Trueblood Wealth Management LLC Sells 154 Shares of Kimberly-Clark Co. (NYSE:KMB)

Trueblood Wealth Management LLC cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 5.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,689 shares of the company’s stock after selling 154 shares during the period. Trueblood Wealth Management LLC’s holdings in Kimberly-Clark were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in KMB. Marshall Investment Management LLC bought a new stake in Kimberly-Clark in the 4th quarter valued at about $25,000. Minot DeBlois Advisors LLC bought a new stake in Kimberly-Clark in the 4th quarter valued at about $29,000. Golden State Wealth Management LLC bought a new stake in Kimberly-Clark in the 4th quarter valued at about $32,000. Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark in the 4th quarter valued at about $33,000. Finally, Roxbury Financial LLC bought a new stake in Kimberly-Clark in the 4th quarter valued at about $33,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $132.85 on Thursday. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The stock’s 50 day moving average price is $136.76 and its 200-day moving average price is $135.37. The company has a market capitalization of $44.08 billion, a PE ratio of 17.60, a PEG ratio of 4.46 and a beta of 0.38. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the business earned $2.01 EPS. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a $1.26 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.79%. Kimberly-Clark’s payout ratio is 68.66%.

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 740 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the transaction, the insider now owns 3,997 shares in the company, valued at approximately $518,410.90. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company boosted their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, March 28th. Barclays cut their price target on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. UBS Group lifted their price target on Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a research note on Thursday, April 17th. Wall Street Zen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, Royal Bank of Canada cut their price target on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $145.08.

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.