Teacher Retirement System of Texas raised its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 35.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,094 shares of the company’s stock after purchasing an additional 34,813 shares during the quarter. Teacher Retirement System of Texas’ holdings in Kimberly-Clark Corporation were worth $17,055,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in KMB. Tortoise Investment Management LLC raised its stake in Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after purchasing an additional 34 shares during the period. Acrospire Investment Management LLC raised its stake in Kimberly-Clark Corporation by 125.0% during the 1st quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after purchasing an additional 500 shares during the period. Armbruster Capital Management Inc. raised its stake in Kimberly-Clark Corporation by 38.5% during the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after purchasing an additional 250 shares during the period. Heritage Trust Co acquired a new stake in Kimberly-Clark Corporation during the 1st quarter valued at $118,000. Finally, V Wealth Management LLC acquired a new stake in Kimberly-Clark Corporation during the 2nd quarter valued at $123,000. 70.08% of the stock is currently owned by institutional investors.
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Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at 117.56 on Friday. The firm’s 50-day moving average is $119.28 and its 200-day moving average is $125.72. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The company has a market capitalization of $41.53 billion, a PE ratio of 19.63 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting the consensus estimate of $1.49. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. Kimberly-Clark Corporation’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.53 EPS. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.30%. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.
KMB has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. BidaskClub downgraded shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Royal Bank Of Canada reissued a “hold” rating and set a $121.00 target price on shares of Kimberly-Clark Corporation in a research note on Friday, September 8th. Macquarie started coverage on shares of Kimberly-Clark Corporation in a research note on Friday, September 15th. They issued a “neutral” rating and a $121.00 price target on the stock. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $119.00 price target on shares of Kimberly-Clark Corporation in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $131.46.
In other news, Director Robert W. Decherd acquired 1,500 shares of the stock in a transaction dated Thursday, August 3rd. The shares were bought at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the purchase, the director now directly owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is owned by insiders.
Kimberly-Clark Corporation 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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