Kimberly-Clark Corporation $KMB Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 16.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,232,184 shares of the company’s stock after selling 248,461 shares during the period. California Public Employees Retirement System owned 0.37% of Kimberly-Clark worth $158,853,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Financial Network Wealth Advisors LLC lifted its stake in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after buying an additional 125 shares during the period. Investment Research & Advisory Group Inc. acquired a new position in Kimberly-Clark in the 2nd quarter valued at $25,000. Princeton Global Asset Management LLC lifted its stake in shares of Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares during the period. Winnow Wealth LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth $27,000. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in shares of Kimberly-Clark by 105.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $102.96 on Monday. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56. Kimberly-Clark Corporation has a 1-year low of $99.22 and a 1-year high of $150.45. The firm has a market capitalization of $34.17 billion, a P/E ratio of 17.42, a P/E/G ratio of 3.80 and a beta of 0.25. The business’s 50-day simple moving average is $112.50 and its 200-day simple moving average is $124.48.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 EPS. Equities analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, December 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 85.28%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KMB shares. JPMorgan Chase & Co. upped their target price on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Thursday, November 13th. BNP Paribas reiterated a “neutral” rating and set a $110.00 price objective on shares of Kimberly-Clark in a report on Monday, December 1st. TD Cowen decreased their target price on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimberly-Clark in a research report on Monday, December 1st. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $126.00.

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.