Nykredit A S Purchases New Holdings in Kimberly-Clark Corporation $KMB

Nykredit A S bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, Holdings Channel reports. The institutional investor bought 124,546 shares of the company’s stock, valued at approximately $13,671,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Godfrey Financial Associates Inc. bought a new position in shares of Kimberly-Clark during the fourth quarter valued at $25,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark during the second quarter worth about $27,000. CrossGen Wealth LLC acquired a new stake in Kimberly-Clark during the 4th quarter valued at $27,000. Motiv8 Investments LLC acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at $31,000. Finally, Entrust Financial LLC bought a new position in shares of Kimberly-Clark in the fourth quarter worth about $32,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 2.8%

KMB stock opened at $104.96 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. The company has a market cap of $34.91 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 4.51 and a beta of 0.25. The business has a 50-day simple moving average of $109.83 and a 200 day simple moving average of $103.72. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $131.53.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the prior year, the firm earned $1.92 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a dividend of $1.28 per share. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 4.9%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 87.07%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KMB. Barclays upped their price target on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. TD Cowen increased their price objective on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Finally, Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $117.93.

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.