Tredje AP fonden reduced its holdings in Kimberly Clark Corp (NYSE:KMB) by 7.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,102 shares of the company’s stock after selling 2,124 shares during the quarter. Tredje AP fonden’s holdings in Kimberly Clark were worth $3,439,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. John W. Brooker & Co. CPAs acquired a new position in shares of Kimberly Clark in the 4th quarter worth approximately $25,000. Princeton Global Asset Management LLC acquired a new position in shares of Kimberly Clark in the 4th quarter worth approximately $26,000. Moser Wealth Advisors LLC acquired a new position in shares of Kimberly Clark in the 4th quarter worth approximately $28,000. Sailer Financial LLC acquired a new position in shares of Kimberly Clark in the 4th quarter worth approximately $28,000. Finally, Red Door Wealth Management LLC acquired a new position in shares of Kimberly Clark in the 1st quarter worth approximately $31,000. 72.55% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have issued reports on KMB. Royal Bank of Canada reaffirmed a “hold” rating and set a $149.00 price objective on shares of Kimberly Clark in a report on Wednesday, April 22nd. Barclays reaffirmed a “buy” rating and set a $143.00 price objective on shares of Kimberly Clark in a report on Tuesday, April 7th. Goldman Sachs Group raised Kimberly Clark to a “hold” rating in a report on Monday, March 30th. Citigroup upped their price objective on Kimberly Clark from $123.00 to $135.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Finally, ValuEngine raised Kimberly Clark from a “sell” rating to a “hold” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Kimberly Clark has an average rating of “Hold” and a consensus target price of $146.70.
Shares of Kimberly Clark stock traded up $2.28 on Friday, hitting $139.74. 1,442,456 shares of the company’s stock traded hands, compared to its average volume of 1,705,895. The firm’s 50-day moving average price is $136.74 and its two-hundred day moving average price is $136.98. The stock has a market capitalization of $46.81 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 3.59 and a beta of 0.49. Kimberly Clark Corp has a one year low of $110.66 and a one year high of $149.23. The company has a debt-to-equity ratio of 156.74, a current ratio of 0.87 and a quick ratio of 0.63.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Wednesday, April 22nd. The company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.98 by $0.15. Kimberly Clark had a net margin of 12.55% and a return on equity of 2,686.77%. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter in the previous year, the company posted $1.66 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts forecast that Kimberly Clark Corp will post 7.57 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, June 4th. Kimberly Clark’s dividend payout ratio is currently 62.12%.
In related news, insider Kimberly K. Underhill sold 4,679 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $139.00, for a total value of $650,381.00. Following the completion of the sale, the insider now owns 42,643 shares in the company, valued at approximately $5,927,377. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Kimberly K. Underhill sold 24,469 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $140.25, for a total transaction of $3,431,777.25. Following the completion of the sale, the insider now owns 57,527 shares of the company’s stock, valued at approximately $8,068,161.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,536 shares of company stock valued at $5,969,866. 0.72% of the stock is owned by corporate insiders.
Kimberly Clark Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
Read More: Limitations of analyzing profit margin
Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.