Graybill Wealth Management LTD. Buys New Position in Kimberly-Clark Co. (NYSE:KMB)

Graybill Wealth Management LTD. bought a new stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,052 shares of the company's stock, valued at approximately $434,000.

Other large investors also recently added to or reduced their stakes in the company. Elevate Capital Advisors LLC raised its stake in Kimberly-Clark by 46.4% during the first quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock valued at $1,770,000 after purchasing an additional 3,944 shares in the last quarter. Schroder Investment Management Group raised its stake in Kimberly-Clark by 2.8% during the fourth quarter. Schroder Investment Management Group now owns 464,053 shares of the company's stock valued at $60,615,000 after purchasing an additional 12,768 shares in the last quarter. Unigestion Holding SA raised its stake in Kimberly-Clark by 8.2% during the first quarter. Unigestion Holding SA now owns 127,623 shares of the company's stock valued at $18,145,000 after purchasing an additional 9,643 shares in the last quarter. Farmers Trust Co. raised its stake in Kimberly-Clark by 108.6% during the first quarter. Farmers Trust Co. now owns 45,088 shares of the company's stock valued at $6,412,000 after purchasing an additional 23,472 shares in the last quarter. Finally, NBC Securities Inc. raised its stake in Kimberly-Clark by 106,600.0% during the first quarter. NBC Securities Inc. now owns 7,469 shares of the company's stock valued at $1,062,000 after purchasing an additional 7,462 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insider Transactions at Kimberly-Clark

In related news, insider Katy Chen sold 1,794 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total value of $234,547.56. Following the completion of the transaction, the insider owned 3,098 shares in the company, valued at $405,032.52. This represents a 36.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Performance

Shares of KMB opened at $129.38 on Monday. The business's 50 day moving average is $134.33 and its two-hundred day moving average is $134.74. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45. The firm has a market cap of $42.93 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 4.46 and a beta of 0.35. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates 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 prior year, the company posted $2.01 EPS. Analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were given a $1.26 dividend. The ex-dividend date was Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.90%. Kimberly-Clark's dividend payout ratio is presently 68.66%.

Analysts Set New Price Targets

A number of research firms recently issued reports on KMB. Evercore ISI decreased their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Piper Sandler reduced their target price on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Royal Bank Of Canada cut their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company upped their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $143.50.

About Kimberly-Clark

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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