Range Financial Group LLC Grows Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Range Financial Group LLC grew its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 18.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,575 shares of the company's stock after purchasing an additional 3,366 shares during the quarter. Kimberly-Clark makes up 1.4% of Range Financial Group LLC's holdings, making the stock its 15th biggest holding. Range Financial Group LLC's holdings in Kimberly-Clark were worth $3,068,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KMB. Rhumbline Advisers boosted its position in shares of Kimberly-Clark by 0.5% during the 4th quarter. Rhumbline Advisers now owns 728,728 shares of the company's stock valued at $95,492,000 after purchasing an additional 3,273 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Kimberly-Clark by 2.8% in the fourth quarter. Schroder Investment Management Group now owns 464,053 shares of the company's stock worth $60,615,000 after purchasing an additional 12,768 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Kimberly-Clark by 3.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 844,363 shares of the company's stock valued at $110,645,000 after buying an additional 26,345 shares during the last quarter. Unigestion Holding SA raised its position in Kimberly-Clark by 8.2% in the 1st quarter. Unigestion Holding SA now owns 127,623 shares of the company's stock valued at $18,145,000 after buying an additional 9,643 shares during the last quarter. Finally, Farmers Trust Co. lifted its stake in Kimberly-Clark by 108.6% during the 1st quarter. Farmers Trust Co. now owns 45,088 shares of the company's stock valued at $6,412,000 after acquiring an additional 23,472 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Trading Down 0.1%

Shares of KMB traded down $0.19 during trading hours on Wednesday, reaching $132.85. 609,251 shares of the company traded hands, compared to its average volume of 2,175,975. 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 12 month low of $124.10 and a 12 month high of $150.45. The company's fifty day moving average price is $136.85 and its two-hundred day moving average price is $135.39. The company has a market capitalization of $44.08 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 4.46 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping 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 net margin of 12.69% and a return on equity of 201.43%. During the same period in the previous year, the company earned $2.01 earnings per share. Equities research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.79%. Kimberly-Clark's payout ratio is 68.66%.

Insider Transactions at Kimberly-Clark

In other news, insider Katy Chen sold 740 shares of the company's stock in a transaction that occurred 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 sale, the insider now directly owns 3,997 shares of the company's stock, valued at $518,410.90. This represents a 15.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of recent analyst reports. Evercore ISI reduced their price objective on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. 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. Barclays dropped their price target on 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. Piper Sandler decreased 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. Finally, Royal Bank of Canada lowered 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $145.08.

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.