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

Handelsbanken Fonder AB decreased its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 7.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,089 shares of the company’s stock after selling 11,043 shares during the quarter. Handelsbanken Fonder AB’s holdings in Kimberly-Clark were worth $15,817,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Godfrey Financial Associates Inc. acquired a new stake in Kimberly-Clark during the fourth quarter valued at $25,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the second quarter worth about $27,000. CrossGen Wealth LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth about $27,000. Motiv8 Investments LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth about $31,000. Finally, Entrust Financial LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $32,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

NASDAQ:KMB opened at $110.70 on Friday. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $136.17. The stock has a market cap of $36.82 billion, a PE ratio of 18.83, a P/E/G ratio of 5.18 and a beta of 0.26. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The stock has a 50 day moving average price of $107.87 and a 200 day moving average price of $103.08.

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

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $1.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.6%. Kimberly-Clark’s dividend payout ratio is currently 87.07%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KMB. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Wells Fargo & Company raised their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. UBS Group boosted their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. Finally, TD Cowen increased their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price 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.