Kimberly-Clark Co. $KMB Shares Purchased by Avanza Fonder AB

Key Points

• Avanza Fonder AB increased its holdings in Kimberly-Clark Co. by 10.5% during the second quarter, acquiring an additional 3,246 shares, bringing its total to 34,205 shares valued at $4,410,000.
• Kimberly-Clark's latest earnings report showed earnings per share of $1.92, exceeding estimates, although revenue fell short of expectations at $4.16 billion.
• The company will pay a quarterly dividend of $1.26 per share, translating to a 4.0% dividend yield, with the ex-dividend date set for Friday, September 5th.

Avanza Fonder AB increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 10.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,205 shares of the company's stock after buying an additional 3,246 shares during the quarter. Avanza Fonder AB's holdings in Kimberly-Clark were worth $4,410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. First Pacific Financial bought a new position in Kimberly-Clark in the 1st quarter worth approximately $26,000. Financial Network Wealth Advisors LLC increased its position in Kimberly-Clark by 176.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. Elequin Capital LP bought a new stake in Kimberly-Clark during the 1st quarter worth about $36,000. AlphaCore Capital LLC bought a new stake in shares of Kimberly-Clark in the 1st quarter valued at about $37,000. Finally, Rossby Financial LCC bought a new stake in shares of Kimberly-Clark in the first quarter worth about $37,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their price target for the company from $125.00 to $138.00 in a research note on Monday, August 4th. UBS Group dropped their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Barclays boosted their price target on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Evercore ISI cut their price target on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Piper Sandler began coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $142.20.

Kimberly-Clark Price Performance

Shares of NYSE:KMB traded down $0.55 on Monday, hitting $124.07. The company's stock had a trading volume of 2,683,760 shares, compared to its average volume of 2,330,537. The company has a market capitalization of $41.16 billion, a PE ratio of 16.43, a PEG ratio of 4.46 and a beta of 0.32. The company has a 50-day simple moving average of $129.67 and a 200 day simple moving average of $133.77. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 1 year low of $123.80 and a 1 year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the previous year, the firm posted $1.96 earnings per share. Kimberly-Clark's quarterly revenue was down 1.6% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's payout ratio is 69.42%.

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.