NTV Asset Management LLC Cuts Stake in Kimberly-Clark Co. (NYSE:KMB)

NTV Asset Management LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 quarter.

A number of other institutional investors also recently bought and sold shares of KMB. Bailard Inc. lifted its holdings in shares of Kimberly-Clark by 18.8% during the third quarter. Bailard Inc. now owns 6,914 shares of the company’s stock worth $836,000 after purchasing an additional 1,096 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Kimberly-Clark by 3.4% in the 3rd quarter. Brown Advisory Inc. now owns 423,507 shares of the company’s stock valued at $51,181,000 after acquiring an additional 13,757 shares during the last quarter. Chicago Capital LLC increased its stake in shares of Kimberly-Clark by 8.1% in the third quarter. Chicago Capital LLC now owns 5,193 shares of the company’s stock worth $628,000 after acquiring an additional 390 shares during the period. Lindbrook Capital LLC increased its stake in shares of Kimberly-Clark by 13.3% in the third quarter. Lindbrook Capital LLC now owns 1,108 shares of the company’s stock worth $134,000 after acquiring an additional 130 shares during the period. Finally, Verdence Capital Advisors LLC raised its holdings in shares of Kimberly-Clark by 22.5% during the third quarter. Verdence Capital Advisors LLC now owns 11,138 shares of the company’s stock worth $1,346,000 after purchasing an additional 2,044 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 8,053 shares of the company’s stock, valued at approximately $1,101,891.99. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the transaction, the vice president now directly owns 8,053 shares of the company’s stock, valued at approximately $1,101,891.99. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paula Ramos sold 10,178 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the transaction, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,562 shares of company stock worth $2,808,345. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Down 0.3 %

Shares of KMB traded down $0.41 during mid-day trading on Friday, hitting $136.09. 1,907,297 shares of the company’s stock were exchanged, compared to its average volume of 2,559,916. The stock’s 50-day moving average is $127.48 and its 200-day moving average is $123.44. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $146.15. The company has a market cap 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 (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.61 by $0.40. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.67 earnings per share. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business 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 dividend of $1.22 per share. 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 is presently 89.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup increased their price target on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. UBS Group boosted their price target on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. raised their price objective on shares of Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 24th. Wells Fargo & Company boosted their target price on shares of Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Finally, HSBC lifted their price objective on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.