Kimberly Clark Corp (KMB) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 8.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 601,512 shares of the company’s stock after selling 54,141 shares during the quarter. California State Teachers Retirement System’s holdings in Kimberly Clark were worth $70,786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Research Global Investors grew its stake in Kimberly Clark by 46.6% in the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after purchasing an additional 3,191,549 shares during the period. Janus Henderson Group PLC grew its stake in Kimberly Clark by 5,178.3% in the second quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock worth $319,676,000 after purchasing an additional 2,429,085 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Kimberly Clark by 305.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock worth $259,496,000 after purchasing an additional 1,514,722 shares during the period. Stifel Financial Corp grew its stake in Kimberly Clark by 29,110.9% in the third quarter. Stifel Financial Corp now owns 778,470 shares of the company’s stock worth $91,647,000 after purchasing an additional 775,805 shares during the period. Finally, APG Asset Management N.V. grew its stake in Kimberly Clark by 35.9% in the third quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock worth $322,672,000 after purchasing an additional 723,800 shares during the period. 71.47% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on KMB shares. Societe Generale raised Kimberly Clark from a “hold” rating to a “buy” rating and increased their target price for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a research note on Wednesday. Citigroup reissued a “hold” rating and issued a $125.00 target price (down from $131.00) on shares of Kimberly Clark in a research note on Tuesday, October 24th. Royal Bank of Canada reissued a “hold” rating and issued a $121.00 target price on shares of Kimberly Clark in a research note on Friday, October 13th. Finally, Barclays reissued a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. Kimberly Clark currently has a consensus rating of “Hold” and an average price target of $126.50.

Kimberly Clark Corp (NYSE:KMB) opened at $112.70 on Friday. The stock has a market capitalization of $39,640.00, a price-to-earnings ratio of 18.60, a PEG ratio of 2.93 and a beta of 0.75. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. Kimberly Clark Corp has a 1-year low of $109.67 and a 1-year high of $136.21.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.52 earnings per share. analysts predict that Kimberly Clark Corp will post 6.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Thursday, December 7th. Kimberly Clark’s payout ratio is currently 64.03%.

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About Kimberly Clark

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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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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