Trinity Financial Advisors LLC Invests $181.76 Million in Kimberly-Clark Co. (NYSE:KMB)

Trinity Financial Advisors LLC purchased a new position in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,278,037 shares of the company's stock, valued at approximately $181,762,000. Kimberly-Clark comprises about 36.9% of Trinity Financial Advisors LLC's portfolio, making the stock its largest position. Trinity Financial Advisors LLC owned 0.39% of Kimberly-Clark at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Donaldson Capital Management LLC purchased a new stake in shares of Kimberly-Clark in the 1st quarter worth about $355,000. Bard Financial Services Inc. lifted its position in shares of Kimberly-Clark by 2.0% in the 1st quarter. Bard Financial Services Inc. now owns 6,375 shares of the company's stock worth $907,000 after purchasing an additional 125 shares during the period. My Legacy Advisors LLC lifted its position in shares of Kimberly-Clark by 6.1% in the 1st quarter. My Legacy Advisors LLC now owns 2,062 shares of the company's stock worth $293,000 after purchasing an additional 118 shares during the period. CX Institutional lifted its position in shares of Kimberly-Clark by 8.4% in the 1st quarter. CX Institutional now owns 6,496 shares of the company's stock worth $924,000 after purchasing an additional 501 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Kimberly-Clark by 2.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 601,676 shares of the company's stock worth $85,570,000 after purchasing an additional 11,905 shares during the period. Institutional investors own 76.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KMB shares. Barclays lowered their price target on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Piper Sandler lowered their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Evercore ISI lowered their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Royal Bank of Canada lowered their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company lifted their target price on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, March 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $143.73.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total value of $234,547.56. Following the completion of the transaction, the insider now directly owns 3,098 shares in the company, valued at $405,032.52. This represents a 36.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.64% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Performance

Shares of KMB stock traded down $3.05 during trading hours on Friday, reaching $130.84. The company had a trading volume of 1,837,762 shares, compared to its average volume of 2,174,788. The business has a fifty day moving average price of $136.70 and a 200-day moving average price of $135.25. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The firm has a market cap of $43.41 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 4.46 and a beta of 0.38. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the business posted $2.01 earnings per share. Sell-side analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.85%. Kimberly-Clark's dividend payout ratio (DPR) is 68.66%.

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.