APG Asset Management N.V. Reduces Position in Kimberly-Clark Corporation $KMB

APG Asset Management N.V. trimmed its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 2.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 483,097 shares of the company’s stock after selling 12,817 shares during the period. APG Asset Management N.V. owned 0.15% of Kimberly-Clark worth $60,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Kimberly-Clark by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock worth $5,212,942,000 after purchasing an additional 5,200,011 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Kimberly-Clark by 1.9% in the second 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 during the last quarter. Geode Capital Management LLC lifted its position in Kimberly-Clark by 4.6% during the second quarter. Geode Capital Management LLC now owns 8,254,137 shares of the company’s stock worth $1,065,423,000 after buying an additional 363,865 shares in the last quarter. Invesco Ltd. boosted its stake in Kimberly-Clark by 4.6% during the second quarter. Invesco Ltd. now owns 6,097,800 shares of the company’s stock worth $786,128,000 after buying an additional 270,134 shares during the last quarter. Finally, Norges Bank acquired a new position in Kimberly-Clark during the second quarter worth $556,114,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were 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 SEC, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on KMB. BNP Paribas Exane reiterated a “neutral” rating and set a $110.00 price target on shares of Kimberly-Clark in a report on Monday, December 1st. Morgan Stanley cut their price objective on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 4th. Evercore reiterated an “in-line” rating and issued a $120.00 target price (down from $150.00) on shares of Kimberly-Clark in a report on Tuesday, November 4th. TD Cowen cut their price target on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average target price of $119.00.

Kimberly-Clark Trading Up 1.0%

Shares of NASDAQ KMB opened at $111.44 on Monday. 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 stock has a market capitalization of $36.99 billion, a PE ratio of 18.36, a PEG ratio of 4.00 and a beta of 0.24. Kimberly-Clark Corporation has a twelve month low of $96.26 and a twelve month high of $150.45. The stock has a fifty day simple moving average of $102.90 and a 200-day simple moving average of $112.02.

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

Kimberly-Clark Increases Dividend

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

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.