Diversify Advisory Services LLC Buys New Position in Kimberly-Clark Co. (NYSE:KMB)

Diversify Advisory Services LLC bought a new stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,024 shares of the company's stock, valued at approximately $264,000.

Other hedge funds have also recently added to or reduced their stakes in the company. First Pacific Financial acquired a new position in shares of Kimberly-Clark in the 1st quarter worth approximately $26,000. Minot DeBlois Advisors LLC acquired a new stake in Kimberly-Clark during the 4th quarter valued at $29,000. Rossby Financial LCC acquired a new stake in Kimberly-Clark during the 1st quarter valued at $37,000. Menard Financial Group LLC acquired a new stake in Kimberly-Clark during the 4th quarter valued at $38,000. Finally, Whipplewood Advisors LLC increased its holdings in Kimberly-Clark by 329.6% during the 1st quarter. Whipplewood Advisors LLC now owns 305 shares of the company's stock valued at $47,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on KMB. Piper Sandler began coverage on Kimberly-Clark in a research note on Friday. They issued an "overweight" rating and a $144.00 target price for the company. Wells Fargo & Company raised their price target on Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Friday, March 28th. Evercore ISI reduced their price target on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen lowered Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, UBS Group reduced their price target on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $141.50.

Kimberly-Clark Trading Down 0.6%

Shares of NYSE:KMB opened at $126.71 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock has a market cap of $42.04 billion, a PE ratio of 16.78, a P/E/G ratio of 4.46 and a beta of 0.35. The business has a 50 day moving average of $133.81 and a 200-day moving average of $134.62. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same period in the previous year, the company posted $2.01 earnings per share. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th were given a dividend of $1.26 per share. The ex-dividend date was Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.98%. Kimberly-Clark's dividend payout ratio is currently 68.66%.

Insider Buying and Selling

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total transaction of $234,547.56. Following the completion of the transaction, the insider directly owned 3,098 shares in the company, valued at $405,032.52. The trade was a 36.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by corporate insiders.

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.

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