Railway Pension Investments Ltd Sells 20,600 Shares of Kimberly-Clark Corporation $KMB

Railway Pension Investments Ltd trimmed its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 8.3% during the second quarter, Holdings Channel reports. The firm owned 226,401 shares of the company’s stock after selling 20,600 shares during the period. Railway Pension Investments Ltd’s holdings in Kimberly-Clark were worth $29,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empirical Finance LLC lifted its holdings in Kimberly-Clark by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock valued at $1,531,000 after purchasing an additional 76 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in shares of Kimberly-Clark by 3.7% during the second quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock worth $284,000 after buying an additional 78 shares in the last quarter. TFB Advisors LLC raised its stake in shares of Kimberly-Clark by 4.2% in the second quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock valued at $261,000 after acquiring an additional 82 shares during the last quarter. Silver Coast Investments LLC boosted its holdings in shares of Kimberly-Clark by 5.2% in the 1st quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock worth $240,000 after acquiring an additional 83 shares in the last quarter. Finally, State of Wyoming raised its position in Kimberly-Clark by 3.0% in the 1st quarter. State of Wyoming now owns 2,879 shares of the company’s stock valued at $409,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the topic of several research reports. Barclays set a $132.00 price target on shares of Kimberly-Clark in a research report on Monday, November 3rd. Piper Sandler lowered their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. JPMorgan Chase & Co. upped their target price on shares of Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. TD Cowen reduced their price objective on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. Finally, Royal Bank Of Canada reiterated an “overweight” rating and set a $162.00 target price on shares of Kimberly-Clark in a research report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $128.91.

Kimberly-Clark Trading Up 0.8%

Shares of NASDAQ KMB opened at $109.16 on Friday. The stock has a market cap of $36.23 billion, a price-to-earnings ratio of 15.04, a P/E/G ratio of 3.67 and a beta of 0.26. Kimberly-Clark Corporation has a twelve month low of $99.22 and a twelve month high of $150.45. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61. The company’s fifty day moving average is $114.22 and its 200-day moving average is $125.74.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.37. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.Kimberly-Clark’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.83 EPS. Equities research analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.04 annualized dividend and a yield of 4.6%. Kimberly-Clark’s dividend payout ratio is 85.28%.

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.