Arizona State Retirement System Has $10.03 Million Holdings in Kimberly Clark Corp (KMB)

Arizona State Retirement System cut its holdings in Kimberly Clark Corp (NYSE:KMB) by 5.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 80,912 shares of the company’s stock after selling 4,653 shares during the period. Arizona State Retirement System’s holdings in Kimberly Clark were worth $10,025,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Winslow Evans & Crocker Inc. increased its holdings in shares of Kimberly Clark by 5.8% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 1,560 shares of the company’s stock worth $194,000 after buying an additional 86 shares during the last quarter. Signature Wealth Management Group increased its holdings in shares of Kimberly Clark by 0.3% during the 4th quarter. Signature Wealth Management Group now owns 28,005 shares of the company’s stock worth $3,191,000 after buying an additional 88 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in shares of Kimberly Clark by 4.5% during the 4th quarter. Rehmann Capital Advisory Group now owns 2,056 shares of the company’s stock worth $234,000 after buying an additional 89 shares during the last quarter. Aspiriant LLC increased its holdings in shares of Kimberly Clark by 4.9% during the 4th quarter. Aspiriant LLC now owns 1,952 shares of the company’s stock worth $224,000 after buying an additional 92 shares during the last quarter. Finally, Sage Capital Advisors llc increased its holdings in shares of Kimberly Clark by 0.4% during the 4th quarter. Sage Capital Advisors llc now owns 20,970 shares of the company’s stock worth $2,389,000 after buying an additional 92 shares during the last quarter. Institutional investors own 73.51% of the company’s stock.

NYSE:KMB opened at $127.50 on Friday. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.73 and a quick ratio of 0.47. The stock has a market capitalization of $43.19 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 3.74 and a beta of 0.61. Kimberly Clark Corp has a 1-year low of $99.36 and a 1-year high of $132.47.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Monday, April 22nd. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.12. The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Kimberly Clark had a net margin of 9.63% and a return on equity of 5,637.04%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.71 EPS. As a group, sell-side analysts expect that Kimberly Clark Corp will post 6.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a $1.03 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $4.12 dividend on an annualized basis and a yield of 3.23%. Kimberly Clark’s payout ratio is currently 62.33%.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $138.00 price target for the company in a research report on Monday, April 15th. ValuEngine raised shares of Kimberly Clark from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Citigroup upped their price target on shares of Kimberly Clark from $102.00 to $116.00 and gave the stock a “sell” rating in a research report on Tuesday, April 23rd. Macquarie raised shares of Kimberly Clark from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $102.00 to $142.00 in a research report on Tuesday, April 23rd. Finally, BNP Paribas assumed coverage on shares of Kimberly Clark in a research report on Monday, February 11th. They set an “outperform” rating and a $130.00 price target for the company. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $120.24.

In other Kimberly Clark news, SVP J. Scott Boston sold 16,836 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $126.20, for a total value of $2,124,703.20. Following the completion of the transaction, the senior vice president now directly owns 23,849 shares of the company’s stock, valued at approximately $3,009,743.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Sandra Macquillan sold 6,774 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $124.87, for a total transaction of $845,869.38. Following the completion of the transaction, the senior vice president now directly owns 15,287 shares of the company’s stock, valued at $1,908,887.69. The disclosure for this sale can be found here. Over the last three months, insiders sold 333,310 shares of company stock valued at $41,822,887. 0.85% of the stock is currently owned by corporate insiders.

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Kimberly Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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