Blue Trust Inc. Purchases 400 Shares of Kimberly-Clark Co. $KMB

Blue Trust Inc. increased its position in Kimberly-Clark Co. (NYSE:KMB) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,733 shares of the company’s stock after buying an additional 400 shares during the quarter. Blue Trust Inc.’s holdings in Kimberly-Clark were worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Kimberly-Clark by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock worth $5,011,188,000 after buying an additional 92,920 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Kimberly-Clark by 6.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock valued at $1,601,968,000 after purchasing an additional 674,046 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Kimberly-Clark by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock valued at $1,151,309,000 after purchasing an additional 566,152 shares during the last quarter. Invesco Ltd. lifted its position in Kimberly-Clark by 3.1% in the first quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock valued at $828,811,000 after purchasing an additional 173,915 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Kimberly-Clark by 0.9% in the first quarter. Royal Bank of Canada now owns 3,460,069 shares of the company’s stock valued at $492,091,000 after purchasing an additional 29,453 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of several recent research reports. Piper Sandler lowered their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Barclays lowered their price objective on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. UBS Group lowered their price objective on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a report on Friday. Finally, Citigroup decreased their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a report on Thursday. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $137.00.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $119.57 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a market cap of $39.67 billion, a PE ratio of 15.84, a P/E/G ratio of 4.46 and a beta of 0.30. The business has a 50 day moving average of $128.18 and a 200 day moving average of $132.10. Kimberly-Clark Co. has a 52 week low of $119.36 and a 52 week high of $150.45.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.25. The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 earnings per share. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, September 5th. Kimberly-Clark’s dividend payout ratio is presently 69.42%.

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.