SG Americas Securities LLC Acquires 352,737 Shares of Kimberly-Clark Corporation $KMB

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

Other large investors also recently bought and sold shares of the company. Monarch Capital Management Inc. lifted its holdings in Kimberly-Clark by 1.9% during the second quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock worth $568,000 after buying an additional 81 shares during the period. Deseret Mutual Benefit Administrators increased 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 valued at $321,000 after acquiring an additional 87 shares during the period. Bill Few Associates Inc. raised its position in shares of Kimberly-Clark by 2.2% in the 3rd quarter. Bill Few Associates Inc. now owns 4,787 shares of the company’s stock worth $595,000 after acquiring an additional 103 shares in the last quarter. NTV Asset Management LLC lifted 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 last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. lifted its stake in shares of Kimberly-Clark by 1.8% during the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,729 shares of the company’s stock worth $712,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KMB shares. UBS Group lifted their target price on Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Piper Sandler decreased their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Kimberly-Clark in a research report on Monday, December 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $116.42.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.64% of the stock is owned by company insiders.

Kimberly-Clark Stock Up 0.4%

Shares of KMB stock opened at $99.36 on Thursday. The stock’s fifty day moving average price is $103.48 and its 200 day moving average price is $108.44. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $147.12. The company has a market cap of $32.98 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 3.52 and a beta of 0.24. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54.

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

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s payout ratio is 84.35%.

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.