Avanza Fonder AB Has $4.89 Million Holdings in Kimberly-Clark Corporation $KMB

Avanza Fonder AB lifted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 14.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,314 shares of the company’s stock after buying an additional 5,109 shares during the quarter. Avanza Fonder AB’s holdings in Kimberly-Clark were worth $4,888,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark in the second quarter worth $25,000. Princeton Global Asset Management LLC boosted its position in shares of Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares in the last quarter. Winnow Wealth LLC acquired a new stake in shares of Kimberly-Clark in the 2nd quarter valued at about $27,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark in the 2nd quarter valued at about $27,000. Finally, Vermillion & White Wealth Management Group LLC increased its position in Kimberly-Clark by 105.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock valued at $32,000 after buying an additional 127 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

KMB has been the topic of several recent research reports. Barclays set a $132.00 price target on Kimberly-Clark in a report on Monday, November 3rd. Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Thursday, November 13th. TD Cowen reduced their price target on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Evercore ISI restated an “in-line” rating and set a $120.00 price target (down previously from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimberly-Clark in a research note on Monday, December 15th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $124.62.

Kimberly-Clark Trading Down 0.1%

NASDAQ KMB opened at $101.00 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41. The business has a fifty day simple moving average of $106.70 and a 200 day simple moving average of $120.74. Kimberly-Clark Corporation has a 12 month low of $99.22 and a 12 month high of $150.45. The firm has a market capitalization of $33.52 billion, a P/E ratio of 17.09, a PEG ratio of 4.39 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.37. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.83 EPS. On average, analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be paid a $1.26 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.04 annualized dividend and a yield of 5.0%. Kimberly-Clark’s dividend payout ratio (DPR) is 85.28%.

Kimberly-Clark Company Profile

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.