Greenleaf Trust Sells 1,880 Shares of Kimberly-Clark Co. $KMB

Greenleaf Trust lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 12.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,487 shares of the company’s stock after selling 1,880 shares during the quarter. Greenleaf Trust’s holdings in Kimberly-Clark were worth $1,739,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Strs Ohio bought a new position in Kimberly-Clark in the 1st quarter valued at $12,854,000. Elevate Capital Advisors LLC grew its position in Kimberly-Clark by 46.4% in the 1st quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company’s stock valued at $1,770,000 after acquiring an additional 3,944 shares during the last quarter. Citigroup Inc. grew its position in shares of Kimberly-Clark by 86.8% during the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock worth $72,473,000 after buying an additional 236,733 shares in the last quarter. Unigestion Holding SA grew its position in shares of Kimberly-Clark by 8.2% during the 1st 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 in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Kimberly-Clark by 270.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock worth $140,043,000 after buying an additional 718,720 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Piper Sandler assumed coverage on Kimberly-Clark in a research report on Friday, July 18th. They set an “overweight” rating and a $144.00 price target on the stock. UBS Group dropped their price target on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 17th. Barclays increased their price target on Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. raised Kimberly-Clark from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Finally, Evercore ISI dropped their price target on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, September 22nd. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $141.20.

Kimberly-Clark Trading Up 1.4%

Kimberly-Clark stock opened at $124.34 on Wednesday. The stock has a 50-day moving average of $129.14 and a two-hundred day moving average of $133.03. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a one year low of $121.02 and a one year high of $150.45. The stock has a market cap of $41.25 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same period last year, the business posted $1.96 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, September 5th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 69.42%.

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.