Greenleaf Trust Acquires 441 Shares of Kimberly-Clark Co. (NYSE:KMB)

Greenleaf Trust lifted its holdings in Kimberly-Clark Co. (NYSE:KMBFree Report) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,642 shares of the company’s stock after buying an additional 441 shares during the quarter. Greenleaf Trust’s holdings in Kimberly-Clark were worth $1,528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. S&CO Inc. raised its holdings in shares of Kimberly-Clark by 0.4% in the third quarter. S&CO Inc. now owns 24,914 shares of the company’s stock worth $3,010,000 after buying an additional 100 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake in Kimberly-Clark by 552.4% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 456,458 shares of the company’s stock worth $55,163,000 after purchasing an additional 386,497 shares in the last quarter. Prime Capital Investment Advisors LLC grew its stake in Kimberly-Clark by 1.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 10,791 shares of the company’s stock worth $1,304,000 after purchasing an additional 199 shares in the last quarter. Wealth Alliance grew its stake in Kimberly-Clark by 14.1% in the third quarter. Wealth Alliance now owns 7,451 shares of the company’s stock worth $900,000 after purchasing an additional 918 shares in the last quarter. Finally, Blair William & Co. IL grew its stake in Kimberly-Clark by 17.7% in the third quarter. Blair William & Co. IL now owns 127,462 shares of the company’s stock worth $15,404,000 after purchasing an additional 19,176 shares in the last quarter. 74.38% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $120.07 on Tuesday. The firm has a market capitalization of $40.45 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 3.77 and a beta of 0.41. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54. The business has a fifty day moving average of $121.59 and a 200 day moving average of $123.08. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.87.

Kimberly-Clark (NYSE:KMBGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.54 EPS. As a group, research analysts expect that Kimberly-Clark Co. will post 6.83 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 4.06%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s dividend payout ratio (DPR) is presently 90.77%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Tristram Wilkinson sold 3,720 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $121.00, for a total transaction of $450,120.00. Following the sale, the insider now directly owns 17,229 shares in the company, valued at approximately $2,084,709. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jeffrey P. Melucci sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $121.71, for a total transaction of $365,130.00. Following the sale, the insider now directly owns 25,169 shares in the company, valued at approximately $3,063,318.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tristram Wilkinson sold 3,720 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the sale, the insider now owns 17,229 shares in the company, valued at $2,084,709. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KMB. Barclays dropped their price objective on Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Friday, January 26th. Bank of America cut Kimberly-Clark from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $135.00 to $115.00 in a research report on Friday, December 15th. Royal Bank of Canada dropped their target price on Kimberly-Clark from $125.00 to $123.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 25th. JPMorgan Chase & Co. increased their target price on Kimberly-Clark from $119.00 to $125.00 and gave the company an “underweight” rating in a research report on Thursday, January 18th. Finally, Piper Sandler began coverage on Kimberly-Clark in a research report on Friday, November 17th. They set an “overweight” rating and a $146.00 target price on the stock. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $130.14.

Check Out Our Latest Research Report on Kimberly-Clark

Kimberly-Clark Profile

(Free Report)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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.

Further Reading

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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