Truist Financial Corp Reduces Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Truist Financial Corp cut its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 122,661 shares of the company's stock after selling 9,323 shares during the quarter. Truist Financial Corp's holdings in Kimberly-Clark were worth $16,074,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning grew its position in Kimberly-Clark by 1.3% in the 3rd quarter. Creative Planning now owns 75,147 shares of the company's stock valued at $10,692,000 after purchasing an additional 943 shares during the period. Foundations Investment Advisors LLC lifted its stake in shares of Kimberly-Clark by 7.3% in the third quarter. Foundations Investment Advisors LLC now owns 7,643 shares of the company's stock valued at $1,087,000 after buying an additional 520 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Kimberly-Clark by 7.8% during the third quarter. Sequoia Financial Advisors LLC now owns 49,232 shares of the company's stock valued at $7,005,000 after buying an additional 3,548 shares during the last quarter. My Legacy Advisors LLC increased its position in shares of Kimberly-Clark by 4.6% during the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company's stock worth $248,000 after acquiring an additional 76 shares in the last quarter. Finally, Eastern Bank raised its holdings in shares of Kimberly-Clark by 230.0% in the 3rd quarter. Eastern Bank now owns 10,640 shares of the company's stock worth $1,514,000 after acquiring an additional 7,416 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

Shares of KMB stock traded up $1.35 during trading hours on Friday, hitting $140.32. 1,010,098 shares of the company were exchanged, compared to its average volume of 2,128,532. Kimberly-Clark Co. has a 52-week low of $118.62 and a 52-week high of $149.30. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm has a fifty day simple moving average of $130.19 and a 200 day simple moving average of $136.48. The stock has a market capitalization of $46.54 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 4.42 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Research analysts predict that Kimberly-Clark Co. 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 Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Friday, March 7th. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's dividend payout ratio (DPR) is currently 64.64%.

Analyst Ratings Changes

KMB has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Barclays decreased their price target on Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. StockNews.com cut Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Saturday, February 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Friday, January 24th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $143.64.

About Kimberly-Clark

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.