Larson Financial Group LLC Purchases 3,375 Shares of Kimberly-Clark Co. (NYSE:KMB)

Larson Financial Group LLC raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 82.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,488 shares of the company's stock after buying an additional 3,375 shares during the quarter. Larson Financial Group LLC's holdings in Kimberly-Clark were worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Violich Capital Management Inc. grew its holdings in Kimberly-Clark by 0.8% during the 1st quarter. Violich Capital Management Inc. now owns 19,892 shares of the company's stock valued at $2,829,000 after buying an additional 150 shares in the last quarter. Sage Mountain Advisors LLC grew its holdings in Kimberly-Clark by 23.6% during the 1st quarter. Sage Mountain Advisors LLC now owns 3,617 shares of the company's stock valued at $514,000 after buying an additional 691 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in Kimberly-Clark by 8.9% during the 1st quarter. Wealthfront Advisers LLC now owns 45,811 shares of the company's stock valued at $6,515,000 after buying an additional 3,757 shares in the last quarter. Pinkerton Retirement Specialists LLC grew its holdings in Kimberly-Clark by 1.0% during the 1st quarter. Pinkerton Retirement Specialists LLC now owns 34,354 shares of the company's stock valued at $4,886,000 after buying an additional 347 shares in the last quarter. Finally, West Family Investments Inc. purchased a new stake in Kimberly-Clark during the 1st quarter valued at approximately $334,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the sale, the insider directly owned 3,997 shares in the company, valued at approximately $518,410.90. This trade represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Evercore ISI cut their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company increased their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, March 28th. Piper Sandler began coverage on Kimberly-Clark in a research report on Friday. They set an "overweight" rating and a $144.00 target price for the company. Barclays lowered their target price on Kimberly-Clark from $135.00 to $134.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Two equities research 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $141.50.

Kimberly-Clark Trading Down 0.3%

KMB traded down $0.38 during trading on Friday, reaching $127.53. The company had a trading volume of 3,787,074 shares, compared to its average volume of 2,305,608. The stock has a market cap of $42.32 billion, a P/E ratio of 16.89, a PEG ratio of 4.46 and a beta of 0.35. The business has a 50 day simple moving average of $133.91 and a 200-day simple moving average of $134.59. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. 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 issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the company earned $2.01 earnings per share. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were given a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.95%. Kimberly-Clark's dividend payout ratio (DPR) is 68.66%.

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.