Greenwood Capital Associates LLC Has $1.84 Million Stake in Kimberly-Clark Corporation $KMB

Greenwood Capital Associates LLC lifted its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 45.0% in the 1st quarter, according to the company in its most recent disclosure 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 period. Greenwood Capital Associates LLC’s holdings in Kimberly-Clark were worth $1,838,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Frank Rimerman Advisors LLC bought a new position in Kimberly-Clark during the 1st quarter worth $687,000. Childress Capital Advisors LLC raised its holdings in Kimberly-Clark by 16.0% in the 1st quarter. Childress Capital Advisors LLC now owns 3,549 shares of the company’s stock valued at $342,000 after acquiring an additional 490 shares in the last quarter. Montag A & Associates Inc. lifted its position in shares of Kimberly-Clark by 7.1% during the 1st quarter. Montag A & Associates Inc. now owns 5,135 shares of the company’s stock valued at $502,000 after acquiring an additional 342 shares during the period. Nicholas Hoffman & Company LLC. lifted its position in shares of Kimberly-Clark by 4.8% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 11,586 shares of the company’s stock valued at $1,118,000 after acquiring an additional 535 shares during the period. Finally, Delta Capital Management LLC grew its holdings in shares of Kimberly-Clark by 4.3% during the 1st quarter. Delta Capital Management LLC now owns 8,550 shares of the company’s stock worth $825,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

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

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results 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 company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the business earned $1.93 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Insider Activity at Kimberly-Clark

In other news, VP Andrew Scribner sold 4,095 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the transaction, the insider owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 7,096 shares of company stock valued at $689,687 in the last ninety days. 0.75% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KMB has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Piper Sandler upped their price objective on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Barclays reduced their price objective on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, UBS Group boosted their target price on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $116.14.

About Kimberly-Clark

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.