Kimberly-Clark Corporation $KMB Stock Position Decreased by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 43.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 207,501 shares of the company’s stock after selling 157,398 shares during the quarter. SG Americas Securities LLC’s holdings in Kimberly-Clark were worth $20,018,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after purchasing an additional 2,765 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Kimberly-Clark by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock valued at $46,923,000 after purchasing an additional 24,698 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of Kimberly-Clark by 44.3% during the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock valued at $36,698,000 after purchasing an additional 87,455 shares in the last quarter. Main Street Financial Solutions LLC lifted its holdings in Kimberly-Clark by 11.0% in the second quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock worth $424,000 after purchasing an additional 326 shares during the period. Finally, HUB Investment Partners LLC lifted its holdings in Kimberly-Clark by 20.5% in the second quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock worth $1,372,000 after purchasing an additional 1,811 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider directly owned 8,362 shares of the company’s stock, valued at $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The disclosure for this sale is available in the SEC filing. Insiders sold 7,096 shares of company stock valued at $689,687 over the last three months. Insiders own 0.75% of the company’s stock.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $106.69 on Thursday. The firm’s 50 day simple moving average is $98.87 and its 200-day simple moving average is $100.70. The company has a market cap of $35.41 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 4.66 and a beta of 0.28. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $137.46.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.04. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.93 EPS. As a group, equities research analysts predict that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a $1.28 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 annualized dividend and a dividend yield of 4.8%. Kimberly-Clark’s payout ratio is presently 80.38%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KMB. UBS Group increased their price objective on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Barclays cut their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Wells Fargo & Company decreased their price target on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average price target of $115.43.

Kimberly-Clark Company Profile

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.