Teachers Retirement System of The State of Kentucky Reduces Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Teachers Retirement System of The State of Kentucky trimmed its position in Kimberly-Clark Co. (NYSE:KMB) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,171 shares of the company’s stock after selling 1,580 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Kimberly-Clark were worth $3,581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. William B. Walkup & Associates Inc. purchased a new position in Kimberly-Clark in the second quarter worth about $26,000. New Millennium Group LLC purchased a new position in Kimberly-Clark in the second quarter worth about $28,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark in the third quarter worth about $29,000. DiNuzzo Private Wealth Inc. boosted its position in Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares during the last quarter. Finally, Kennebec Savings Bank purchased a new position in Kimberly-Clark in the third quarter worth about $36,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays lifted their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. UBS Group lowered their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Stock Up 0.3 %

NYSE KMB opened at $131.34 on Friday. The stock’s 50 day moving average is $137.08 and its 200 day moving average is $139.30. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The stock has a market cap of $43.80 billion, a PE ratio of 17.04, a P/E/G ratio of 2.74 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the previous year, the company posted $1.74 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. Research analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s payout ratio is 63.29%.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.62% of the company’s stock.

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.