New York State Teachers Retirement System lessened its holdings in Kimberly Clark Corp (NYSE:KMB) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 531,525 shares of the company’s stock after selling 15,201 shares during the quarter. New York State Teachers Retirement System owned approximately 0.15% of Kimberly Clark worth $62,550,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Heritage Trust Co boosted its stake in shares of Kimberly Clark by 11.2% in the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after purchasing an additional 100 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its stake in shares of Kimberly Clark by 63.8% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after purchasing an additional 400 shares during the last quarter. Armbruster Capital Management Inc. boosted its stake in shares of Kimberly Clark by 15.9% in the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after purchasing an additional 143 shares during the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of Kimberly Clark by 0.5% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after purchasing an additional 6 shares during the last quarter. Finally, MPS Loria Financial Planners LLC bought a new position in shares of Kimberly Clark in the 2nd quarter valued at about $150,000. 71.47% of the stock is currently owned by institutional investors.

Kimberly Clark Corp (NYSE KMB) opened at $120.45 on Thursday. Kimberly Clark Corp has a one year low of $109.67 and a one year high of $136.21. The firm has a market cap of $42,411.38, a P/E ratio of 19.73, a P/E/G ratio of 3.13 and a beta of 0.76. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, December 7th. Kimberly Clark’s payout ratio is currently 64.03%.

Several research analysts have recently issued reports on KMB shares. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Jefferies Group reissued a “hold” rating and set a $119.00 price objective on shares of Kimberly Clark in a research note on Thursday, September 7th. Royal Bank of Canada reissued a “hold” rating and set a $121.00 price objective on shares of Kimberly Clark in a research note on Friday, September 8th. Macquarie started coverage on shares of Kimberly Clark in a research note on Friday, September 15th. They set a “neutral” rating and a $121.00 price objective on the stock. Finally, J P Morgan Chase & Co lowered shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $115.55 to $100.00 in a research note on Friday, October 20th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $126.00.

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Kimberly Clark Company 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.

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

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