Handelsbanken Fonder AB Lowers Position in Kimberly-Clark Corporation $KMB

Handelsbanken Fonder AB trimmed its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 16.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 150,447 shares of the company’s stock after selling 29,459 shares during the period. Handelsbanken Fonder AB’s holdings in Kimberly-Clark were worth $15,179,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in shares of Kimberly-Clark during the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $27,000. Eagle Bay Advisors LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $28,000. Newbridge Financial Services Group Inc. raised its stake in shares of Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after buying an additional 140 shares during the period. Finally, Entrust Financial LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $32,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KMB has been the subject of several research analyst reports. Piper Sandler reduced their target price 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. 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 research note on Tuesday, April 14th. Bank of America reduced their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Finally, Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $114.93.

Kimberly-Clark Stock Up 1.1%

Shares of KMB opened at $97.55 on Thursday. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $144.30. The company has a market capitalization of $32.38 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 4.33 and a beta of 0.29. The stock has a fifty day simple moving average of $97.77 and a two-hundred day simple moving average of $101.55. 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) last issued its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the company earned $1.93 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $1.28 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. Kimberly-Clark’s dividend payout ratio (DPR) is 80.38%.

Insiders Place Their Bets

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 value of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares of the company’s stock, valued at $797,233.08. This trade represents a 16.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,096 shares of company stock valued at $689,687 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.

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.