Teachers Retirement System of The State of Kentucky reduced its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,268 shares of the company’s stock after selling 2,800 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Kimberly Clark Corp were worth $5,052,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the stock. State Street Corp increased its position in Kimberly Clark Corp by 4.0% in the fourth quarter. State Street Corp now owns 17,427,924 shares of the company’s stock worth $1,988,958,000 after buying an additional 672,285 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Kimberly Clark Corp by 1.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,464,788 shares of the company’s stock worth $1,320,028,000 after buying an additional 191,972 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Kimberly Clark Corp by 2.9% in the third quarter. BlackRock Fund Advisors now owns 8,062,838 shares of the company’s stock worth $1,017,046,000 after buying an additional 224,479 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Kimberly Clark Corp by 5.9% in the third quarter. Bank of New York Mellon Corp now owns 4,127,634 shares of the company’s stock worth $520,661,000 after buying an additional 230,574 shares during the period. Finally, Federated Investors Inc. PA boosted its stake in Kimberly Clark Corp by 1.5% in the fourth quarter. Federated Investors Inc. PA now owns 3,727,682 shares of the company’s stock worth $425,403,000 after buying an additional 54,976 shares during the period. Institutional investors and hedge funds own 68.65% of the company’s stock.
Kimberly Clark Corp (NYSE:KMB) traded down 0.97% during mid-day trading on Friday, hitting $129.96. The stock had a trading volume of 2,967,731 shares. The company’s 50 day moving average is $132.89 and its 200-day moving average is $122.11. The stock has a market capitalization of $46.30 billion, a P/E ratio of 21.70 and a beta of 0.65. Kimberly Clark Corp has a 52 week low of $111.30 and a 52 week high of $138.87.
Kimberly Clark Corp (NYSE:KMB) last announced its earnings results on Tuesday, January 24th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.03. Kimberly Clark Corp had a return on equity of 614.22% and a net margin of 11.90%. The business earned $4.50 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the previous year, the business earned $1.42 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. On average, analysts expect that Kimberly Clark Corp will post $6.33 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, June 9th will be given a dividend of $0.97 per share. The ex-dividend date is Wednesday, June 7th. This represents a $3.88 annualized dividend and a dividend yield of 2.99%. Kimberly Clark Corp’s dividend payout ratio (DPR) is presently 61.54%.
KMB has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Kimberly Clark Corp from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Tuesday, March 21st. JPMorgan Chase & Co. initiated coverage on Kimberly Clark Corp in a research note on Tuesday, March 21st. They issued a “neutral” rating and a $139.00 price target on the stock. Citigroup Inc increased their price target on Kimberly Clark Corp to $126.00 in a research note on Wednesday, January 25th. TheStreet cut Kimberly Clark Corp from a “b” rating to a “c+” rating in a research note on Tuesday, January 24th. Finally, Societe Generale cut Kimberly Clark Corp from a “buy” rating to a “hold” rating and increased their price target for the company from $139.00 to $144.00 in a research note on Friday, March 10th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $133.58.
In other Kimberly Clark Corp news, insider Kimberly K. Underhill sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $120.95, for a total transaction of $483,800.00. Following the completion of the transaction, the insider now owns 17,912 shares in the company, valued at $2,166,456.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.58% of the stock is owned by insiders.
About Kimberly Clark Corp
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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