Andra AP fonden Trims Stake in Kimberly-Clark Corporation $KMB

Andra AP fonden cut its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 8.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 275,300 shares of the company’s stock after selling 26,200 shares during the period. Andra AP fonden owned 0.08% of Kimberly-Clark worth $34,231,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KMB. Brighton Jones LLC raised its stake in Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after acquiring an additional 2,765 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Kimberly-Clark in the second quarter worth approximately $304,000. Envestnet Asset Management Inc. increased its stake in shares of Kimberly-Clark by 60.0% in the second quarter. Envestnet Asset Management Inc. now owns 555,584 shares of the company’s stock worth $71,626,000 after purchasing an additional 208,335 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Kimberly-Clark by 37.8% in the second quarter. Bessemer Group Inc. now owns 11,590 shares of the company’s stock worth $1,494,000 after purchasing an additional 3,182 shares in the last quarter. Finally, Advisory Alpha LLC raised its position in shares of Kimberly-Clark by 11.5% during the 2nd quarter. Advisory Alpha LLC now owns 2,847 shares of the company’s stock valued at $367,000 after purchasing an additional 294 shares during the period. Institutional investors own 76.29% of the company’s stock.

Insider Activity

In other news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is owned by insiders.

Kimberly-Clark Price Performance

KMB stock opened at $110.38 on Friday. Kimberly-Clark Corporation has a 52 week low of $96.26 and a 52 week high of $150.45. The firm has a market capitalization of $36.64 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 3.92 and a beta of 0.26. The company has a fifty day simple moving average of $102.68 and a two-hundred day simple moving average of $112.49. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.50 EPS. Analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 4.6%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date is Friday, March 6th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 83.03%.

Analyst Upgrades and Downgrades

KMB has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. Barclays set a $102.00 price objective on Kimberly-Clark in a research report on Friday, January 16th. Zacks Research raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Morgan Stanley decreased their target price on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 4th. Finally, Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $119.00.

Kimberly-Clark 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.