Farther Finance Advisors LLC Purchases 5,398 Shares of Kimberly-Clark Co. (NYSE:KMB)

Farther Finance Advisors LLC raised its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 71.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,920 shares of the company's stock after buying an additional 5,398 shares during the quarter. Farther Finance Advisors LLC's holdings in Kimberly-Clark were worth $1,848,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Kimberly-Clark by 15.1% in the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock worth $4,605,079,000 after purchasing an additional 4,603,787 shares in the last quarter. Norges Bank bought a new stake in shares of Kimberly-Clark in the fourth quarter worth $582,592,000. GAMMA Investing LLC lifted its position in shares of Kimberly-Clark by 10,975.8% in the first quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company's stock worth $270,510,000 after purchasing an additional 1,884,877 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Kimberly-Clark by 163.1% in the fourth quarter. First Trust Advisors LP now owns 2,142,749 shares of the company's stock worth $280,786,000 after purchasing an additional 1,328,341 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Kimberly-Clark by 21.9% in the fourth quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock worth $740,868,000 after purchasing an additional 1,015,141 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 740 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the transaction, the insider now directly owns 3,997 shares in the company, valued at approximately $518,410.90. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.64% of the stock is currently owned by corporate insiders.

Kimberly-Clark Stock Performance

Shares of KMB stock traded down $3.05 on Friday, hitting $130.84. The company's stock had a trading volume of 1,837,762 shares, compared to its average volume of 2,173,034. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock's 50 day moving average is $136.70 and its 200-day moving average is $135.27. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The company has a market capitalization of $43.41 billion, a PE ratio of 17.33, a PEG ratio of 4.46 and a beta of 0.38.

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

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a $1.26 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.85%. Kimberly-Clark's dividend payout ratio (DPR) is presently 68.66%.

Analyst Upgrades and Downgrades

KMB has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. Piper Sandler cut their price objective on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada cut their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Evercore ISI lowered their target price on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $143.73.

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.