California State Teachers Retirement System reduced its holdings in Kimberly Clark Corp (NYSE:KMB) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 594,577 shares of the company’s stock after selling 6,935 shares during the period. California State Teachers Retirement System owned about 0.17% of Kimberly Clark worth $71,742,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Beach Investment Management LLC. acquired a new position in Kimberly Clark in the 2nd quarter worth about $2,440,000. Omnia Family Wealth LLC increased its position in Kimberly Clark by 1.7% in the 2nd quarter. Omnia Family Wealth LLC now owns 1,679 shares of the company’s stock worth $218,000 after purchasing an additional 28 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in Kimberly Clark by 36.1% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 3,911 shares of the company’s stock worth $505,000 after purchasing an additional 1,038 shares during the last quarter. Regal Investment Advisors LLC increased its position in Kimberly Clark by 17.5% in the 2nd quarter. Regal Investment Advisors LLC now owns 6,817 shares of the company’s stock worth $880,000 after purchasing an additional 1,017 shares during the last quarter. Finally, Dai Ichi Life Insurance Company Ltd increased its position in Kimberly Clark by 6.1% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 85,341 shares of the company’s stock worth $11,018,000 after purchasing an additional 4,929 shares during the last quarter. 74.57% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Kimberly K. Underhill sold 23,158 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the transaction, the insider now owns 31,141 shares of the company’s stock, valued at approximately $3,729,757.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.
Kimberly Clark Corp (NYSE:KMB) opened at $113.06 on Tuesday. The company has a debt-to-equity ratio of 7.34, a quick ratio of 0.58 and a current ratio of 0.89. The company has a market capitalization of $39,650.00, a PE ratio of 18.26, a PEG ratio of 2.02 and a beta of 0.69. Kimberly Clark Corp has a fifty-two week low of $109.51 and a fifty-two week high of $135.22.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. The business had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.61 billion. Kimberly Clark had a return on equity of 488.73% and a net margin of 11.44%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.45 EPS. analysts expect that Kimberly Clark Corp will post 7 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be issued a dividend of $1.00 per share. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.54%. Kimberly Clark’s dividend payout ratio is currently 64.62%.
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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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