Kimberly-Clark Co. (NYSE:KMB) Stock Position Decreased by Asset Advisors Investment Management LLC

Asset Advisors Investment Management LLC lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,655 shares of the company’s stock after selling 250 shares during the period. Asset Advisors Investment Management LLC’s holdings in Kimberly-Clark were worth $2,051,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KMB. State Street Corp lifted its position in shares of Kimberly-Clark by 5.9% during the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company’s stock worth $2,768,367,000 after buying an additional 1,083,824 shares during the period. Sarasin & Partners LLP increased its position in shares of Kimberly-Clark by 140.1% in the 4th quarter. Sarasin & Partners LLP now owns 988,294 shares of the company’s stock valued at $129,506,000 after buying an additional 576,610 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Kimberly-Clark by 1,427.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company’s stock valued at $77,284,000 after purchasing an additional 551,158 shares during the period. Nordea Investment Management AB raised its holdings in shares of Kimberly-Clark by 20.4% during the fourth quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock worth $358,625,000 after acquiring an additional 464,615 shares during the period. Finally, Ilex Capital Partners UK LLP lifted its holdings in shares of Kimberly-Clark by 140.0% in the third quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company’s stock valued at $94,278,000 after purchasing an additional 386,510 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

KMB 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 has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company has a market cap of $46.53 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 4.46 and a beta of 0.41. The company’s 50 day moving average is $130.37 and its 200 day moving average is $136.46.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

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

Wall Street Analyst Weigh In

KMB has been the subject of a number of analyst reports. Barclays decreased their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. decreased their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Piper Sandler restated an “overweight” rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Finally, StockNews.com lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average 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.