NBC Securities Inc. Buys 7,462 Shares of Kimberly-Clark Co. (NYSE:KMB)

NBC Securities Inc. increased its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 106,600.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,469 shares of the company's stock after acquiring an additional 7,462 shares during the period. NBC Securities Inc.'s holdings in Kimberly-Clark were worth $1,062,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Kimberly-Clark in the 4th quarter worth about $25,000. Marshall Investment Management LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth about $25,000. Minot DeBlois Advisors LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth about $29,000. Golden State Wealth Management LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth about $32,000. Finally, Strategic Financial Concepts LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth about $33,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kimberly-Clark

In other news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the sale, the insider now owns 3,997 shares of the company's stock, valued at approximately $518,410.90. This trade represents a 15.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reduced their price objective on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Barclays cut their price target on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their price target on Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research note on Friday, April 11th. Wells Fargo & Company raised their price target on Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Friday, March 28th. Finally, Piper Sandler lowered their price objective on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and a consensus target price of $145.08.

Kimberly-Clark Stock Performance

KMB traded down $3.13 during midday trading on Thursday, reaching $135.30. The company's stock had a trading volume of 3,515,368 shares, compared to its average volume of 2,177,426. The stock has a market cap of $44.89 billion, a P/E ratio of 17.92, a PEG ratio of 4.46 and a beta of 0.35. The company has a fifty day simple moving average of $137.63 and a 200 day simple moving average of $135.48. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter last year, the firm posted $2.01 EPS. Research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is currently 68.66%.

About Kimberly-Clark

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.