Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 2,410 Shares of Kimberly-Clark Co. (NYSE:KMB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 70,909 shares of the company's stock after selling 2,410 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Kimberly-Clark were worth $9,292,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Marshall Investment Management LLC bought a new position in Kimberly-Clark during the 4th quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $25,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark during the third quarter worth about $29,000. Roxbury Financial LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter worth approximately $33,000. Finally, Golden State Wealth Management LLC bought a new stake in Kimberly-Clark in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Analysts Set New Price Targets

KMB has been the subject of several analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. StockNews.com raised shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Citigroup cut their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a research report on Wednesday, January 15th. UBS Group lifted their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company cut their target price on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of "Hold" and an average price target of $143.64.

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Kimberly-Clark Stock Down 0.6 %

Shares of NYSE:KMB traded down $0.87 during trading on Tuesday, reaching $136.95. 1,800,993 shares of the stock were exchanged, compared to its average volume of 2,035,256. The stock has a fifty day moving average of $135.30 and a two-hundred day moving average of $136.04. Kimberly-Clark Co. has a 1-year low of $123.84 and a 1-year high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market cap of $45.42 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.68%. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's payout ratio is 66.75%.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 2,500 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the sale, the vice president now owns 2,553 shares in the company, valued at $357,420. This represents a 49.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.64% of the company's stock.

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.