Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 9.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 579,713 shares of the company’s stock after buying an additional 49,197 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.17% of Kimberly-Clark worth $75,722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Kimberly-Clark during the fourth quarter valued at $25,000. Marshall Investment Management LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the third quarter worth about $29,000. Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark during the fourth quarter worth about $32,000. Finally, Strategic Financial Concepts LLC purchased a new position in Kimberly-Clark during the fourth quarter valued at approximately $33,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group lifted their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Friday, January 24th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Piper Sandler reiterated an “overweight” rating and set a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $143.64.

Kimberly-Clark Price Performance

KMB stock opened at $139.88 on Thursday. Kimberly-Clark Co. has a 1 year low of $123.02 and a 1 year high of $150.45. The firm has a market capitalization of $46.40 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The business has a 50 day simple moving average of $133.14 and a 200-day simple moving average of $136.51.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a $1.26 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.60%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 2,500 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $140.00, for a total transaction of $350,000.00. Following the completion of the transaction, the vice president now directly owns 2,553 shares in the company, valued at $357,420. This trade represents a 49.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.