Asset Advisors Investment Management LLC Lowers Holdings in Kimberly-Clark Co. (NYSE:KMB)

Asset Advisors Investment Management LLC lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,655 shares of the company’s stock after selling 250 shares during the quarter. Asset Advisors Investment Management LLC’s holdings in Kimberly-Clark were worth $2,051,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in KMB. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the third quarter valued at about $29,000. Golden State Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter valued at $32,000. Finally, Strategic Financial Concepts LLC purchased a new stake in Kimberly-Clark during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the topic of a number of recent research reports. UBS Group upped their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Friday, January 24th. Citigroup cut their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company reduced their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $140.28 on Monday. Kimberly-Clark Co. has a 12 month low of $118.62 and a 12 month high of $149.30. The company’s fifty day moving average price is $130.37 and its two-hundred day moving average price is $136.46. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market capitalization of $46.53 billion, a P/E ratio of 18.58, a P/E/G ratio of 4.46 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share 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, research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a $1.26 dividend. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s dividend payout ratio is currently 64.64%.

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.