Trueblood Wealth Management LLC Sells 185 Shares of Kimberly-Clark Co. (NYSE:KMB)

Trueblood Wealth Management LLC trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,892 shares of the company’s stock after selling 185 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Kimberly-Clark were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of KMB. Norges Bank bought a new position in Kimberly-Clark in the 4th quarter worth $437,420,000. Price T Rowe Associates Inc. MD lifted its position in shares of Kimberly-Clark by 19.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock valued at $762,279,000 after buying an additional 944,920 shares in the last quarter. Capital World Investors grew its stake in shares of Kimberly-Clark by 23.8% during the 4th quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock valued at $234,114,000 after acquiring an additional 370,094 shares during the period. KBC Group NV increased its holdings in Kimberly-Clark by 277.9% in the 4th quarter. KBC Group NV now owns 472,934 shares of the company’s stock worth $57,466,000 after acquiring an additional 347,778 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Kimberly-Clark by 32.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company’s stock worth $188,040,000 after buying an additional 330,327 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Piper Sandler increased their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price objective on Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Finally, Barclays reduced their target price on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $145.67.

Insider Activity at Kimberly-Clark

In related news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the transaction, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the transaction, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Trading Down 2.1 %

NYSE KMB opened at $143.20 on Thursday. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $149.30. The company has a fifty day simple moving average of $141.98 and a two-hundred day simple moving average of $135.13. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. The stock has a market cap of $48.23 billion, a P/E ratio of 26.32, a P/E/G ratio of 3.12 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the previous year, the business earned $1.65 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be paid a $1.22 dividend. The ex-dividend date is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.41%. Kimberly-Clark’s payout ratio is currently 89.71%.

Kimberly-Clark Company 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.