Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 34,700 Shares of Kimberly-Clark Co. (NYSE:KMB)

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund sold 34,700 shares of Kimberly-Clark, reducing its stake by 36.5% and holding 60,296 shares valued at approximately $8.57 million.
• Kimberly-Clark reported earnings per share** of $1.92**, exceeding the consensus estimate of $1.67, despite a 1.6% decline in quarterly revenue compared to the previous year.
• The company announced a quarterly dividend of **$1.26 per share**, providing an annualized dividend yield of **3.8%**, with the payout scheduled for October 2nd.

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 36.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,296 shares of the company's stock after selling 34,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Kimberly-Clark were worth $8,575,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. First Pacific Financial purchased a new position in Kimberly-Clark in the first quarter worth about $26,000. Financial Network Wealth Advisors LLC grew its stake in shares of Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock worth $28,000 after acquiring an additional 125 shares during the period. Minot DeBlois Advisors LLC bought a new stake in shares of Kimberly-Clark in the fourth quarter worth approximately $29,000. AlphaCore Capital LLC bought a new stake in shares of Kimberly-Clark in the first quarter worth approximately $37,000. Finally, Rossby Financial LCC bought a new stake in shares of Kimberly-Clark in the first quarter worth approximately $37,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

KMB opened at $133.39 on Friday. The firm has a market cap of $44.26 billion, a P/E ratio of 17.67, a PEG ratio of 4.46 and a beta of 0.33. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The company has a 50 day simple moving average of $130.43 and a two-hundred day simple moving average of $135.02. 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 (NYSE:KMB - Get Free Report) last released its earnings results 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 firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. The company's quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's payout ratio is 69.42%.

Analysts Set New Price Targets

KMB has been the subject of a number of research analyst reports. UBS Group reduced their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Evercore ISI reduced their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Barclays lifted their price target on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Finally, Piper Sandler started coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They set an "overweight" rating and a $144.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $142.70.

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.

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