arkansas, and lives in Auburn, Alabama. Tuberville’s career experience includes working as a studio analyst with ESPN and as the head football coach of the University of Mississippi, the University of Auburn, Texas Tech University, and the University of Cincinnati.

Kimberly-Clark Company 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.