Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 18,400 Shares of Kimberly-Clark Co. $KMB

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Kimberly-Clark Co. (NYSE:KMB) by 30.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,696 shares of the company’s stock after buying an additional 18,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Kimberly-Clark were worth $10,145,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter valued at $25,000. Princeton Global Asset Management LLC lifted its holdings in Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the last quarter. Financial Network Wealth Advisors LLC lifted its holdings in Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. Elequin Capital LP acquired a new stake in Kimberly-Clark during the 1st quarter valued at $36,000. Finally, Rossby Financial LCC acquired a new stake in Kimberly-Clark during the 1st quarter valued at $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.0%

Shares of NYSE KMB opened at $120.66 on Wednesday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 52 week low of $117.49 and a 52 week high of $150.45. The stock has a market capitalization of $40.03 billion, a P/E ratio of 15.98, a PEG ratio of 4.46 and a beta of 0.30. The stock’s fifty day moving average is $124.78 and its 200 day moving average is $130.45.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter last year, the business earned $1.96 earnings per share. Kimberly-Clark’s revenue was down 1.6% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were given a $1.26 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 69.42%.

Analyst Ratings Changes

Several equities research analysts have issued reports on KMB shares. UBS Group cut their price target on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Wells Fargo & Company dropped their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Evercore ISI dropped their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. Citigroup dropped their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a report on Thursday, October 9th. Finally, Piper Sandler dropped their target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $137.00.

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.