Teachers Retirement System of The State of Kentucky Sells 1,489 Shares of Kimberly-Clark Co. (NYSE:KMB)

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 27,555 shares of the company’s stock after selling 1,489 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Kimberly-Clark were worth $3,564,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Rise Advisors LLC grew its holdings in shares of Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares during the last quarter. Cranbrook Wealth Management LLC grew its holdings in shares of Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Accordant Advisory Group Inc bought a new position in Kimberly-Clark in the first quarter valued at about $27,000. Crewe Advisors LLC bought a new position in Kimberly-Clark in the first quarter valued at about $27,000. Finally, Wetzel Investment Advisors Inc. bought a new position in Kimberly-Clark in the fourth quarter valued at about $35,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 1.2 %

Shares of NYSE KMB traded up $1.62 during mid-day trading on Friday, reaching $140.10. 2,401,756 shares of the company’s stock were exchanged, compared to its average volume of 2,480,943. The firm has a market capitalization of $47.19 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 2.95 and a beta of 0.37. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. The business has a fifty day simple moving average of $138.33 and a 200 day simple moving average of $130.68. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $145.62.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. Kimberly-Clark’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.65 earnings per share. As a group, equities analysts expect that Kimberly-Clark Co. will post 7.21 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Analyst Ratings Changes

Several equities analysts recently issued reports on KMB shares. Deutsche Bank Aktiengesellschaft raised their price target on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their price target for the company from $115.00 to $160.00 in a report on Thursday, June 13th. Argus upgraded Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. HSBC raised their price target on Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Finally, Piper Sandler increased their target price on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $145.67.

Insider Transactions at Kimberly-Clark

In related news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the sale, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. Insiders have sold a total of 43,312 shares of company stock valued at $6,106,519 over the last 90 days. 0.62% of the stock is owned by company insiders.

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.