Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Vest Financial LLC

Vest Financial LLC raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 347,269 shares of the company’s stock after acquiring an additional 21,339 shares during the period. Vest Financial LLC’s holdings in Kimberly-Clark were worth $49,409,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Cyndeo Wealth Partners LLC increased its position in shares of Kimberly-Clark by 4.8% during the third quarter. Cyndeo Wealth Partners LLC now owns 5,297 shares of the company’s stock valued at $754,000 after acquiring an additional 241 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in shares of Kimberly-Clark by 0.9% in the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 117,597 shares of the company’s stock valued at $16,732,000 after purchasing an additional 1,062 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in shares of Kimberly-Clark by 3.2% in the third quarter. First Citizens Bank & Trust Co. now owns 23,530 shares of the company’s stock valued at $3,348,000 after purchasing an additional 721 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Kimberly-Clark by 104.3% in the third quarter. Blue Trust Inc. now owns 4,830 shares of the company’s stock valued at $668,000 after purchasing an additional 2,466 shares in the last quarter. Finally, OmniStar Financial Group Inc. grew its holdings in shares of Kimberly-Clark by 103.2% in the third quarter. OmniStar Financial Group Inc. now owns 16,003 shares of the company’s stock valued at $2,282,000 after purchasing an additional 8,129 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock traded down $0.68 during trading on Friday, reaching $145.41. The company’s stock had a trading volume of 3,915,416 shares, compared to its average volume of 2,107,141. The company has a 50-day moving average price of $143.15 and a two-hundred day moving average price of $138.38. The firm has a market cap of $48.96 billion, a PE ratio of 26.73, a P/E/G ratio of 2.98 and a beta of 0.39. Kimberly-Clark Co. has a fifty-two week low of $116.63 and a fifty-two week high of $149.30. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59.

Kimberly-Clark (NYSE:KMB) 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. On average, analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were paid a $1.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.36%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KMB. TD Cowen began coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective for the company. Barclays lifted their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. 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. BNP Paribas started coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 price target for the company. Finally, StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $149.14.

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.