Kimberly-Clark Corporation $KMB Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 10.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 315,539 shares of the company’s stock after purchasing an additional 30,371 shares during the quarter. Teacher Retirement System of Texas’ holdings in Kimberly-Clark were worth $39,234,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MOKAN Wealth Management Inc. boosted its position in shares of Kimberly-Clark by 14.6% during the 3rd quarter. MOKAN Wealth Management Inc. now owns 5,870 shares of the company’s stock worth $730,000 after acquiring an additional 746 shares in the last quarter. iA Global Asset Management Inc. lifted its stake in Kimberly-Clark by 220.0% during the third quarter. iA Global Asset Management Inc. now owns 22,163 shares of the company’s stock worth $2,756,000 after purchasing an additional 15,237 shares during the last quarter. Rakuten Investment Management Inc. purchased a new stake in Kimberly-Clark during the third quarter worth approximately $1,588,000. Cornerstone Wealth Group LLC boosted its holdings in Kimberly-Clark by 5.2% in the third quarter. Cornerstone Wealth Group LLC now owns 3,944 shares of the company’s stock valued at $490,000 after purchasing an additional 196 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Kimberly-Clark by 16.4% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 267,184 shares of the company’s stock valued at $33,222,000 after purchasing an additional 37,711 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. TD Cowen lowered their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Piper Sandler decreased their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. BNP Paribas Exane reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Kimberly-Clark in a report on Monday, December 1st. Citigroup reduced their target price on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a report on Wednesday, January 14th. Finally, Evercore ISI restated an “in-line” rating and set a $120.00 price target (down previously from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $118.33.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $102.23 on Friday. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $150.45. The stock has a market capitalization of $33.93 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 3.92 and a beta of 0.26. The company has a 50-day simple moving average of $102.19 and a 200-day simple moving average of $116.51. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.37. The firm 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 183.11% and a net margin of 10.89%.The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.83 EPS. On average, analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Friday, December 5th. Kimberly-Clark’s dividend payout ratio is 85.28%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.