Forsta AP Fonden Purchases 800 Shares of Kimberly-Clark Co. (NYSE:KMB)

Forsta AP Fonden increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,700 shares of the company’s stock after acquiring an additional 800 shares during the period. Forsta AP Fonden’s holdings in Kimberly-Clark were worth $16,341,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KMB. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the third quarter worth $29,000. DiNuzzo Private Wealth Inc. grew its holdings in Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after acquiring an additional 202 shares during the last quarter. Kennebec Savings Bank acquired a new stake in Kimberly-Clark in the 3rd quarter valued at about $36,000. ORG Wealth Partners LLC bought a new position in Kimberly-Clark in the 3rd quarter worth approximately $39,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in shares of Kimberly-Clark during the third quarter valued at $41,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Up 0.2 %

Shares of KMB stock opened at $129.67 on Thursday. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The firm has a fifty day moving average of $131.63 and a 200-day moving average of $137.41. The company has a market capitalization of $43.24 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 3.53 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. As a group, equities research analysts predict that Kimberly-Clark Co. will post 7.32 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a $1.26 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.89%. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KMB. JPMorgan Chase & Co. cut their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. Citigroup reduced their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $143.64.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is currently owned by 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.