Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 12,100 Shares of Kimberly-Clark Co. (NYSE:KMB)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Kimberly-Clark Co. (NYSE:KMB) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,996 shares of the company’s stock after buying an additional 12,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Kimberly-Clark were worth $12,448,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kimberly-Clark in the fourth quarter worth about $25,000. Marshall Investment Management LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the 3rd quarter valued at approximately $29,000. Golden State Wealth Management LLC bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. Barclays reduced their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. UBS Group lifted their price target on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Citigroup reduced their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. Finally, Piper Sandler reiterated an “overweight” rating and set a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Trading Up 0.9 %

Shares of Kimberly-Clark stock opened at $140.28 on Monday. Kimberly-Clark Co. has a 12-month low of $118.62 and a 12-month high of $149.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The business’s 50 day moving average is $130.37 and its 200-day moving average is $136.46. The stock has a market cap of $46.53 billion, a P/E ratio of 18.58, a P/E/G ratio of 4.46 and a beta of 0.41.

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

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.59%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is presently 64.64%.

About Kimberly-Clark

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.