Danske Bank A S Makes New $17.21 Million Investment in Kimberly-Clark Corporation $KMB

Danske Bank A S bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 156,778 shares of the company’s stock, valued at approximately $17,210,000.

Other hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the second quarter valued at $27,000. Godfrey Financial Associates Inc. bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at $25,000. CrossGen Wealth LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth about $27,000. Clearstead Trust LLC purchased a new stake in shares of Kimberly-Clark in the 2nd quarter worth about $33,000. Finally, Motiv8 Investments LLC bought a new position in shares of Kimberly-Clark in the 4th quarter worth about $31,000. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KMB. TD Cowen lifted their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. UBS Group raised their target price on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Finally, Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $108.69 on Friday. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $134.38. The firm’s 50-day moving average is $108.75 and its 200 day moving average is $103.39. The stock has a market cap of $36.15 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 5.23 and a beta of 0.26. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.92 earnings per share. Sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is 87.07%.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.