Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 26,600 Shares of Kimberly-Clark Corporation $KMB

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 34.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 104,396 shares of the company’s stock after buying an additional 26,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Kimberly-Clark were worth $10,071,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of Kimberly-Clark by 26,997.7% during the 4th quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock valued at $743,399,000 after acquiring an additional 7,341,215 shares during the last quarter. Norges Bank bought a new stake in Kimberly-Clark during the fourth quarter worth approximately $521,184,000. Massachusetts Financial Services Co. MA boosted its position in Kimberly-Clark by 50.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after purchasing an additional 2,628,206 shares during the period. State Street Corp grew its holdings in Kimberly-Clark by 5.0% during the third quarter. State Street Corp now owns 20,830,890 shares of the company’s stock valued at $2,615,382,000 after purchasing an additional 997,397 shares during the last quarter. Finally, TOMS Capital Investment Management LP acquired a new position in Kimberly-Clark during the fourth quarter valued at approximately $92,314,000. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. The trade was a 16.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,096 shares of company stock worth $689,687 over the last 90 days. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KMB. Barclays reduced their price objective on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. UBS Group raised their target price on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Wednesday, June 24th. Piper Sandler boosted their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $115.43.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $114.72 on Friday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $137.46. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. The firm has a market cap of $38.08 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 5.14 and a beta of 0.26. The stock has a 50 day moving average of $100.78 and a 200-day moving average of $101.12.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the company posted $1.93 earnings per share. Kimberly-Clark’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, June 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 80.38%.

Kimberly-Clark Company 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.