Kimberly-Clark Corporation $KMB Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 2.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,439,692 shares of the company’s stock after buying an additional 58,978 shares during the quarter. Nordea Investment Management AB’s holdings in Kimberly-Clark were worth $301,448,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KMB. Empirical Finance LLC lifted its stake in Kimberly-Clark by 0.6% in the 2nd quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock worth $1,531,000 after purchasing an additional 76 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in shares of Kimberly-Clark by 3.7% in the second quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock valued at $284,000 after purchasing an additional 78 shares during the last quarter. Monarch Capital Management Inc. lifted its position in Kimberly-Clark by 1.9% during the second quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock worth $568,000 after buying an additional 81 shares in the last quarter. TFB Advisors LLC boosted its stake in Kimberly-Clark by 4.2% during the second quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock worth $261,000 after buying an additional 82 shares during the last quarter. Finally, Crews Bank & Trust grew its holdings in Kimberly-Clark by 2.7% in the 2nd quarter. Crews Bank & Trust now owns 3,348 shares of the company’s stock valued at $432,000 after buying an additional 87 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KMB has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Barclays set a $132.00 target price on shares of Kimberly-Clark in a research note on Monday, November 3rd. UBS Group increased their price target on shares of Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Citigroup reduced their price target on shares of Kimberly-Clark from $100.00 to $95.00 and set a “sell” rating on the stock in a research report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. upped their price objective on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $122.31.

Kimberly-Clark Trading Up 0.4%

Shares of NASDAQ KMB opened at $98.27 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41. The stock has a market capitalization of $32.61 billion, a PE ratio of 16.63, a PEG ratio of 3.76 and a beta of 0.26. Kimberly-Clark Corporation has a twelve month low of $96.26 and a twelve month high of $150.45. The stock has a fifty day simple moving average of $102.61 and a 200-day simple moving average of $118.25.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.Kimberly-Clark’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the business posted $1.83 EPS. On average, equities analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were issued a $1.26 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 5.1%. Kimberly-Clark’s payout ratio is 85.28%.

About Kimberly-Clark

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.