Kimberly-Clark Co. $KMB Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has significantly cut its stake in Kimberly-Clark Co. by 80%, now holding just 2,578 shares valued at $335,000.
• Despite this reduction, several other hedge funds increased their investments in Kimberly-Clark during the fourth quarter, with Brighton Jones LLC raising its stake by 74.1%.
• Kimberly-Clark has announced a quarterly dividend of $1.26 per share, reflecting an annualized dividend yield of 4.0%.

Livforsakringsbolaget Skandia Omsesidigt reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 80.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,578 shares of the company's stock after selling 10,300 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Kimberly-Clark were worth $335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock valued at $851,000 after purchasing an additional 2,765 shares during the period. Vident Advisory LLC increased its holdings in shares of Kimberly-Clark by 6.3% in the fourth quarter. Vident Advisory LLC now owns 10,267 shares of the company's stock valued at $1,345,000 after purchasing an additional 612 shares during the period. Woodline Partners LP acquired a new position in shares of Kimberly-Clark in the fourth quarter valued at about $2,002,000. Focus Partners Advisor Solutions LLC increased its holdings in shares of Kimberly-Clark by 59.8% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 11,217 shares of the company's stock valued at $1,470,000 after purchasing an additional 4,196 shares during the period. Finally, Headinvest LLC increased its holdings in shares of Kimberly-Clark by 8.1% in the fourth quarter. Headinvest LLC now owns 3,329 shares of the company's stock valued at $436,000 after purchasing an additional 250 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Trading Down 0.7%

KMB stock traded down $0.89 during midday trading on Friday, hitting $124.62. 6,927,559 shares of the company's stock were exchanged, compared to its average volume of 2,328,747. The business has a 50-day simple moving average of $129.74 and a two-hundred day simple moving average of $133.97. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The stock has a market capitalization of $41.35 billion, a PE ratio of 16.51, a P/E/G ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.25. The business had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company's revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.96 earnings per share. On average, sell-side analysts predict 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. Shareholders of record on Friday, September 5th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.0%. Kimberly-Clark's payout ratio is presently 69.42%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Piper Sandler assumed coverage on Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective on the stock. JPMorgan Chase & Co. raised 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 report on Monday, August 4th. UBS Group dropped their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Finally, Barclays raised their target price on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Kimberly-Clark has an average rating of "Hold" and an average target price of $142.70.

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.