Andra AP fonden increased its holdings in Kimberly Clark Corp (NYSE:KMB) by 15.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,700 shares of the company’s stock after purchasing an additional 15,700 shares during the quarter. Andra AP fonden’s holdings in Kimberly Clark were worth $14,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. SignalPoint Asset Management LLC purchased a new position in shares of Kimberly Clark during the third quarter valued at approximately $289,000. Crossvault Capital Management LLC raised its holdings in Kimberly Clark by 3.7% in the 3rd quarter. Crossvault Capital Management LLC now owns 15,946 shares of the company’s stock worth $1,877,000 after acquiring an additional 575 shares during the last quarter. Tocqueville Asset Management L.P. raised its holdings in Kimberly Clark by 2.0% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 62,864 shares of the company’s stock worth $7,398,000 after acquiring an additional 1,260 shares during the last quarter. Garrison Financial Corp raised its holdings in Kimberly Clark by 4.5% in the 3rd quarter. Garrison Financial Corp now owns 27,435 shares of the company’s stock worth $3,229,000 after acquiring an additional 1,173 shares during the last quarter. Finally, Capital Advantage Inc. purchased a new position in Kimberly Clark in the 3rd quarter worth approximately $294,000. 71.47% of the stock is currently owned by institutional investors.
KMB has been the subject of a number of recent analyst reports. Macquarie initiated coverage on shares of Kimberly Clark in a report on Friday, September 15th. They issued a “neutral” rating and a $121.00 price objective for the company. Barclays restated a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Royal Bank of Canada reiterated a “hold” rating and set a $121.00 target price on shares of Kimberly Clark in a research note on Friday, October 13th. JPMorgan Chase & Co. lowered shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $115.55 to $100.00 in a research note on Friday, October 20th. Finally, Citigroup reiterated a “hold” rating and set a $125.00 target price (down from $131.00) on shares of Kimberly Clark in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $126.50.
Shares of Kimberly Clark Corp (KMB) traded up $0.28 during trading on Friday, reaching $112.98. 3,392,960 shares of the company traded hands, compared to its average volume of 1,842,635. The company has a market cap of $39,643.05, a P/E ratio of 18.64, a P/E/G ratio of 2.77 and a beta of 0.75. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. Kimberly Clark Corp has a one year low of $109.67 and a one year high of $136.21.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. Kimberly Clark’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS. analysts anticipate that Kimberly Clark Corp will post 6.2 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.03%.
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Kimberly Clark Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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