Andra AP fonden Sells 26,200 Shares of Kimberly-Clark Corporation $KMB

Andra AP fonden cut its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 8.7% in the third quarter, HoldingsChannel reports. The firm owned 275,300 shares of the company’s stock after selling 26,200 shares during the period. Andra AP fonden’s holdings in Kimberly-Clark were worth $34,231,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Cloud Capital Management LLC purchased a new position in Kimberly-Clark in the third quarter valued at about $25,000. True Wealth Design LLC grew its stake in Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Winnow Wealth LLC acquired a new position in Kimberly-Clark in the 2nd quarter worth approximately $27,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the second quarter valued at $27,000. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in shares of Kimberly-Clark by 105.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after buying an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on KMB. Wells Fargo & Company set a $110.00 price objective on shares of Kimberly-Clark in a research report on Tuesday, February 17th. Citigroup decreased their target price on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Barclays set a $102.00 target price on shares of Kimberly-Clark in a research note on Friday, January 16th. JPMorgan Chase & Co. raised their price objective on Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, TD Cowen lowered their price target on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $119.00.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is owned by company insiders.

Kimberly-Clark Price Performance

KMB stock opened at $110.38 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97. The business has a 50 day moving average price of $102.68 and a 200 day moving average price of $112.49. The stock has a market cap of $36.64 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 3.92 and a beta of 0.26. Kimberly-Clark Corporation has a fifty-two week low of $96.26 and a fifty-two week high of $150.45.

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

Kimberly-Clark Increases Dividend

The firm 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 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s payout ratio is 83.03%.

Kimberly-Clark Company 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.