Nordea Investment Management AB Acquires 32,023 Shares of Kimberly-Clark Co. (NYSE:KMB)

Nordea Investment Management AB increased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 993,674 shares of the company’s stock after purchasing an additional 32,023 shares during the quarter. Nordea Investment Management AB owned approximately 0.29% of Kimberly-Clark worth $136,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of KMB. Price T Rowe Associates Inc. MD boosted its position in Kimberly-Clark by 20.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,628,171 shares of the company’s stock valued at $1,307,025,000 after acquiring an additional 1,643,311 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Kimberly-Clark by 11.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,095,043 shares of the company’s stock valued at $963,152,000 after acquiring an additional 715,624 shares in the last quarter. Geode Capital Management LLC boosted its position in Kimberly-Clark by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 6,465,213 shares of the company’s stock valued at $866,180,000 after acquiring an additional 108,050 shares in the last quarter. Wellington Management Group LLP boosted its position in Kimberly-Clark by 2.8% during the 1st quarter. Wellington Management Group LLP now owns 5,270,265 shares of the company’s stock valued at $707,375,000 after acquiring an additional 145,688 shares in the last quarter. Finally, Morgan Stanley boosted its position in Kimberly-Clark by 14.6% during the 4th quarter. Morgan Stanley now owns 4,819,009 shares of the company’s stock valued at $654,181,000 after acquiring an additional 613,295 shares in the last quarter. 74.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on KMB shares. StockNews.com began coverage on Kimberly-Clark in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Barclays boosted their price target on Kimberly-Clark from $137.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 27th. Bank of America dropped their price target on Kimberly-Clark from $145.00 to $138.00 in a research report on Wednesday, July 26th. Citigroup dropped their price target on Kimberly-Clark from $130.00 to $126.00 in a research report on Wednesday, July 26th. Finally, TheStreet cut Kimberly-Clark from a “b” rating to a “c+” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $135.33.

Kimberly-Clark Price Performance

Shares of KMB opened at $125.01 on Friday. The firm has a market cap of $42.28 billion, a PE ratio of 25.78, a P/E/G ratio of 2.38 and a beta of 0.39. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 12.21. The firm has a fifty day simple moving average of $129.86 and a two-hundred day simple moving average of $133.76. Kimberly-Clark Co. has a 1-year low of $108.74 and a 1-year high of $147.87.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 25th. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.17. The business had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.13 billion. Kimberly-Clark had a net margin of 8.07% and a return on equity of 303.40%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 EPS. On average, equities analysts anticipate that Kimberly-Clark Co. will post 6.42 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be paid a dividend of $1.18 per share. The ex-dividend date is Thursday, September 7th. This represents a $4.72 dividend on an annualized basis and a yield of 3.78%. Kimberly-Clark’s dividend payout ratio is presently 97.32%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Jeffrey P. Melucci sold 4,423 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $130.23, for a total transaction of $576,007.29. Following the completion of the sale, the insider now owns 28,169 shares of the company’s stock, valued at approximately $3,668,448.87. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Jeffrey P. Melucci sold 4,423 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $130.23, for a total transaction of $576,007.29. Following the completion of the sale, the insider now owns 28,169 shares of the company’s stock, valued at approximately $3,668,448.87. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sandra R. Karrmann sold 5,122 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $129.80, for a total transaction of $664,835.60. Following the sale, the insider now directly owns 6,228 shares of the company’s stock, valued at approximately $808,394.40. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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.