Retirement Systems of Alabama Sells 1,988 Shares of Kimberly-Clark Co. (NYSE:KMB)

Retirement Systems of Alabama cut its position in Kimberly-Clark Co. (NYSE:KMB) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,478 shares of the company’s stock after selling 1,988 shares during the period. Retirement Systems of Alabama’s holdings in Kimberly-Clark were worth $9,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Financial Group LLC bought a new position in shares of Kimberly-Clark in the third quarter worth about $37,000. Bailard Inc. raised its holdings in shares of Kimberly-Clark by 18.8% during the 3rd quarter. Bailard Inc. now owns 6,914 shares of the company’s stock worth $836,000 after acquiring an additional 1,096 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Kimberly-Clark by 1.1% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 162,567 shares of the company’s stock valued at $19,646,000 after acquiring an additional 1,800 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Kimberly-Clark by 3.4% in the third quarter. Brown Advisory Inc. now owns 423,507 shares of the company’s stock valued at $51,181,000 after purchasing an additional 13,757 shares in the last quarter. Finally, Strategic Investment Advisors MI bought a new stake in Kimberly-Clark in the third quarter worth $691,000. 76.29% of the stock is currently owned by institutional investors.

Insider Transactions at Kimberly-Clark

In related news, insider Doug Cunningham sold 1,040 shares of Kimberly-Clark stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.86, for a total value of $142,334.40. Following the completion of the sale, the insider now directly owns 3,833 shares in the company, valued at $524,584.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Paula Ramos sold 10,178 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Doug Cunningham sold 1,040 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $136.86, for a total transaction of $142,334.40. Following the completion of the transaction, the insider now directly owns 3,833 shares of the company’s stock, valued at approximately $524,584.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,562 shares of company stock valued at $2,808,345. 0.62% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KMB has been the subject of several research reports. Piper Sandler increased their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Evercore ISI upgraded Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $133.00 to $150.00 in a research report on Thursday, March 28th. HSBC upped their price objective on Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $134.85.

Kimberly-Clark Stock Down 0.3 %

Shares of KMB opened at $136.10 on Friday. The firm has a market capitalization of $45.83 billion, a P/E ratio of 25.02, a P/E/G ratio of 3.88 and a beta of 0.38. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $146.15. The firm has a fifty day moving average price of $127.19 and a 200-day moving average price of $123.33. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 EPS. Equities research analysts expect that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Friday, June 7th. Kimberly-Clark’s dividend payout ratio is 89.71%.

Kimberly-Clark Profile

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.