Forsta AP Fonden Has $21.23 Million Stock Holdings in Kimberly-Clark Corporation $KMB

Key Points

• Forsta AP Fonden increased its Kimberly-Clark stake by 14.3% in the fourth quarter, ending with 210,400 shares valued at about $21.23 million.
• Kimberly-Clark reported quarterly earnings of $1.97 per share, topping estimates, while revenue rose 2.7% year over year to $4.16 billion.
• The company declared a quarterly dividend of $1.28 per share, equal to an annualized yield of about 5.2%, even as analysts maintained a generally cautious Hold consensus.

Forsta AP Fonden increased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 210,400 shares of the company's stock after buying an additional 26,400 shares during the period. Forsta AP Fonden owned about 0.06% of Kimberly-Clark worth $21,227,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after purchasing an additional 2,765 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Kimberly-Clark by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company's stock worth $46,923,000 after purchasing an additional 24,698 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of Kimberly-Clark by 44.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company's stock worth $36,698,000 after purchasing an additional 87,455 shares during the period. Main Street Financial Solutions LLC lifted its position in shares of Kimberly-Clark by 11.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company's stock worth $424,000 after purchasing an additional 326 shares during the period. Finally, HUB Investment Partners LLC lifted its position in shares of Kimberly-Clark by 20.5% in the 2nd quarter. HUB Investment Partners LLC now owns 10,639 shares of the company's stock worth $1,372,000 after purchasing an additional 1,811 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KMB. Weiss Ratings restated a "hold (c-)" rating on shares of Kimberly-Clark in a research report on Friday, March 27th. UBS Group boosted their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. Piper Sandler dropped their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an "overweight" rating on the stock in a research report on Friday, March 13th. Bank of America dropped their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, April 10th. Finally, Barclays dropped their price target on shares of Kimberly-Clark from $105.00 to $99.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $114.93.

Kimberly-Clark Stock Down 2.5%

Kimberly-Clark stock opened at $97.60 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $144.30. The firm's fifty day moving average is $97.69 and its 200 day moving average is $101.31. The company has a market capitalization of $32.40 billion, a PE ratio of 15.32, a PEG ratio of 4.38 and a beta of 0.29.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the company earned $1.93 EPS. Kimberly-Clark's quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

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

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of the business's stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Katy Chen sold 1,596 shares of the business's stock in a transaction on Monday, May 4th. The shares were 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 of the company's stock, valued at $797,233.08. This trade represents a 16.03% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 7,096 shares of company stock worth $689,687 in the last quarter. 0.75% of the stock is owned by corporate insiders.

Kimberly-Clark Company 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.

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