Range Financial Group LLC Buys 10,890 Shares of Kimberly-Clark Co. (NYSE:KMB)

Range Financial Group LLC lifted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 148.8% in the 4th quarter, Holdings Channel reports. The fund owned 18,209 shares of the company’s stock after acquiring an additional 10,890 shares during the quarter. Kimberly-Clark accounts for approximately 1.1% of Range Financial Group LLC’s investment portfolio, making the stock its 22nd biggest position. Range Financial Group LLC’s holdings in Kimberly-Clark were worth $2,386,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in KMB. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark during the second quarter worth $26,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the third quarter valued at $29,000. Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark in the second quarter valued at $32,000. DiNuzzo Private Wealth Inc. lifted its stake in Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new stake in Kimberly-Clark in the third quarter valued at $36,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Stock Performance

NYSE:KMB traded up $1.02 during mid-day trading on Tuesday, reaching $127.14. 1,891,316 shares of the company’s stock were exchanged, compared to its average volume of 1,813,631. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The firm has a market capitalization of $42.40 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41. The business’s fifty day simple moving average is $133.76 and its two-hundred day simple moving average is $138.77. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same period last year, the firm earned $1.74 earnings per share. Kimberly-Clark’s revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s payout ratio is presently 63.29%.

Analyst Upgrades and Downgrades

A number of analysts have commented on KMB shares. Piper Sandler cut their price target on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday. UBS Group cut their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Barclays increased their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $148.71.

Kimberly-Clark Company 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.