Kimberly-Clark Co. (NYSE:KMB) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 96.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,532 shares of the company's stock after selling 191,925 shares during the quarter. SG Americas Securities LLC's holdings in Kimberly-Clark were worth $929,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Kimberly-Clark by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock valued at $4,605,079,000 after buying an additional 4,603,787 shares during the period. Charles Schwab Investment Management Inc. grew its position in Kimberly-Clark by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company's stock valued at $1,387,709,000 after acquiring an additional 529,223 shares in the last quarter. Geode Capital Management LLC grew its position in Kimberly-Clark by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company's stock valued at $1,113,444,000 after acquiring an additional 797,953 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Kimberly-Clark by 5.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company's stock worth $986,616,000 after purchasing an additional 417,118 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Kimberly-Clark by 21.9% during the fourth quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock worth $740,868,000 after purchasing an additional 1,015,141 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Piper Sandler decreased their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research note on Friday, April 11th. Barclays cut their price objective on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Finally, Wells Fargo & Company lifted their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $143.73.

Kimberly-Clark Stock Down 0.8%

Shares of KMB stock traded down $0.97 on Thursday, reaching $127.96. 3,087,751 shares of the stock were exchanged, compared to its average volume of 2,184,175. The company has a market capitalization of $42.46 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 4.46 and a beta of 0.38. The business's 50 day moving average price is $136.38 and its 200 day moving average price is $135.06. 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 announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the business earned $2.01 EPS. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be paid a $1.26 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.94%. Kimberly-Clark's dividend payout ratio is currently 68.66%.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total transaction of $234,547.56. Following the transaction, the insider now owns 3,098 shares of the company's stock, valued at approximately $405,032.52. This trade represents a 36.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is owned by corporate insiders.

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.