Swedbank AB Buys 21,636 Shares of Kimberly-Clark Corporation $KMB

Swedbank AB boosted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 10.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 233,093 shares of the company’s stock after purchasing an additional 21,636 shares during the quarter. Swedbank AB’s holdings in Kimberly-Clark were worth $23,517,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in KMB. Cloud Capital Management LLC bought a new stake in Kimberly-Clark during the third quarter valued at about $25,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark during the second quarter valued at about $27,000. Eagle Bay Advisors LLC bought a new stake in Kimberly-Clark during the fourth quarter valued at about $28,000. Newbridge Financial Services Group Inc. boosted its position in Kimberly-Clark by 96.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after purchasing an additional 140 shares in the last quarter. Finally, Entrust Financial LLC bought a new stake in Kimberly-Clark during the fourth quarter valued at about $32,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $99.14 on Tuesday. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $144.30. The stock’s fifty day moving average price is $97.72 and its 200 day moving average price is $101.37. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. The company has a market cap of $32.91 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 4.45 and a beta of 0.29.

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

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 5.2%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s payout ratio is 80.38%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group raised their price objective on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Piper Sandler dropped their price objective on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company dropped their target price on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Finally, Barclays dropped their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Four equities research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $114.93.

Insider Activity

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the sale, 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 Securities & Exchange Commission, 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 business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 7,096 shares of company stock worth $689,687. Company insiders own 0.75% of the company’s stock.

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.