Greenwood Capital Associates LLC Purchases 5,916 Shares of Kimberly-Clark Corporation $KMB

Greenwood Capital Associates LLC increased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 45.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,050 shares of the company’s stock after buying an additional 5,916 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Kimberly-Clark were worth $1,838,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the 2nd quarter worth approximately $27,000. Godfrey Financial Associates Inc. acquired a new position in shares of Kimberly-Clark during the 4th quarter worth about $25,000. Eagle Bay Advisors LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth about $28,000. CrossGen Wealth LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $27,000. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Kimberly-Clark by 96.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after purchasing an additional 140 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Katy Chen sold 1,596 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the transaction, the insider owned 8,362 shares in the company, valued at $797,233.08. The trade was a 16.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 7,096 shares of company stock valued at $689,687 over the last 90 days. 0.75% of the stock is currently owned by corporate insiders.

Kimberly-Clark Stock Down 3.3%

Shares of KMB opened at $110.98 on Thursday. The firm has a market cap of $36.84 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 5.14 and a beta of 0.26. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $137.46. The firm’s 50-day simple moving average is $101.67 and its 200 day simple moving average is $101.33.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the business posted $1.93 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts forecast that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, June 5th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 80.38%.

Analysts Set New Price Targets

A number of equities analysts recently commented on KMB shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Wednesday, June 24th. Barclays cut their price objective on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Piper Sandler lifted their target price on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. Bank of America decreased their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $116.14.

Kimberly-Clark Company 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.