Ascent Wealth Partners LLC Purchases 90 Shares of Kimberly-Clark Co. (NYSE:KMB)

Ascent Wealth Partners LLC boosted its position in Kimberly-Clark Co. (NYSE:KMB) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,321 shares of the company’s stock after acquiring an additional 90 shares during the quarter. Ascent Wealth Partners LLC’s holdings in Kimberly-Clark were worth $1,221,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Howard Capital Management Inc. boosted its position in Kimberly-Clark by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 2,120 shares of the company’s stock valued at $278,000 after buying an additional 108 shares in the last quarter. Marshall Investment Management LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at approximately $25,000. Fisher Funds Management LTD acquired a new stake in Kimberly-Clark in the fourth quarter valued at approximately $3,127,000. Sigma Planning Corp boosted its position in Kimberly-Clark by 4.1% in the fourth quarter. Sigma Planning Corp now owns 19,468 shares of the company’s stock valued at $2,551,000 after buying an additional 768 shares in the last quarter. Finally, Oxbow Advisors LLC boosted its position in Kimberly-Clark by 11.0% in the fourth quarter. Oxbow Advisors LLC now owns 47,491 shares of the company’s stock valued at $6,223,000 after buying an additional 4,698 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

KMB stock opened at $140.28 on Friday. The firm 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 has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12-month low of $118.62 and a 12-month high of $149.30. The company’s fifty day simple moving average is $130.37 and its 200 day simple moving average is $136.48.

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

Kimberly-Clark Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 3.59%. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s payout ratio is 64.64%.

Analyst Ratings Changes

KMB has been the topic of a number of research analyst reports. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research report on Wednesday, January 8th. Wells Fargo & Company cut their target price on shares of 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. Piper Sandler restated an “overweight” rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Barclays cut their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Citigroup cut their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $143.64.

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.