Nordea Investment Management AB Has $358.63 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Nordea Investment Management AB boosted its position in Kimberly-Clark Co. (NYSE:KMB) by 20.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,740,525 shares of the company’s stock after buying an additional 464,615 shares during the quarter. Nordea Investment Management AB’s holdings in Kimberly-Clark were worth $358,625,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division grew its position in shares of Kimberly-Clark by 11.1% during the 4th quarter. Central Pacific Bank Trust Division now owns 2,468 shares of the company’s stock worth $323,000 after buying an additional 247 shares during the period. GAMMA Investing LLC boosted its position in shares of Kimberly-Clark by 64.1% in the 4th quarter. GAMMA Investing LLC now owns 17,173 shares of the company’s stock worth $2,250,000 after purchasing an additional 6,710 shares during the last quarter. Trust Co of the South increased its holdings in Kimberly-Clark by 11.5% in the fourth quarter. Trust Co of the South now owns 2,675 shares of the company’s stock valued at $351,000 after purchasing an additional 275 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Kimberly-Clark by 6.2% in the third quarter. Principal Financial Group Inc. now owns 416,419 shares of the company’s stock valued at $59,248,000 after buying an additional 24,383 shares during the period. Finally, American Trust boosted its holdings in Kimberly-Clark by 8.3% during the third quarter. American Trust now owns 3,771 shares of the company’s stock worth $537,000 after buying an additional 290 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on KMB shares. UBS Group reduced their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Barclays boosted their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Stock Down 0.7 %

KMB opened at $129.76 on Monday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The stock has a fifty day moving average of $133.95 and a 200-day moving average of $138.89. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The company has a market capitalization of $43.27 billion, a P/E ratio of 16.83, a P/E/G ratio of 2.76 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter last year, the company earned $1.74 EPS. The company’s revenue was down 3.5% on a year-over-year basis. On average, equities analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.76%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.

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.