NTV Asset Management LLC Sells 550 Shares of Kimberly-Clark Co. (NYSE:KMB)

NTV Asset Management LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 11.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,119 shares of the company’s stock after selling 550 shares during the period. NTV Asset Management LLC’s holdings in Kimberly-Clark were worth $500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sequoia Financial Advisors LLC lifted its holdings in Kimberly-Clark by 204.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock worth $2,500,000 after buying an additional 13,806 shares in the last quarter. PFG Investments LLC boosted its holdings in Kimberly-Clark by 11.2% in the third quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock valued at $252,000 after acquiring an additional 209 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Kimberly-Clark in the fourth quarter worth about $4,253,000. Rockline Wealth Management LLC bought a new stake in Kimberly-Clark during the 4th quarter worth about $1,661,000. Finally, Nordea Investment Management AB lifted its position in Kimberly-Clark by 28.3% during the 4th quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock valued at $202,740,000 after purchasing an additional 368,505 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total value of $342,075.00. Following the transaction, the vice president now directly owns 8,053 shares in the company, valued at $1,101,891.99. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Katy Chen sold 454 shares of Kimberly-Clark stock in a transaction on Friday, April 26th. The stock was sold at an average price of $135.24, for a total transaction of $61,398.96. Following the completion of the sale, the insider now owns 520 shares of the company’s stock, valued at $70,324.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the sale, the vice president now directly owns 8,053 shares of the company’s stock, valued at approximately $1,101,891.99. The disclosure for this sale can be found here. Insiders have sold 20,562 shares of company stock worth $2,808,345 in the last ninety days. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Down 0.3 %

NYSE KMB traded down $0.41 during trading hours on Friday, hitting $136.09. 1,907,297 shares of the company traded hands, compared to its average volume of 2,559,916. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The business’s 50-day moving average is $127.48 and its 200-day moving average is $123.44. The stock has a market capitalization of $45.82 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 3.87 and a beta of 0.38. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $146.15.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 EPS. Sell-side analysts anticipate that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KMB. JPMorgan Chase & Co. lifted their price target on shares of Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 24th. Evercore ISI upgraded shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and upped their target price for the company from $133.00 to $150.00 in a research report on Thursday, March 28th. Barclays raised their target price on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Piper Sandler boosted their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, UBS Group increased their target price on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $134.85.

Kimberly-Clark 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.