Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Elevate Capital Advisors LLC

Elevate Capital Advisors LLC increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 46.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,444 shares of the company's stock after purchasing an additional 3,944 shares during the period. Kimberly-Clark accounts for about 1.6% of Elevate Capital Advisors LLC's holdings, making the stock its 28th biggest position. Elevate Capital Advisors LLC's holdings in Kimberly-Clark were worth $1,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of KMB. Mather Group LLC. raised its position in shares of Kimberly-Clark by 18.5% in the first quarter. Mather Group LLC. now owns 9,080 shares of the company's stock valued at $1,291,000 after buying an additional 1,416 shares during the last quarter. Alta Advisers Ltd purchased a new stake in Kimberly-Clark in the first quarter valued at approximately $207,000. Kennon Green & Company LLC boosted its holdings in Kimberly-Clark by 1.1% in the first quarter. Kennon Green & Company LLC now owns 21,649 shares of the company's stock valued at $3,079,000 after acquiring an additional 236 shares during the last quarter. Deseret Mutual Benefit Administrators grew its stake in Kimberly-Clark by 4.5% during the first quarter. Deseret Mutual Benefit Administrators now owns 2,498 shares of the company's stock worth $355,000 after buying an additional 107 shares during the period. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in Kimberly-Clark in the first quarter valued at approximately $50,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the transaction, the insider directly owned 3,997 shares of the company's stock, valued at $518,410.90. The trade was a 15.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.64% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB traded up $2.69 on Tuesday, reaching $131.61. 2,829,807 shares of the company's stock were exchanged, compared to its average volume of 2,200,979. The business's 50-day moving average is $134.41 and its two-hundred day moving average is $134.74. 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 Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The firm has a market capitalization of $43.67 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 4.46 and a beta of 0.38.

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

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.83%. Kimberly-Clark's dividend payout ratio is currently 68.66%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Evercore ISI decreased their target price on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Barclays decreased their price objective on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. UBS Group raised their target price on Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Royal Bank Of Canada dropped their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, Piper Sandler reduced 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 note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $143.50.

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.