Public Employees Retirement Association of Colorado Has $6.02 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Public Employees Retirement Association of Colorado lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 8.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,520 shares of the company’s stock after selling 4,258 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Kimberly-Clark were worth $6,017,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sequoia Financial Advisors LLC raised its stake in Kimberly-Clark by 204.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock worth $2,500,000 after acquiring an additional 13,806 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Kimberly-Clark by 18.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock worth $58,738,000 after acquiring an additional 69,794 shares in the last quarter. Virtu Financial LLC raised its stake in Kimberly-Clark by 506.8% during the fourth quarter. Virtu Financial LLC now owns 12,955 shares of the company’s stock worth $1,574,000 after acquiring an additional 10,820 shares in the last quarter. Nixon Peabody Trust Co. acquired a new position in Kimberly-Clark during the fourth quarter worth about $1,081,000. Finally, Focus Financial Network Inc. ADV acquired a new position in Kimberly-Clark during the fourth quarter worth about $1,094,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of several research analyst reports. Piper Sandler boosted their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $115.00 to $160.00 in a report on Thursday, June 13th. Barclays reduced their price target on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. UBS Group boosted their price target on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $145.67.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total value of $342,075.00. Following the transaction, the vice president now directly owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Doug Cunningham sold 1,040 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $524,584.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Andrew Drexler sold 2,500 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total value of $342,075.00. Following the completion of the sale, the vice president now directly owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,072 shares of company stock valued at $6,340,233. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Trading Down 0.3 %

KMB stock traded down $0.41 during trading on Monday, hitting $141.40. The company had a trading volume of 1,341,169 shares, compared to its average volume of 2,161,810. The business has a 50-day moving average of $137.81 and a 200-day moving average of $130.28. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $145.62. The stock has a market cap of $47.62 billion, a PE ratio of 25.94, a PEG ratio of 3.02 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.

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

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.45%. The ex-dividend date was Friday, June 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 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.