Kimberly-Clark Corporation $KMB Shares Purchased by Truist Financial Corp

Truist Financial Corp increased its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 9.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,417 shares of the company’s stock after purchasing an additional 13,939 shares during the period. Truist Financial Corp’s holdings in Kimberly-Clark were worth $19,698,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Empirical Finance LLC grew its holdings in shares of Kimberly-Clark by 0.6% during the second quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock valued at $1,531,000 after buying an additional 76 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its stake in Kimberly-Clark by 3.7% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock valued at $284,000 after purchasing an additional 78 shares during the last quarter. Monarch Capital Management Inc. increased its holdings in shares of Kimberly-Clark by 1.9% in the second quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock valued at $568,000 after purchasing an additional 81 shares during the period. TFB Advisors LLC raised its stake in shares of Kimberly-Clark by 4.2% in the second quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock worth $261,000 after purchasing an additional 82 shares during the last quarter. Finally, Crews Bank & Trust lifted its holdings in shares of Kimberly-Clark by 2.7% during the second quarter. Crews Bank & Trust now owns 3,348 shares of the company’s stock worth $432,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Thursday, November 13th. Barclays set a $102.00 target price on shares of Kimberly-Clark in a report on Friday, January 16th. UBS Group upped their price target on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. Finally, Royal Bank Of Canada reissued an “overweight” rating and issued a $162.00 price objective on shares of Kimberly-Clark in a report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $118.58.

Kimberly-Clark Trading Up 1.3%

Shares of Kimberly-Clark stock opened at $99.99 on Friday. The firm has a 50-day simple moving average of $101.82 and a two-hundred day simple moving average of $115.45. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.56 and a current ratio of 0.75. Kimberly-Clark Corporation has a fifty-two week low of $96.26 and a fifty-two week high of $150.45. The company has a market cap of $33.19 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 3.95 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.05. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned $1.50 EPS. As a group, equities analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share 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. Stockholders of record on Friday, March 6th will be paid a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s dividend payout ratio is currently 83.03%.

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.