Swedbank AB Buys 3,253 Shares of Kimberly-Clark Co. $KMB

Key Points

• Swedbank AB has increased its stake in Kimberly-Clark Co. by 1.9%, owning approximately 0.05% of the company, valued at $24.4 million.
• Kimberly-Clark reported a quarterly earnings per share of $1.92, surpassing analysts' expectations of $1.67, although revenue decreased by 1.6% year-over-year.
• The company recently announced a quarterly dividend of $1.26 per share, with a yield of 3.9%, and a payout ratio of 69.42%.

Swedbank AB grew its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 171,872 shares of the company's stock after buying an additional 3,253 shares during the quarter. Swedbank AB owned approximately 0.05% of Kimberly-Clark worth $24,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Voya Investment Management LLC raised its stake in shares of Kimberly-Clark by 6.1% in the 1st quarter. Voya Investment Management LLC now owns 162,307 shares of the company's stock valued at $23,083,000 after acquiring an additional 9,344 shares in the last quarter. Strs Ohio acquired a new stake in Kimberly-Clark in the 1st quarter valued at approximately $12,854,000. Ellsworth Advisors LLC acquired a new stake in Kimberly-Clark in the 1st quarter valued at approximately $6,142,000. Intrua Financial LLC acquired a new stake in Kimberly-Clark in the 1st quarter valued at approximately $596,000. Finally, Jacobi Capital Management LLC grew its holdings in Kimberly-Clark by 7.4% in the 1st quarter. Jacobi Capital Management LLC now owns 11,828 shares of the company's stock valued at $1,682,000 after buying an additional 817 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KMB has been the topic of a number of research analyst reports. Piper Sandler began coverage on Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price on the stock. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. UBS Group dropped their price target on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Finally, Barclays raised their price target on Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $142.70.

Kimberly-Clark Stock Performance

NYSE:KMB traded down $2.52 during mid-day trading on Monday, hitting $125.47. The stock had a trading volume of 3,077,549 shares, compared to its average volume of 2,306,897. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The stock has a market cap of $41.63 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 4.46 and a beta of 0.32. The company's 50 day simple moving average is $130.21 and its 200 day simple moving average is $134.39. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the business earned $1.96 EPS. Kimberly-Clark's quarterly revenue was down 1.6% on a year-over-year basis. On average, equities research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.0%. Kimberly-Clark's payout ratio is presently 69.42%.

About Kimberly-Clark

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.