Sunbelt Securities Inc. Boosts Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Sunbelt Securities Inc. boosted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,401 shares of the company’s stock after purchasing an additional 839 shares during the quarter. Sunbelt Securities Inc.’s holdings in Kimberly-Clark were worth $1,852,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Rise Advisors LLC increased its holdings in shares of Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after acquiring an additional 176 shares during the last quarter. Crewe Advisors LLC acquired a new stake in Kimberly-Clark during the 1st quarter worth approximately $27,000. New Millennium Group LLC purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $32,000. Finally, Fortitude Family Office LLC raised its stake in shares of Kimberly-Clark by 333.3% during the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB stock opened at $142.54 on Monday. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $149.30. The stock’s fifty day simple moving average is $142.16 and its 200-day simple moving average is $136.71. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The stock has a market capitalization of $47.99 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 3.00 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the firm earned $1.65 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts expect that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s payout ratio is currently 89.71%.

Analyst Ratings Changes

Several research firms recently weighed in on KMB. Argus raised Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. TD Cowen began coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective for the company. BNP Paribas began coverage on Kimberly-Clark in a research report on Monday, June 24th. They set a “neutral” rating and a $146.00 price target for the company. Piper Sandler raised their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $145.67.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now owns 7,377 shares in the company, valued at $1,038,976.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

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.