PFA Pension Forsikringsaktieselskab Buys New Shares in Kimberly-Clark Corporation $KMB

PFA Pension Forsikringsaktieselskab purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the fourth quarter, HoldingsChannel reports. The fund purchased 480,525 shares of the company’s stock, valued at approximately $48,807,000.

A number of other large investors have also made changes to their positions in the stock. Cloud Capital Management LLC bought a new stake in shares of Kimberly-Clark in the third quarter valued at about $25,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark during the second quarter valued at about $27,000. True Wealth Design LLC raised its holdings in Kimberly-Clark by 177.6% in the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 135 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter worth approximately $28,000. Finally, Newbridge Financial Services Group Inc. grew its holdings 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 purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

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

Analyst Ratings Changes

KMB has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reduced their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Barclays decreased their target price on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Bank of America decreased their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Finally, Piper Sandler decreased their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Four equities 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. According to MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $114.93.

Kimberly-Clark Price Performance

NASDAQ:KMB opened at $97.67 on Friday. The firm has a market cap of $32.42 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 4.44 and a beta of 0.29. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $144.30. The company has a quick ratio of 0.54, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. The company’s 50-day moving average price is $100.29 and its two-hundred day moving average price is $103.57.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.93 earnings per share. On average, equities analysts anticipate that Kimberly-Clark Corporation will post 7.46 EPS for the current fiscal year.

Kimberly-Clark Company 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.