Voleon Capital Management LP Takes $2.54 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Voleon Capital Management LP purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,414 shares of the company’s stock, valued at approximately $2,544,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC increased its position in Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after acquiring an additional 273,813 shares during the period. Passumpsic Savings Bank acquired a new position in shares of Kimberly-Clark in the third quarter valued at approximately $212,000. Chelsea Counsel Co. raised its stake in shares of Kimberly-Clark by 2.4% during the third quarter. Chelsea Counsel Co. now owns 12,870 shares of the company’s stock worth $1,847,000 after purchasing an additional 300 shares during the last quarter. Tudor Financial Inc. acquired a new stake in shares of Kimberly-Clark during the third quarter worth $280,000. Finally, World Investment Advisors LLC grew its position in Kimberly-Clark by 50.4% in the 3rd quarter. World Investment Advisors LLC now owns 4,920 shares of the company’s stock valued at $700,000 after buying an additional 1,648 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $131.63 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The firm’s 50-day simple moving average is $139.14 and its 200 day simple moving average is $135.32. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The firm has a market capitalization of $43.68 billion, a PE ratio of 17.43, a P/E/G ratio of 4.46 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the business earned $2.01 earnings per share. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KMB. Royal Bank of Canada reduced their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Barclays reduced their price objective on shares of Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their target price on Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a research report on Friday, April 11th. StockNews.com cut Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Finally, TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $145.08.

Insider Transactions at Kimberly-Clark

In related news, insider Katy Chen sold 1,794 shares of Kimberly-Clark stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total transaction of $234,547.56. Following the completion of the sale, the insider now owns 3,098 shares in the company, valued at approximately $405,032.52. This trade represents a 36.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the transaction, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,132 shares of company stock valued at $2,112,706 over the last three months. 0.64% of the stock is currently owned by insiders.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.