True Freedom Investing LLC Purchases Shares of 52,561 Kimberly-Clark Corporation $KMB

True Freedom Investing LLC acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 52,561 shares of the company’s stock, valued at approximately $5,071,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMB. Vanguard Group Inc. raised its position in Kimberly-Clark by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock worth $4,121,027,000 after purchasing an additional 315,981 shares in the last quarter. BlackRock Inc. bought a new position in Kimberly-Clark during the second quarter worth about $3,547,915,000. State Street Corp boosted its holdings in Kimberly-Clark by 1.4% during the fourth quarter. State Street Corp now owns 21,125,118 shares of the company’s stock valued at $2,157,746,000 after purchasing an additional 294,228 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Kimberly-Clark by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock valued at $1,202,322,000 after purchasing an additional 299,382 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Kimberly-Clark by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock valued at $836,216,000 after purchasing an additional 65,619 shares during the period. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $109.31 on Friday. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $134.38. The company has a 50 day moving average of $108.89 and a 200-day moving average of $103.43. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The firm has a market cap of $36.35 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 5.20 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. On average, equities analysts forecast that Kimberly-Clark Corporation will post 7.43 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 Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on KMB shares. Barclays increased their target price on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Piper Sandler reiterated an “overweight” rating on shares of Kimberly-Clark in a research note on Wednesday. Finally, TD Cowen lifted their price objective on Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.