SG Americas Securities LLC Acquires 5,741 Shares of Kimberly-Clark Corporation $KMB

SG Americas Securities LLC lifted its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 87.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,273 shares of the company’s stock after purchasing an additional 5,741 shares during the period. SG Americas Securities LLC’s holdings in Kimberly-Clark were worth $1,582,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC lifted its stake in Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after buying an additional 125 shares during the period. Investment Research & Advisory Group Inc. bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at $25,000. Princeton Global Asset Management LLC lifted its position in shares of Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after acquiring an additional 188 shares during the period. Elequin Capital LP acquired a new position in shares of Kimberly-Clark during the 1st quarter valued at $36,000. Finally, AlphaCore Capital LLC bought a new position in Kimberly-Clark during the first quarter worth $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 1.4%

Shares of NASDAQ:KMB opened at $103.76 on Friday. The business’s 50 day moving average is $116.47 and its 200 day moving average is $126.90. Kimberly-Clark Corporation has a 12-month low of $99.22 and a 12-month high of $150.45. The stock has a market cap of $34.43 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 3.67 and a beta of 0.26. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same period in the prior year, the firm posted $1.83 EPS. Kimberly-Clark’s quarterly revenue was up .1% compared to the same quarter last year. On average, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Friday, December 5th. Kimberly-Clark’s dividend payout ratio is presently 85.28%.

Analyst Ratings Changes

Several research firms have weighed in on KMB. JPMorgan Chase & Co. lifted their price target on shares of Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Morgan Stanley dropped their price target on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimberly-Clark in a report on Wednesday. Cowen restated a “hold” rating on shares of Kimberly-Clark in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada reiterated an “overweight” rating and issued a $162.00 target price on shares of Kimberly-Clark in a report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $128.91.

Kimberly-Clark Company 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.