Truist Financial Corp Has $14.50 Million Stake in Kimberly-Clark Corporation $KMB

Truist Financial Corp reduced its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 143,756 shares of the company’s stock after selling 14,661 shares during the period. Truist Financial Corp’s holdings in Kimberly-Clark were worth $14,504,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMB. Cloud Capital Management LLC acquired a new stake in shares of Kimberly-Clark in the third quarter valued at about $25,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark in the second quarter valued at approximately $27,000. Eagle Bay Advisors LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $28,000. Newbridge Financial Services Group Inc. increased its position in shares of Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after purchasing an additional 140 shares during the last quarter. Finally, Investors Research Corp bought a new stake in shares of Kimberly-Clark during the 4th quarter worth approximately $33,000. 76.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the transaction, the insider directly owned 8,362 shares in the company, valued at $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 7,096 shares of company stock worth $689,687 over the last three months. Insiders own 0.75% of the company’s stock.

Kimberly-Clark Trading Up 0.4%

Shares of NASDAQ:KMB opened at $99.56 on Friday. The company has a market capitalization of $33.05 billion, a P/E ratio of 15.63, a P/E/G ratio of 4.75 and a beta of 0.29. The business’s 50 day simple moving average is $99.59 and its 200 day simple moving average is $103.00. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $144.30. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the company earned $1.93 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, research analysts anticipate that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KMB shares. Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. UBS Group increased their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Citigroup decreased their price objective on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research report on Wednesday, January 14th. Piper Sandler dropped their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Finally, Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $114.93.

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.