Skandinaviska Enskilda Banken AB publ Sells 68,719 Shares of Kimberly-Clark Co. (NYSE:KMB)

Skandinaviska Enskilda Banken AB publ cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 11.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 508,332 shares of the company’s stock after selling 68,719 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.15% of Kimberly-Clark worth $70,251,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in KMB. Rise Advisors LLC raised its stake in Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares during the last quarter. Crewe Advisors LLC bought a new position in shares of Kimberly-Clark during the 1st quarter worth about $27,000. New Millennium Group LLC acquired a new position in shares of Kimberly-Clark during the second quarter valued at about $28,000. Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark in the second quarter valued at about $32,000. Finally, Fortitude Family Office LLC grew its position in Kimberly-Clark by 333.3% during the second quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of several recent research reports. Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Wells Fargo & Company reduced their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Piper Sandler increased their price objective on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, Barclays decreased their target price on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $145.67.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $140.10 on Friday. The stock has a market capitalization of $47.17 billion, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 3.04 and a beta of 0.39. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $149.30. The firm has a 50 day moving average of $142.31 and a 200-day moving average of $135.89.

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

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s payout ratio is presently 89.71%.

Insider Buying and Selling at Kimberly-Clark

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

About Kimberly-Clark

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.