Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Truvestments Capital LLC

Truvestments Capital LLC increased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,981 shares of the company’s stock after acquiring an additional 78 shares during the period. Truvestments Capital LLC’s holdings in Kimberly-Clark were worth $424,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. CX Institutional grew its position in shares of Kimberly-Clark by 1.2% during the second quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after buying an additional 71 shares in the last quarter. Wesbanco Bank Inc. increased its position in Kimberly-Clark by 0.9% during the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock worth $1,101,000 after buying an additional 71 shares during the period. My Legacy Advisors LLC raised its position in Kimberly-Clark by 4.6% in the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after purchasing an additional 76 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of Kimberly-Clark by 1.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock valued at $759,000 after buying an additional 77 shares during the last quarter. Finally, Graypoint LLC raised its stake in Kimberly-Clark by 1.5% during the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company’s stock valued at $756,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $139.14 on Tuesday. The stock has a fifty day moving average price of $138.61 and a 200 day moving average price of $139.19. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The stock has a market cap of $46.40 billion, a PE ratio of 18.05, a P/E/G ratio of 2.90 and a beta of 0.40. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.74 EPS. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be paid a dividend of $1.22 per share. The ex-dividend date is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.51%. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. UBS Group lowered their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Barclays raised their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $149.93.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.62% of the company’s stock.

Kimberly-Clark 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.