NTV Asset Management LLC Has $432,000 Position in Kimberly-Clark Co. (NYSE:KMB)

NTV Asset Management LLC trimmed its position in Kimberly-Clark Co. (NYSE:KMB) by 20.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,294 shares of the company’s stock after selling 863 shares during the quarter. NTV Asset Management LLC’s holdings in Kimberly-Clark were worth $432,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Creative Planning increased its holdings in shares of Kimberly-Clark by 1.3% in the third quarter. Creative Planning now owns 75,147 shares of the company’s stock valued at $10,692,000 after purchasing an additional 943 shares during the last quarter. Blue Trust Inc. grew its stake in Kimberly-Clark by 104.3% in the 3rd quarter. Blue Trust Inc. now owns 4,830 shares of the company’s stock valued at $668,000 after buying an additional 2,466 shares during the last quarter. Cyndeo Wealth Partners LLC raised its holdings in Kimberly-Clark by 4.8% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 5,297 shares of the company’s stock valued at $754,000 after acquiring an additional 241 shares during the period. Godsey & Gibb Inc. lifted its position in Kimberly-Clark by 2.1% during the third quarter. Godsey & Gibb Inc. now owns 144,479 shares of the company’s stock worth $20,556,000 after acquiring an additional 2,906 shares during the last quarter. Finally, Penn Davis Mcfarland Inc. boosted its holdings in shares of Kimberly-Clark by 735.4% during the third quarter. Penn Davis Mcfarland Inc. now owns 13,817 shares of the company’s stock worth $1,966,000 after acquiring an additional 12,163 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $132.79 on Tuesday. Kimberly-Clark Co. has a 52 week low of $117.93 and a 52 week high of $149.30. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a fifty day moving average of $129.84 and a 200-day moving average of $136.53. The stock has a market capitalization of $44.28 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 4.12 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, sell-side analysts expect that Kimberly-Clark Co. will post 7.51 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a dividend of $1.26 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.80%. Kimberly-Clark’s dividend payout ratio (DPR) is 64.64%.

Insider Buying and Selling

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KMB. JPMorgan Chase & Co. dropped their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. StockNews.com cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup lowered their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. Piper Sandler reissued an “overweight” rating and issued a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Finally, Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $143.64.

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.