SG Americas Securities LLC Increases Stock Holdings in Kimberly-Clark Corporation $KMB

SG Americas Securities LLC boosted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 2,900.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 364,899 shares of the company’s stock after buying an additional 352,737 shares during the period. SG Americas Securities LLC owned approximately 0.11% of Kimberly-Clark worth $36,815,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KMB. Monarch Capital Management Inc. increased its position in Kimberly-Clark by 1.9% during the second quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock valued at $568,000 after acquiring an additional 81 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in shares of Kimberly-Clark by 3.5% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock worth $321,000 after acquiring an additional 87 shares during the last quarter. Bill Few Associates Inc. boosted its stake in shares of Kimberly-Clark by 2.2% during the 3rd quarter. Bill Few Associates Inc. now owns 4,787 shares of the company’s stock worth $595,000 after purchasing an additional 103 shares during the period. NTV Asset Management LLC boosted its stake in shares of Kimberly-Clark by 4.1% during the 3rd quarter. NTV Asset Management LLC now owns 2,640 shares of the company’s stock worth $328,000 after purchasing an additional 103 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. grew its holdings in Kimberly-Clark by 1.8% during the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,729 shares of the company’s stock valued at $712,000 after purchasing an additional 104 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Up 0.4%

Shares of NASDAQ KMB opened at $99.36 on Thursday. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The firm has a market capitalization of $32.98 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 3.52 and a beta of 0.24. The stock has a 50 day moving average price of $103.48 and a 200 day moving average price of $108.44. Kimberly-Clark Corporation has a 52-week low of $96.26 and a 52-week high of $147.12.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.81 by $0.05. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.Kimberly-Clark’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $1.50 EPS. Sell-side analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s dividend payout ratio is currently 84.35%.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

KMB has been the topic of a number of recent analyst reports. TD Cowen reduced their price objective on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. BNP Paribas Exane reiterated a “neutral” rating and issued a $110.00 price target on shares of Kimberly-Clark in a report on Monday, December 1st. Piper Sandler decreased their price target on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $116.42.

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.