Teacher Retirement System of Texas raised its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 46.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 427,374 shares of the company's stock after acquiring an additional 136,516 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.13% of Kimberly-Clark worth $56,003,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Kimberly-Clark in the 4th quarter valued at about $25,000. Marshall Investment Management LLC purchased a new position in Kimberly-Clark during the fourth quarter worth about $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the 3rd quarter valued at approximately $29,000. Golden State Wealth Management LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at about $32,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $33,000. 76.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
KMB has been the topic of a number of research reports. Royal Bank of Canada restated an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Friday, January 24th. Piper Sandler reiterated an "overweight" rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Barclays dropped their price objective on shares of Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. StockNews.com raised shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Finally, Citigroup dropped their target price on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $143.64.
Check Out Our Latest Analysis on Kimberly-Clark
Insiders Place Their Bets
In related news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark 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 transaction, the vice president now owns 2,553 shares in the company, valued at $357,420. This trade represents a 49.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.64% of the company's stock.
Kimberly-Clark Stock Performance
NYSE KMB traded down $0.87 during trading hours on Tuesday, reaching $136.95. The company's stock had a trading volume of 1,800,993 shares, compared to its average volume of 2,037,734. The stock has a market cap of $45.42 billion, a PE ratio of 18.14, a PEG ratio of 4.46 and a beta of 0.36. The business has a 50-day simple moving average of $135.09 and a 200 day simple moving average of $136.11. Kimberly-Clark Co. has a 52 week low of $123.84 and a 52 week high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.
Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results 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 return on equity of 201.43% and a net margin of 12.69%. Equities research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.
Kimberly-Clark Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.68%. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark's dividend payout ratio is currently 66.75%.
About Kimberly-Clark
(
Free Report)
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.
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