SBI Securities Co. Ltd. Purchases Shares of 2,615 Kimberly-Clark Co. (NYSE:KMB)

SBI Securities Co. Ltd. purchased a new stake in Kimberly-Clark Co. (NYSE:KMB) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,615 shares of the company’s stock, valued at approximately $343,000.

Several other institutional investors also recently modified their holdings of KMB. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Kimberly-Clark in the fourth quarter valued at $25,000. Marshall Investment Management LLC bought a new position in shares of Kimberly-Clark in the fourth quarter valued at $25,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark in the third quarter valued at $29,000. Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark during the 4th quarter valued at $32,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark during the 4th quarter valued at $33,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.5 %

Shares of NYSE:KMB opened at $141.79 on Thursday. The stock has a market capitalization of $47.03 billion, a PE ratio of 18.78, a P/E/G ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a 1 year low of $123.02 and a 1 year high of $149.31. The firm has a fifty day moving average price of $131.92 and a 200 day moving average price of $136.52. 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 (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a $1.26 dividend. The ex-dividend date is Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a yield of 3.55%. Kimberly-Clark’s dividend payout ratio is currently 66.75%.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the sale, the vice president now directly owns 2,553 shares in the company, valued at approximately $357,420. This represents a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KMB has been the topic of several recent analyst reports. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. UBS Group boosted their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Piper Sandler reissued an “overweight” rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Finally, Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $143.64.

Kimberly-Clark 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.