Vest Financial LLC Raises Stake in Kimberly-Clark Co. (NYSE:KMB)

Vest Financial LLC grew its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,269 shares of the company's stock after buying an additional 21,339 shares during the quarter. Vest Financial LLC owned 0.10% of Kimberly-Clark worth $49,409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KMB. Rise Advisors LLC boosted its stake in shares of Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company's stock valued at $25,000 after purchasing an additional 176 shares during the period. Wedmont Private Capital grew its stake in shares of Kimberly-Clark by 11.4% in the first quarter. Wedmont Private Capital now owns 4,411 shares of the company's stock worth $564,000 after acquiring an additional 453 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Kimberly-Clark by 13.7% during the first quarter. Park Avenue Securities LLC now owns 7,274 shares of the company's stock worth $941,000 after acquiring an additional 878 shares during the period. RFG Advisory LLC raised its stake in shares of Kimberly-Clark by 6.3% in the first quarter. RFG Advisory LLC now owns 14,294 shares of the company's stock valued at $1,849,000 after acquiring an additional 849 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its holdings in Kimberly-Clark by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 28,046 shares of the company's stock valued at $3,627,000 after purchasing an additional 184 shares during the period. Hedge funds and other institutional investors own 76.29% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KMB shares. TD Cowen began coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $161.00 price target on the stock. Piper Sandler lifted their price target on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an "overweight" rating in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a research report on Tuesday, October 8th. Argus raised shares of Kimberly-Clark to a "hold" rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. increased their target price on Kimberly-Clark from $137.00 to $142.00 and gave the company an "underweight" rating in a report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $149.14.

Insider Buying and Selling

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now directly owns 7,377 shares of the company's stock, valued at approximately $1,038,976.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the company's stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company's stock.

Kimberly-Clark Stock Performance

NYSE KMB traded down $0.68 on Friday, reaching $145.41. The stock had a trading volume of 3,915,416 shares, compared to its average volume of 2,107,141. The stock has a market cap of $48.96 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39. Kimberly-Clark Co. has a 12-month low of $116.63 and a 12-month high of $149.30. The business's 50-day moving average price is $143.15 and its 200 day moving average price is $138.46. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.25. The business had revenue of $5.03 billion for the quarter, compared to analysts' expectations of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The company's quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 EPS. As a group, equities analysts expect that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.36%. Kimberly-Clark's dividend payout ratio (DPR) is 89.71%.

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.