Belpointe Asset Management LLC Trims Position in Kimberly-Clark Co. (NYSE:KMB)

Belpointe Asset Management LLC reduced its position in Kimberly-Clark Co. (NYSE:KMB) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,225 shares of the company’s stock after selling 183 shares during the period. Belpointe Asset Management LLC’s holdings in Kimberly-Clark were worth $611,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Kimberly-Clark by 15.1% in the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock valued at $4,605,079,000 after purchasing an additional 4,603,787 shares during the period. Norges Bank acquired a new stake in Kimberly-Clark in the 4th quarter worth about $582,592,000. Invesco Ltd. grew its holdings in Kimberly-Clark by 21.9% in the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company’s stock valued at $740,868,000 after buying an additional 1,015,141 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at about $127,436,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Kimberly-Clark by 10.4% during the 4th quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company’s stock worth $1,113,444,000 after acquiring an additional 797,953 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KMB has been the subject of a number of recent analyst reports. Citigroup lowered their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Barclays boosted their price target on Kimberly-Clark from $138.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, March 27th. Finally, TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $145.38.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $139.73 on Thursday. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The company has a market capitalization of $46.34 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. 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 firm has a fifty day simple moving average of $139.11 and a 200-day simple moving average of $135.75.

Kimberly-Clark (NYSE:KMB) last announced 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 return on equity of 201.43% and a net margin of 12.69%. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.61%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Friday, March 7th. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

Insider Activity

In related news, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the sale, the vice president now directly owns 7,720 shares of the company’s stock, valued at $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.64% of the company’s stock.

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.