Range Financial Group LLC Increases Holdings in Kimberly-Clark Corporation $KMB

Range Financial Group LLC boosted its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 27.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,987 shares of the company’s stock after purchasing an additional 6,503 shares during the quarter. Kimberly-Clark comprises about 1.0% of Range Financial Group LLC’s portfolio, making the stock its 27th biggest position. Range Financial Group LLC’s holdings in Kimberly-Clark were worth $3,025,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after acquiring an additional 2,765 shares during the period. Elevation Point Wealth Partners LLC bought a new position in Kimberly-Clark during the 2nd quarter worth about $126,000. Grantham Mayo Van Otterloo & Co. LLC increased its position in Kimberly-Clark by 3.3% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 18,465 shares of the company’s stock valued at $2,381,000 after purchasing an additional 590 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Kimberly-Clark by 2.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 50,334 shares of the company’s stock valued at $6,489,000 after purchasing an additional 1,328 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Kimberly-Clark by 82.4% in the 2nd quarter. Loomis Sayles & Co. L P now owns 100,492 shares of the company’s stock valued at $12,955,000 after purchasing an additional 45,388 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. BNP Paribas Exane reiterated a “neutral” rating and set a $110.00 price objective on shares of Kimberly-Clark in a research note on Monday, December 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday. Wells Fargo & Company set a $110.00 target price on Kimberly-Clark in a research report on Tuesday, February 17th. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Piper Sandler reduced their price target on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $115.85.

Kimberly-Clark Trading Down 2.3%

NASDAQ KMB opened at $96.35 on Tuesday. Kimberly-Clark Corporation has a 52 week low of $96.13 and a 52 week high of $147.12. The company has a 50 day moving average price of $103.37 and a 200 day moving average price of $107.62. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97. The firm has a market cap of $31.98 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 3.51 and a beta of 0.24.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.05. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.50 earnings per share. As a group, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a dividend of $1.28 per share. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date is Friday, March 6th. This represents a $5.12 annualized dividend and a yield of 5.3%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 84.35%.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.