Advisors Preferred LLC Sells 23,962 Shares of Kimberly-Clark Corporation $KMB

Advisors Preferred LLC lowered its position in shares of Kimberly-Clark Corporation (NASDAQ:KMBFree Report) by 92.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,933 shares of the company’s stock after selling 23,962 shares during the period. Advisors Preferred LLC’s holdings in Kimberly-Clark were worth $238,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Kimberly-Clark by 14.8% during the second quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock valued at $5,212,942,000 after acquiring an additional 5,200,011 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Kimberly-Clark by 1.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,482,657 shares of the company’s stock valued at $1,480,344,000 after purchasing an additional 218,644 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Kimberly-Clark by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 8,254,137 shares of the company’s stock valued at $1,065,423,000 after purchasing an additional 363,865 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Kimberly-Clark by 4.6% during the 2nd quarter. Invesco Ltd. now owns 6,097,800 shares of the company’s stock valued at $786,128,000 after purchasing an additional 270,134 shares during the last quarter. Finally, Norges Bank purchased a new position in Kimberly-Clark in the 2nd quarter worth $556,114,000. 76.29% of the stock is currently owned by institutional investors.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Up 0.3%

Shares of NASDAQ KMB opened at $109.02 on Monday. The firm has a fifty day simple moving average of $102.05 and a two-hundred day simple moving average of $112.89. Kimberly-Clark Corporation has a 12 month low of $96.26 and a 12 month high of $150.45. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. The firm has a market capitalization of $36.19 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 3.92 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMBGet Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the previous year, the company earned $1.50 earnings per share. Kimberly-Clark’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a dividend of $1.28 per share. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, March 6th. Kimberly-Clark’s dividend payout ratio is presently 83.03%.

More Kimberly-Clark News

Here are the key news stories impacting Kimberly-Clark this week:

Analyst Upgrades and Downgrades

Several analysts have issued reports on KMB shares. Citigroup cut their price target on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research report on Wednesday, January 14th. Morgan Stanley dropped their target price on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. BNP Paribas Exane restated a “neutral” rating and set a $110.00 price target on shares of Kimberly-Clark in a research report on Monday, December 1st. Wells Fargo & Company set a $110.00 price target on Kimberly-Clark in a research note on Tuesday, February 17th. Finally, Evercore reissued an “in-line” rating and set a $120.00 price objective (down previously from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $119.00.

Get Our Latest Stock Report on Kimberly-Clark

Kimberly-Clark Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kimberly-Clark (NASDAQ:KMB)

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