Greenwood Capital Associates LLC Acquires 1,159 Shares of Kimberly-Clark Co. (NYSE:KMB)

Greenwood Capital Associates LLC lifted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 11.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,438 shares of the company’s stock after acquiring an additional 1,159 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Kimberly-Clark were worth $1,627,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Rhumbline Advisers raised its stake in shares of Kimberly-Clark by 0.5% during the 4th quarter. Rhumbline Advisers now owns 728,728 shares of the company’s stock worth $95,492,000 after purchasing an additional 3,273 shares during the period. Schroder Investment Management Group increased its holdings in Kimberly-Clark by 2.8% during the fourth quarter. Schroder Investment Management Group now owns 464,053 shares of the company’s stock worth $60,615,000 after buying an additional 12,768 shares during the last quarter. Unigestion Holding SA increased its holdings in Kimberly-Clark by 8.2% during the first quarter. Unigestion Holding SA now owns 127,623 shares of the company’s stock worth $18,145,000 after buying an additional 9,643 shares during the last quarter. Farmers Trust Co. raised its position in Kimberly-Clark by 108.6% in the first quarter. Farmers Trust Co. now owns 45,088 shares of the company’s stock worth $6,412,000 after acquiring an additional 23,472 shares during the period. Finally, Van ECK Associates Corp boosted its stake in Kimberly-Clark by 630.9% in the fourth quarter. Van ECK Associates Corp now owns 25,639 shares of the company’s stock valued at $3,360,000 after acquiring an additional 22,131 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Katy Chen sold 740 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the sale, the insider now owns 3,997 shares in the company, valued at approximately $518,410.90. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Down 0.1%

KMB stock opened at $132.85 on Thursday. The stock has a 50-day simple moving average of $136.76 and a two-hundred day simple moving average of $135.37. The firm 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. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. 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 posted its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same period in the prior year, the company posted $2.01 EPS. On average, equities analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders 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 dividend on an annualized basis and a yield of 3.79%. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KMB. UBS Group lifted their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th. Royal Bank of Canada decreased their target price on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Evercore ISI dropped their price target on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company increased their price target on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, March 28th. Finally, Piper Sandler decreased their price objective on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $145.08.

Kimberly-Clark Profile

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.