4,313,640 Shares in Kimberly-Clark Corporation $KMB Acquired by Norges Bank

Norges Bank acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,313,640 shares of the company’s stock, valued at approximately $556,114,000. Norges Bank owned about 1.30% of Kimberly-Clark as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Investment Research & Advisory Group Inc. purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth $25,000. Princeton Global Asset Management LLC increased its position in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares during the last quarter. Winnow Wealth LLC purchased a new position in Kimberly-Clark during the second quarter worth about $27,000. Financial Network Wealth Advisors LLC raised its stake in Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares during the period. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in Kimberly-Clark by 105.8% in the 2nd 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 during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Up 0.8%

NASDAQ:KMB opened at $109.16 on Friday. Kimberly-Clark Corporation has a 52 week low of $99.22 and a 52 week high of $150.45. The stock’s fifty day moving average is $114.22 and its two-hundred day moving average is $125.74. The stock has a market capitalization of $36.23 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the prior year, the company earned $1.83 EPS. Kimberly-Clark’s revenue was up .1% on a year-over-year basis. Research analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, December 5th. Kimberly-Clark’s dividend payout ratio is currently 85.28%.

Wall Street Analyst Weigh In

KMB has been the subject of a number of recent analyst reports. Cowen restated a “hold” rating on shares of Kimberly-Clark in a report on Tuesday, November 4th. Royal Bank Of Canada reiterated an “overweight” rating and issued a $162.00 price objective on shares of Kimberly-Clark in a research report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Kimberly-Clark in a research note on Tuesday. TD Cowen decreased their price target on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. Finally, Wells Fargo & Company cut their price objective on Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price of $128.91.

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.