Andra AP fonden Grows Position in Kimberly-Clark Co. (NYSE:KMB)

Andra AP fonden increased its position in Kimberly-Clark Co. (NYSE:KMB) by 7.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 301,200 shares of the company’s stock after purchasing an additional 21,700 shares during the quarter. Kimberly-Clark makes up about 0.7% of Andra AP fonden’s investment portfolio, making the stock its 21st largest holding. Andra AP fonden owned about 0.09% of Kimberly-Clark worth $41,626,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMB. Norges Bank purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $437,420,000. Price T Rowe Associates Inc. MD increased its position in Kimberly-Clark by 19.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock valued at $762,279,000 after buying an additional 944,920 shares in the last quarter. Capital World Investors increased its position in Kimberly-Clark by 23.8% during the 4th quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock valued at $234,114,000 after buying an additional 370,094 shares in the last quarter. KBC Group NV increased its position in Kimberly-Clark by 277.9% during the 4th quarter. KBC Group NV now owns 472,934 shares of the company’s stock valued at $57,466,000 after buying an additional 347,778 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in Kimberly-Clark by 32.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company’s stock valued at $188,040,000 after buying an additional 330,327 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of analyst reports. Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their price objective for the company from $115.00 to $160.00 in a research report on Thursday, June 13th. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Piper Sandler raised their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Barclays reduced their target price on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $145.67.

Kimberly-Clark Trading Up 0.2 %

NYSE:KMB opened at $147.17 on Tuesday. The firm has a market capitalization of $49.57 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 3.12 and a beta of 0.39. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. The business has a fifty day moving average price of $141.70 and a 200-day moving average price of $134.90. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.65 earnings per share. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.32%. Kimberly-Clark’s payout ratio is currently 89.71%.

Kimberly-Clark Company 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.