Nordea Investment Management AB Increases Position in Kimberly-Clark Co. $KMB

Key Points

• Nordea Investment Management AB has increased its holdings in Kimberly-Clark by 11.2% during the second quarter, now owning 2,380,714 shares valued at approximately $304.97 million.
• Kimberly-Clark's recent earnings report revealed a net margin of 12.69% and earnings per share of $1.92, exceeding estimates despite a 1.6% decline in quarterly revenue.
• The company recently declared a quarterly dividend of $1.26, yielding 4.2%, and has a dividend payout ratio of 69.42%.

Nordea Investment Management AB lifted its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 11.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,380,714 shares of the company's stock after buying an additional 240,692 shares during the period. Nordea Investment Management AB owned 0.72% of Kimberly-Clark worth $304,969,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Strs Ohio purchased a new position in shares of Kimberly-Clark during the first quarter valued at approximately $12,854,000. Elevate Capital Advisors LLC increased its position in Kimberly-Clark by 46.4% during the first quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock worth $1,770,000 after purchasing an additional 3,944 shares during the last quarter. Citigroup Inc. increased its position in Kimberly-Clark by 86.8% during the first quarter. Citigroup Inc. now owns 509,585 shares of the company's stock worth $72,473,000 after purchasing an additional 236,733 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position in Kimberly-Clark by 270.2% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock worth $140,043,000 after purchasing an additional 718,720 shares during the last quarter. Finally, United Community Bank increased its position in Kimberly-Clark by 340.0% during the first quarter. United Community Bank now owns 18,518 shares of the company's stock worth $2,634,000 after purchasing an additional 14,309 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $119.70 on Friday. The company has a market capitalization of $39.71 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The firm has a fifty day simple moving average of $126.94 and a 200-day simple moving average of $131.53. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a twelve month low of $118.18 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the firm earned $1.96 earnings per share. The business's quarterly revenue was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is presently 69.42%.

Wall Street Analyst Weigh In

Several brokerages recently commented on KMB. UBS Group dropped their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Barclays dropped their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 1st. Citigroup dropped their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a "sell" rating for the company in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kimberly-Clark from $144.00 to $127.00 and set a "neutral" rating for the company in a research report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Kimberly-Clark presently has an average rating of "Hold" and an average target price of $137.00.

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.

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