Swedbank AB Buys 21,636 Shares of Kimberly-Clark Corporation $KMB

Key Points

• Swedbank AB increased its stake in Kimberly-Clark by 10.2% in the fourth quarter, adding 21,636 shares to bring its total holdings to 233,093 shares worth about $23.5 million.
• Kimberly-Clark beat quarterly expectations, reporting EPS of $1.97 versus the $1.93 consensus and revenue of $4.16 billion versus $4.09 billion expected. Revenue rose 2.7% year over year.
• The company declared a quarterly dividend of $1.28 per share, implying an annualized payout of $5.12 and a yield of 5.2%. Meanwhile, Wall Street’s overall view remains Hold, with an average price target of $114.93.

Swedbank AB grew its stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 10.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,093 shares of the company's stock after purchasing an additional 21,636 shares during the period. Swedbank AB owned approximately 0.07% of Kimberly-Clark worth $23,517,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KMB. Brighton Jones LLC lifted its stake in shares of Kimberly-Clark by 74.1% in the 4th 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 last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Kimberly-Clark by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company's stock worth $46,923,000 after acquiring an additional 24,698 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Kimberly-Clark by 44.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company's stock worth $36,698,000 after acquiring an additional 87,455 shares during the last quarter. Main Street Financial Solutions LLC lifted its stake in shares of Kimberly-Clark by 11.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company's stock worth $424,000 after acquiring an additional 326 shares during the last quarter. Finally, HUB Investment Partners LLC lifted its stake in shares of Kimberly-Clark by 20.5% during the 2nd quarter. HUB Investment Partners LLC now owns 10,639 shares of the company's stock worth $1,372,000 after acquiring an additional 1,811 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price target on Kimberly-Clark from $110.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft decreased their price target on Kimberly-Clark from $110.00 to $109.00 and set a "hold" rating for the company in a research note on Monday, March 30th. UBS Group raised their price target on Kimberly-Clark from $105.00 to $106.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 29th. Barclays decreased their price target on Kimberly-Clark from $105.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 14th. Finally, Piper Sandler decreased their price target on Kimberly-Clark from $133.00 to $114.00 and set an "overweight" rating for the company in a research note on Friday, March 13th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Kimberly-Clark presently has an average rating of "Hold" and an average price target of $114.93.

Kimberly-Clark Stock Performance

KMB opened at $99.14 on Tuesday. The stock's fifty day moving average is $97.72 and its two-hundred day moving average is $101.37. The company has a market capitalization of $32.91 billion, a P/E ratio of 15.56, a PEG ratio of 4.45 and a beta of 0.29. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $144.30. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.93 by $0.04. The company had revenue of $4.16 billion for 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%.Kimberly-Clark's quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $1.93 EPS. Analysts forecast that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 5.2%. The ex-dividend date is Friday, June 5th. Kimberly-Clark's dividend payout ratio (DPR) is presently 80.38%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the firm's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider directly owned 8,362 shares in the company, valued at $797,233.08. This trade represents a 16.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the firm's stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,096 shares of company stock worth $689,687 over the last 90 days. 0.75% of the stock is currently owned by company insiders.

About Kimberly-Clark

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.

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