Forsta AP Fonden Sells 19,900 Shares of Kimberly-Clark Co. (NYSE:KMB)

Forsta AP Fonden cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 14.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,500 shares of the company’s stock after selling 19,900 shares during the quarter. Forsta AP Fonden’s holdings in Kimberly-Clark were worth $16,515,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KMB. Norges Bank bought a new position in shares of Kimberly-Clark in the fourth quarter valued at about $437,420,000. Price T Rowe Associates Inc. MD grew its stake in Kimberly-Clark by 19.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock valued at $762,279,000 after buying an additional 944,920 shares during the last quarter. Capital World Investors raised its holdings in Kimberly-Clark by 23.8% in the 4th quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock valued at $234,114,000 after acquiring an additional 370,094 shares during the period. KBC Group NV lifted its position in Kimberly-Clark by 277.9% during the fourth quarter. KBC Group NV now owns 472,934 shares of the company’s stock worth $57,466,000 after acquiring an additional 347,778 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Kimberly-Clark by 32.1% during the second quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company’s stock worth $188,040,000 after acquiring an additional 330,327 shares during the period. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on KMB shares. Deutsche Bank Aktiengesellschaft increased their target price on Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. BNP Paribas started coverage on Kimberly-Clark in a report on Monday, June 24th. They set a “neutral” rating and a $146.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a research report on Monday, July 22nd. Argus raised shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Finally, Barclays cut their price objective on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price of $145.67.

Kimberly-Clark Stock Down 0.6 %

NYSE KMB opened at $142.38 on Friday. The business has a fifty day moving average price of $142.07 and a two-hundred day moving average price of $135.18. The stock has a market capitalization of $47.94 billion, a PE ratio of 26.17, a PEG ratio of 3.12 and a beta of 0.39. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $149.30. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.25. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. Kimberly-Clark’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.65 EPS. Equities analysts expect that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is 89.71%.

Insider Buying and Selling

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now owns 19,935 shares in the company, valued at $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Company 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.