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

Voleon Capital Management LP bought a new position in Kimberly-Clark Co. (NYSE:KMB) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 19,414 shares of the company’s stock, valued at approximately $2,544,000.

Other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $25,000. Marshall Investment Management LLC acquired a new position in Kimberly-Clark during the fourth quarter valued at approximately $25,000. Golden State Wealth Management LLC purchased a new stake in Kimberly-Clark during the fourth quarter worth approximately $32,000. Strategic Financial Concepts LLC acquired a new stake in shares of Kimberly-Clark in the fourth quarter worth $33,000. Finally, Roxbury Financial LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at $33,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Up 0.8 %

NYSE KMB opened at $131.63 on Thursday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a 50-day simple moving average of $139.14 and a 200-day simple moving average of $135.32. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The firm has a market capitalization of $43.68 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. Royal Bank of Canada reduced their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Barclays cut their price target on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a research note on Friday, April 11th. Finally, UBS Group upped their target price on Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $145.08.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the completion of the transaction, the vice president now directly owns 2,553 shares of the company’s stock, valued at $357,420. The trade was a 49.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Katy Chen sold 1,794 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The shares were 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 $405,032.52. The trade was a 36.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,132 shares of company stock valued at $2,112,706. 0.64% of the stock is currently owned by company 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.