SEB Asset Management AB Invests $6.51 Million in Kimberly-Clark Corporation $KMB

SEB Asset Management AB purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 67,538 shares of the company’s stock, valued at approximately $6,515,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the second quarter valued at $27,000. Godfrey Financial Associates Inc. purchased a new stake in Kimberly-Clark in the 4th quarter worth about $25,000. Eagle Bay Advisors LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth about $28,000. CrossGen Wealth LLC acquired a new stake in Kimberly-Clark during the 4th quarter worth about $27,000. Finally, Newbridge Financial Services Group Inc. grew its stake in Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 8,362 shares of the company’s stock, valued at $797,233.08. This represents a 16.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 7,096 shares of company stock valued at $689,687 over the last three months. 0.75% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KMB. Barclays upped their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Wednesday, June 24th. UBS Group upped their price objective on shares of Kimberly-Clark from $106.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Bank of America cut their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price of $117.93.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $108.05 on Wednesday. The firm has a fifty day simple moving average of $103.66 and a 200-day simple moving average of $101.84. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $137.46. The stock has a market capitalization of $35.87 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 4.83 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data 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. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the firm earned $1.93 EPS. Kimberly-Clark’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts expect that Kimberly-Clark Corporation will post 7.47 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, June 5th. Kimberly-Clark’s dividend payout ratio is currently 80.38%.

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.