Nykredit A S Acquires New Shares in Kimberly-Clark Corporation $KMB

Nykredit A S purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 124,546 shares of the company’s stock, valued at approximately $13,671,000.

Other large investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Kimberly-Clark during the second quarter worth about $3,547,915,000. Wellington Management Group LLP raised its stake in shares of Kimberly-Clark by 26,997.7% in the 4th quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock valued at $743,399,000 after acquiring an additional 7,341,215 shares during the period. Thornburg Investment Management Inc. acquired a new position in Kimberly-Clark during the 2nd quarter worth approximately $632,373,000. Norges Bank acquired a new position in Kimberly-Clark in the 4th quarter worth $521,184,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Kimberly-Clark during the 2nd quarter valued at approximately $239,612,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 2.8%

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

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). The business 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 revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 EPS. On average, equities research analysts expect that Kimberly-Clark Corporation will post 7.43 earnings per share 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. Stockholders of record on Friday, September 4th will be paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s payout ratio is presently 87.07%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KMB. Wells Fargo & Company lifted their price objective on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. UBS Group increased their target price on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Finally, Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark 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.