SG Americas Securities LLC Boosts Holdings in Kimberly-Clark Co. (NYSE:KMB)

Posted by Defense World Staff on Sep 21st, 2023

SG Americas Securities LLC grew its stake in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 1,494.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,946 shares of the company’s stock after buying an additional 18,695 shares during the period. SG Americas Securities LLC’s holdings in Kimberly-Clark were worth $2,754,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KMB. CVA Family Office LLC grew its position in Kimberly-Clark by 56.3% during the fourth quarter. CVA Family Office LLC now owns 225 shares of the company’s stock valued at $31,000 after buying an additional 81 shares during the period. Horizons Wealth Management acquired a new stake in Kimberly-Clark during the second quarter valued at $32,000. Carderock Capital Management Inc. acquired a new stake in Kimberly-Clark during the first quarter valued at $37,000. Venturi Wealth Management LLC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at about $38,000. Finally, McCarthy Grittinger Financial Group LLC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at about $39,000. Hedge funds and other institutional investors own 74.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. TheStreet lowered shares of Kimberly-Clark from a “b” rating to a “c+” rating in a research report on Tuesday, July 25th. Citigroup dropped their target price on shares of Kimberly-Clark from $130.00 to $126.00 in a research report on Wednesday, July 26th. StockNews.com assumed coverage on shares of Kimberly-Clark in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Bank of America dropped their target price on shares of Kimberly-Clark from $145.00 to $138.00 in a research report on Wednesday, July 26th. Finally, Barclays lifted their target price on shares of Kimberly-Clark from $137.00 to $141.00 and gave the company an “equal weight” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $135.33.

Get Our Latest Report on Kimberly-Clark

Insider Activity at Kimberly-Clark

In other news, insider Sandra R. Karrmann sold 5,122 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $129.80, for a total transaction of $664,835.60. Following the completion of the sale, the insider now owns 6,228 shares of the company’s stock, valued at $808,394.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 4,423 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $130.23, for a total value of $576,007.29. Following the sale, the insider now directly owns 28,169 shares in the company, valued at $3,668,448.87. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sandra R. Karrmann sold 5,122 shares of Kimberly-Clark stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $129.80, for a total value of $664,835.60. Following the completion of the transaction, the insider now directly owns 6,228 shares in the company, valued at approximately $808,394.40. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Kimberly-Clark Trading Up 0.5 %

NYSE KMB opened at $124.93 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 12.21. Kimberly-Clark Co. has a 52 week low of $108.74 and a 52 week high of $147.87. The stock has a market capitalization of $42.25 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 2.39 and a beta of 0.39. The firm has a 50 day moving average of $129.04 and a two-hundred day moving average of $133.79.

Kimberly-Clark (NYSE:KMB – Get Free Report) last issued its earnings results on Tuesday, July 25th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.17. Kimberly-Clark had a net margin of 8.07% and a return on equity of 303.40%. The business had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.13 billion. During the same quarter in the prior year, the business posted $1.34 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, research analysts expect that Kimberly-Clark Co. will post 6.42 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be issued a dividend of $1.18 per share. The ex-dividend date is Thursday, September 7th. This represents a $4.72 annualized dividend and a dividend yield of 3.78%. Kimberly-Clark’s payout ratio is currently 97.32%.

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.