PFA Pension Forsikringsaktieselskab Takes Position in Kimberly-Clark Corporation $KMB

Key Points

• PFA Pension bought a new stake of 480,525 shares in Kimberly‑Clark valued at about $48.8 million, representing roughly 0.14% ownership per its most recent 13F filing.
• Kimberly‑Clark recently beat quarterly estimates with EPS of $1.97 (vs. $1.93) and revenue of $4.16 billion (vs. $4.09 billion), but analysts have trimmed targets and the consensus rating is Hold with an average price target of $114.93.
• Hedge funds and institutional investors own about 76.29% of the stock, while corporate insiders own 0.75% and reported recent insider sales (e.g., Andrew Scribner and Katy Chen) including transactions to cover tax withholding.

PFA Pension Forsikringsaktieselskab bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 480,525 shares of the company's stock, valued at approximately $48,807,000. PFA Pension Forsikringsaktieselskab owned approximately 0.14% of Kimberly-Clark as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KMB. Cloud Capital Management LLC purchased a new stake in shares of Kimberly-Clark in the third quarter valued at $25,000. True Wealth Design LLC lifted its holdings in shares of Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company's stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the second quarter valued at $27,000. Eagle Bay Advisors LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter valued at $28,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Kimberly-Clark by 96.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company's stock valued at $29,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Price Performance

NASDAQ KMB opened at $97.67 on Friday. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $144.30. The stock's 50-day moving average is $100.29 and its two-hundred day moving average is $103.57. The firm has a market cap of $32.42 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 4.44 and a beta of 0.29. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.54.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.04. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The firm's revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.93 EPS. On average, analysts anticipate that Kimberly-Clark Corporation will post 7.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KMB. Barclays reduced their target price on Kimberly-Clark from $105.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, April 14th. Zacks Research downgraded shares of Kimberly-Clark from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 3rd. Wells Fargo & Company dropped their price target on shares of Kimberly-Clark from $110.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 8th. TD Cowen dropped their price target on shares of Kimberly-Clark from $112.00 to $105.00 and set a "hold" rating on the stock in a research note on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Four investment 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's stock. According to data from MarketBeat, Kimberly-Clark has a consensus rating of "Hold" and an average price target of $114.93.

Insider Activity

In other news, VP Andrew Scribner sold 3,049 shares of the firm's stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Katy Chen sold 1,405 shares of Kimberly-Clark stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $96.95, for a total value of $136,214.75. Following the completion of the transaction, the insider owned 6,502 shares in the company, valued at $630,368.90. The trade was a 17.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.75% of the company's stock.

Kimberly-Clark 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.

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.