Citigroup Inc. Increases Position in Kimberly-Clark Corporation $KMB

Citigroup Inc. lifted its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 3.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 399,630 shares of the company’s stock after purchasing an additional 14,386 shares during the period. Citigroup Inc.’s holdings in Kimberly-Clark were worth $49,690,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Cloud Capital Management LLC purchased a new stake in Kimberly-Clark during the 3rd quarter worth about $25,000. Winnow Wealth LLC purchased a new position in shares of Kimberly-Clark in the 2nd quarter valued at about $27,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth about $27,000. True Wealth Design LLC lifted its stake in Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in Kimberly-Clark by 105.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock valued at $32,000 after purchasing an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 1.4%

Shares of Kimberly-Clark stock opened at $110.51 on Tuesday. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The company has a market capitalization of $36.68 billion, a P/E ratio of 18.21, a PEG ratio of 3.92 and a beta of 0.26. Kimberly-Clark Corporation has a 1 year low of $96.26 and a 1 year high of $150.45. The company’s fifty day moving average is $102.21 and its two-hundred day moving average is $112.70.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the prior year, the company earned $1.50 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. Analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a $1.28 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date is Friday, March 6th. This represents a $5.12 annualized dividend and a dividend yield of 4.6%. Kimberly-Clark’s dividend payout ratio (DPR) is 83.03%.

Insider Activity

In other news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KMB. Zacks Research raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Royal Bank Of Canada reiterated an “overweight” rating and set a $162.00 price target on shares of Kimberly-Clark in a research note on Tuesday, October 28th. TD Cowen reduced their price target on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $119.00.

Kimberly-Clark 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.