New Mexico Educational Retirement Board Has $2.11 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

New Mexico Educational Retirement Board lessened its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,093 shares of the company’s stock after selling 400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Kimberly-Clark were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of KMB. Creative Planning grew its holdings in shares of Kimberly-Clark by 1.3% during the 3rd quarter. Creative Planning now owns 75,147 shares of the company’s stock worth $10,692,000 after purchasing an additional 943 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in Kimberly-Clark by 6.0% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,337 shares of the company’s stock valued at $475,000 after buying an additional 188 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Kimberly-Clark by 1.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 36,300 shares of the company’s stock valued at $5,165,000 after buying an additional 359 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in Kimberly-Clark by 9.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 7,083 shares of the company’s stock valued at $1,008,000 after buying an additional 620 shares in the last quarter. Finally, Stonegate Investment Group LLC boosted its stake in Kimberly-Clark by 46.1% in the 3rd quarter. Stonegate Investment Group LLC now owns 3,818 shares of the company’s stock valued at $543,000 after buying an additional 1,204 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 1.9 %

KMB stock opened at $132.79 on Friday. The company has a market cap of $44.28 billion, a P/E ratio of 17.59, a PEG ratio of 4.12 and a beta of 0.41. Kimberly-Clark Co. has a twelve month low of $117.93 and a twelve month high of $149.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The business has a fifty day moving average of $129.84 and a 200-day moving average of $136.51.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, equities research analysts expect that Kimberly-Clark Co. will post 7.51 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.80%. Kimberly-Clark’s payout ratio is 66.75%.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction 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 completion of the sale, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is owned by insiders.

Analysts Set New Price Targets

KMB has been the topic of several recent analyst reports. StockNews.com lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company decreased their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Piper Sandler reiterated an “overweight” rating and issued a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Finally, UBS Group lifted their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $143.64.

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.