Truist Financial Corp Has $31.94 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Truist Financial Corp lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 262,890 shares of the company's stock after selling 60,116 shares during the quarter. Truist Financial Corp owned about 0.08% of Kimberly-Clark worth $31,944,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in KMB. Sequoia Financial Advisors LLC boosted its position in Kimberly-Clark by 204.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company's stock worth $2,500,000 after acquiring an additional 13,806 shares during the last quarter. PFG Investments LLC grew its position in shares of Kimberly-Clark by 11.2% in the third quarter. PFG Investments LLC now owns 2,082 shares of the company's stock valued at $252,000 after purchasing an additional 209 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in Kimberly-Clark in the fourth quarter valued at $4,253,000. Rockline Wealth Management LLC purchased a new position in Kimberly-Clark during the fourth quarter worth about $1,661,000. Finally, Nordea Investment Management AB boosted its stake in Kimberly-Clark by 28.3% in the 4th quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company's stock worth $202,740,000 after buying an additional 368,505 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KMB. Evercore ISI upgraded shares of Kimberly-Clark from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $133.00 to $150.00 in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a "hold" rating in a research note on Thursday, March 28th. HSBC upped their price objective on Kimberly-Clark from $146.00 to $150.00 and gave the stock a "hold" rating in a report on Wednesday, April 24th. Piper Sandler lifted their target price on Kimberly-Clark from $145.00 to $152.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Finally, Barclays upped their price target on Kimberly-Clark from $132.00 to $136.00 and gave the stock an "equal weight" rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and a consensus target price of $134.85.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 6,390 shares of Kimberly-Clark stock in a transaction on Monday, April 29th. The shares were sold at an average price of $135.59, for a total value of $866,420.10. Following the completion of the transaction, the insider now owns 33,649 shares of the company's stock, valued at $4,562,467.91. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Jeffrey P. Melucci sold 6,390 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $135.59, for a total transaction of $866,420.10. Following the sale, the insider now directly owns 33,649 shares in the company, valued at approximately $4,562,467.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paula Ramos sold 10,178 shares of the business's stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the transaction, the insider now owns 795 shares of the company's stock, valued at approximately $109,050.15. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Up 0.5 %

Kimberly-Clark stock traded up $0.69 during midday trading on Monday, hitting $135.93. 2,147,859 shares of the stock were exchanged, compared to its average volume of 2,230,626. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.02. The firm has a market cap of $45.77 billion, a P/E ratio of 24.99, a P/E/G ratio of 3.85 and a beta of 0.40. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. The company has a 50 day moving average price of $126.22 and a two-hundred day moving average price of $123.03.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.40. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm's revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 EPS. On average, sell-side analysts predict that Kimberly-Clark Co. will post 7 earnings per share for the current fiscal year.

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.