California State Teachers Retirement System Has $84.65 Million Stake in Kimberly-Clark Corporation (KMB)

California State Teachers Retirement System reduced its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 8.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 655,653 shares of the company’s stock after selling 63,320 shares during the quarter. California State Teachers Retirement System owned approximately 0.19% of Kimberly-Clark worth $84,651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Martin Investment Management LLC purchased a new stake in Kimberly-Clark in the 2nd quarter valued at approximately $443,000. Pax World Management LLC lifted its stake in Kimberly-Clark by 7.7% in the 2nd quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock valued at $359,000 after buying an additional 200 shares in the last quarter. Boston Family Office LLC lifted its stake in Kimberly-Clark by 0.8% in the 2nd quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock valued at $1,496,000 after buying an additional 90 shares in the last quarter. Capital Research Global Investors lifted its stake in Kimberly-Clark by 46.6% in the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after buying an additional 3,191,549 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Kimberly-Clark by 3.7% during the 1st quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after purchasing an additional 68,776 shares during the period. Hedge funds and other institutional investors own 71.61% of the company’s stock.

Shares of Kimberly-Clark Corporation (KMB) traded down $0.67 during trading on Tuesday, reaching $122.44. 416,664 shares of the company’s stock traded hands, compared to its average volume of 1,815,485. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. The company has a market capitalization of $43,300.00, a PE ratio of 19.72, a price-to-earnings-growth ratio of 3.13 and a beta of 0.76. Kimberly-Clark Corporation has a 1 year low of $109.67 and a 1 year high of $136.21.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. Kimberly-Clark had a net margin of 11.89% and a return on equity of 666.97%. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. equities analysts expect that Kimberly-Clark Corporation will post 6.2 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $3.88 annualized dividend and a yield of 3.17%. Kimberly-Clark’s dividend payout ratio is currently 64.03%.

KMB has been the topic of several research reports. Jefferies Group reaffirmed a “hold” rating and issued a $119.00 target price on shares of Kimberly-Clark in a research report on Thursday, September 7th. Zacks Investment Research upgraded Kimberly-Clark from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Citigroup restated a “neutral” rating and set a $131.00 target price (down from $132.00) on shares of Kimberly-Clark in a research note on Friday, August 11th. Macquarie assumed coverage on Kimberly-Clark in a research note on Friday, September 15th. They set a “neutral” rating and a $121.00 target price for the company. Finally, Barclays reiterated a “hold” rating on shares of Kimberly-Clark in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $127.14.

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Kimberly-Clark Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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

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