Tredje AP fonden Invests $2.65 Million in Kimberly-Clark Corporation $KMB

Tredje AP fonden purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, Holdings Channel.com reports. The fund purchased 20,575 shares of the company’s stock, valued at approximately $2,653,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KMB. Investment Research & Advisory Group Inc. purchased a new stake in shares of Kimberly-Clark in the second quarter valued at about $25,000. Princeton Global Asset Management LLC raised its holdings in shares of Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the last quarter. Financial Network Wealth Advisors LLC increased its stake in Kimberly-Clark by 176.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. Elequin Capital LP purchased a new stake in Kimberly-Clark in the 1st quarter valued at about $36,000. Finally, Rossby Financial LCC purchased a new stake in Kimberly-Clark in the 1st quarter valued at about $37,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on KMB. Barclays decreased their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. JPMorgan Chase & Co. raised their target price on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday. Citigroup decreased their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research report on Thursday, October 9th. UBS Group raised their target price on Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday. Finally, TD Cowen decreased their price objective on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $135.78.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $119.71 on Monday. The stock has a market cap of $39.72 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 3.67 and a beta of 0.30. Kimberly-Clark Corporation has a fifty-two week low of $116.26 and a fifty-two week high of $150.45. The company has a debt-to-equity ratio of 4.61, a quick ratio of 0.56 and a current ratio of 0.77. The stock has a fifty day moving average of $123.92 and a 200-day moving average of $129.91.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.37. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 earnings per share. Equities research analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Company Profile

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.