Danske Bank A S Invests $17.21 Million in Kimberly-Clark Corporation $KMB

Danske Bank A S bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, HoldingsChannel reports. The fund bought 156,778 shares of the company’s stock, valued at approximately $17,210,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Ally Financial Inc. purchased a new stake in Kimberly-Clark during the 4th quarter valued at $1,009,000. Westpac Banking Corp boosted its stake in shares of Kimberly-Clark by 25.0% in the 4th quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock worth $5,462,000 after buying an additional 10,811 shares during the last quarter. Oddo BHF Asset Management Sas boosted its stake in shares of Kimberly-Clark by 29.6% in the 4th quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock worth $6,234,000 after buying an additional 14,115 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Kimberly-Clark in the fourth quarter worth $1,047,000. Finally, Vaughan David Investments LLC IL grew its holdings in shares of Kimberly-Clark by 6.4% in the fourth quarter. Vaughan David Investments LLC IL now owns 299,642 shares of the company’s stock worth $30,231,000 after acquiring an additional 17,955 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $108.69 on Friday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The stock has a 50-day simple moving average of $108.75 and a two-hundred day simple moving average of $103.39. The firm has a market capitalization of $36.15 billion, a PE ratio of 18.48, a P/E/G ratio of 5.23 and a beta of 0.26. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $134.38.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the business earned $1.92 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Analysts forecast that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is currently 87.07%.

Analysts Set New Price Targets

Several research firms have recently commented on KMB. Wells Fargo & Company upped their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Finally, TD Cowen upped their target price on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $117.93.

About Kimberly-Clark

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.