Revisor Wealth Management LLC Takes Position in Kimberly-Clark Co. (NYSE:KMB)

Revisor Wealth Management LLC purchased a new position in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,883 shares of the company's stock, valued at approximately $413,000.

Several other institutional investors also recently bought and sold shares of KMB. Vanguard Group Inc. lifted its stake 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 buying an additional 4,603,787 shares in the last quarter. Geode Capital Management LLC lifted its position in Kimberly-Clark by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company's stock valued at $1,113,444,000 after acquiring an additional 797,953 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Kimberly-Clark by 5.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company's stock valued at $986,616,000 after purchasing an additional 417,118 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Kimberly-Clark by 21.9% in the 4th 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. Finally, Norges Bank purchased a new position in shares of Kimberly-Clark in the fourth quarter worth $582,592,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Piper Sandler reduced their price objective on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Royal Bank Of Canada reduced 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. Evercore ISI decreased 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. UBS Group raised their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Finally, Barclays cut their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $143.50.

Insider Buying and Selling

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the transaction, the insider owned 3,997 shares of the company's stock, valued at $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.64% of the company's stock.

Kimberly-Clark Trading Up 0.1%

Shares of Kimberly-Clark stock opened at $132.53 on Friday. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The company's fifty day simple moving average is $134.26 and its 200-day simple moving average is $134.71. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock has a market capitalization of $43.97 billion, a PE ratio of 17.55, a P/E/G ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.04. The business had revenue of $4.84 billion during 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 quarter in the previous year, the company posted $2.01 earnings per share. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were issued a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Friday, June 6th. Kimberly-Clark's dividend payout ratio 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.

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