Forsta AP Fonden Acquires 26,400 Shares of Kimberly-Clark Corporation $KMB

Forsta AP Fonden raised its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 14.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,400 shares of the company’s stock after purchasing an additional 26,400 shares during the quarter. Forsta AP Fonden’s holdings in Kimberly-Clark were worth $21,227,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Greatmark Investment Partners Inc. increased its stake in Kimberly-Clark by 2.9% during the 4th quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock valued at $356,000 after purchasing an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Kimberly-Clark by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock valued at $3,834,000 after purchasing an additional 100 shares in the last quarter. ORG Wealth Partners LLC grew its stake in shares of Kimberly-Clark by 15.2% in the 4th quarter. ORG Wealth Partners LLC now owns 864 shares of the company’s stock worth $87,000 after acquiring an additional 114 shares in the last quarter. Advyzon Investment Management LLC grew its stake in shares of Kimberly-Clark by 5.0% in the 3rd quarter. Advyzon Investment Management LLC now owns 2,444 shares of the company’s stock worth $304,000 after acquiring an additional 117 shares in the last quarter. Finally, Tyche Wealth Partners LLC grew its stake in shares of Kimberly-Clark by 3.9% in the 4th quarter. Tyche Wealth Partners LLC now owns 3,543 shares of the company’s stock worth $358,000 after acquiring an additional 132 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In related news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the transaction, the insider directly owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. The trade was a 16.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,096 shares of company stock worth $689,687 over the last three months. 0.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KMB has been the subject of several recent analyst reports. Barclays reduced their target price on shares of 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Wells Fargo & Company reduced their target price on shares of 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. UBS Group upped their target price on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reduced 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 investment 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, the stock has a consensus rating of “Hold” and an average price target of $114.93.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $97.60 on Friday. The company’s 50-day moving average is $97.69 and its 200 day moving average is $101.31. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The company has a market capitalization of $32.40 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 4.38 and a beta of 0.29. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $144.30.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 12.80% and a return on equity of 152.79%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.93 EPS. On average, equities research analysts forecast that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Kimberly-Clark Announces Dividend

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

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.