Greenfield Savings Bank Has $893,000 Holdings in Kimberly-Clark Co. (NYSE:KMB)

Greenfield Savings Bank lessened its position in Kimberly-Clark Co. (NYSE:KMB) by 2.7% in the third quarter, HoldingsChannel reports. The fund owned 6,275 shares of the company’s stock after selling 176 shares during the quarter. Greenfield Savings Bank’s holdings in Kimberly-Clark were worth $893,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Kimberly-Clark by 18.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock valued at $58,738,000 after acquiring an additional 69,794 shares during the period. Virtu Financial LLC boosted its position in shares of Kimberly-Clark by 506.8% during the fourth quarter. Virtu Financial LLC now owns 12,955 shares of the company’s stock valued at $1,574,000 after buying an additional 10,820 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of Kimberly-Clark during the second quarter valued at approximately $14,751,000. Swedbank AB boosted its position in shares of Kimberly-Clark by 4.0% during the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock valued at $22,956,000 after buying an additional 6,392 shares during the last quarter. Finally, PGGM Investments boosted its position in shares of Kimberly-Clark by 84.6% during the second quarter. PGGM Investments now owns 25,927 shares of the company’s stock valued at $3,583,000 after buying an additional 11,882 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Activity

In related news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $140.78 on Tuesday. The stock has a market cap of $47.40 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.39. Kimberly-Clark Co. has a fifty-two week low of $116.63 and a fifty-two week high of $149.30. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. The stock has a fifty day moving average of $142.24 and a 200-day moving average of $137.30.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. The business had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 EPS. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.47%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and lifted their target price for the company from $115.00 to $160.00 in a research report on Thursday, June 13th. Argus raised Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, July 24th. Piper Sandler lifted their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Wells Fargo & Company lowered their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $145.67.

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.