Skandinaviska Enskilda Banken AB publ Raises Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Skandinaviska Enskilda Banken AB publ raised its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 579,713 shares of the company's stock after acquiring an additional 49,197 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.17% of Kimberly-Clark worth $75,722,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State Street Corp raised its position in Kimberly-Clark by 5.9% in the third quarter. State Street Corp now owns 19,304,396 shares of the company's stock valued at $2,768,367,000 after purchasing an additional 1,083,824 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Kimberly-Clark by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company's stock valued at $1,387,709,000 after buying an additional 529,223 shares during the period. Geode Capital Management LLC raised its holdings in Kimberly-Clark by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company's stock valued at $1,092,388,000 after buying an additional 206,671 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Kimberly-Clark by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,040,747 shares of the company's stock worth $398,459,000 after buying an additional 30,312 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Kimberly-Clark by 20.4% during the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company's stock worth $358,625,000 after acquiring an additional 464,615 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares of the company's stock, valued at $1,088,520. The trade was a 58.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KMB. Barclays cut their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. TD Cowen lowered Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price target on the stock. in a research report on Wednesday, January 8th. UBS Group raised their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a report on Thursday, January 16th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $143.64.

Kimberly-Clark Stock Up 0.2 %

Kimberly-Clark stock traded up $0.34 during midday trading on Monday, reaching $139.98. The stock had a trading volume of 1,469,880 shares, compared to its average volume of 2,020,184. The company has a fifty day moving average price of $133.53 and a two-hundred day moving average price of $136.40. The company has a market capitalization of $46.43 billion, a P/E ratio of 18.54, a PEG ratio of 4.46 and a beta of 0.36. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12 month low of $123.02 and a 12 month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, equities analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.60%. Kimberly-Clark's payout ratio is presently 66.75%.

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.