Venturi Wealth Management LLC Increases Holdings in Kimberly-Clark Co. (NYSE:KMB)

Venturi Wealth Management LLC increased its stake in Kimberly-Clark Co. (NYSE:KMB) by 16.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,410 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Venturi Wealth Management LLC’s holdings in Kimberly-Clark were worth $185,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kimberly-Clark in the fourth quarter valued at $25,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark during the third quarter valued at $29,000. Golden State Wealth Management LLC bought a new stake in Kimberly-Clark during the fourth quarter valued at $32,000. Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark during the fourth quarter valued at $33,000. Finally, Roxbury Financial LLC bought a new stake in Kimberly-Clark during the fourth quarter valued at $33,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KMB. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research note on Wednesday, January 8th. Piper Sandler reissued an “overweight” rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. UBS Group lifted their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company dropped their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Citigroup dropped their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Trading Up 0.9 %

Shares of KMB stock opened at $140.28 on Friday. The stock has a market capitalization of $46.53 billion, a PE ratio of 18.58, a P/E/G ratio of 4.42 and a beta of 0.41. Kimberly-Clark Co. has a 1-year low of $118.62 and a 1-year high of $149.30. The business has a 50-day moving average of $130.19 and a 200 day moving average of $136.48. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last issued 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%. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

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