Nykredit A S Makes New $11.93 Million Investment in Kimberly-Clark Corporation $KMB

Key Points

• Nykredit A/S acquired 108,651 Kimberly-Clark shares during the second quarter, valued at approximately $11.93 million. Institutional investors collectively own 76.29% of the company.
• Kimberly-Clark reported quarterly EPS of $1.80, below analysts’ $2.01 estimate, while revenue of $4.19 billion also slightly missed expectations.
• The company declared a quarterly dividend of $1.28, equivalent to $5.12 annually and a 5.2% yield. Analysts’ average rating is “Hold,” with an average price target of $117.36.

Nykredit A S acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 108,651 shares of the company's stock, valued at approximately $11,927,000.

A number of other institutional investors have also made changes to their positions in KMB. BlackRock Inc. bought a new position in shares of Kimberly-Clark in the 2nd quarter valued at about $3,547,915,000. Thornburg Investment Management Inc. acquired a new position in Kimberly-Clark during the second quarter valued at approximately $632,373,000. Norges Bank bought a new position in Kimberly-Clark in the fourth quarter valued at approximately $521,184,000. Bank of New York Mellon Corp bought a new position in Kimberly-Clark in the second quarter valued at approximately $239,612,000. Finally, Legal & General Group Plc acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $223,668,000. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $97.86 on Monday. The firm has a market cap of $32.55 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 4.48 and a beta of 0.25. The business's 50 day moving average is $107.30 and its 200-day moving average is $102.96. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $126.55.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.92 earnings per share. Equities research analysts predict that Kimberly-Clark Corporation will post 7.38 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, September 4th. Kimberly-Clark's payout ratio is presently 87.07%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KMB. TD Cowen increased their price objective on Kimberly-Clark from $96.00 to $104.00 and gave the company a "hold" rating in a report on Wednesday, August 5th. UBS Group upped their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Seaport Research Partners raised shares of Kimberly-Clark to a "buy" rating in a research report on Tuesday, August 4th. Barclays upped their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Finally, Piper Sandler cut their target price on shares of Kimberly-Clark from $121.00 to $118.00 and set an "overweight" rating for the company in a research note on Friday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $117.36.

About Kimberly-Clark

Kimberly-Clark Corporation is a global manufacturer of personal care and consumer tissue products. The company develops and markets products designed to support personal hygiene, health and well-being in households, healthcare settings and workplaces.

Its portfolio includes well-known brands such as Huggies diapers and training pants, Kleenex facial tissues, Cottonelle toilet paper and wipes, Scott toilet paper and paper towels, Kotex feminine care products, and Depend and Poise incontinence care products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.