New York State Teachers Retirement System boosted its holdings in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 304,403 shares of the company’s stock after acquiring an additional 12,229 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Kimberly-Clark worth $43,310,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of KMB. Price T Rowe Associates Inc. MD boosted its holdings in Kimberly-Clark by 19.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after buying an additional 944,920 shares in the last quarter. Wulff Hansen & CO. grew its holdings in shares of Kimberly-Clark by 13,720.0% in the 2nd quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock worth $88,659,000 after acquiring an additional 636,882 shares during the last quarter. Marshall Wace LLP raised its position in shares of Kimberly-Clark by 48.4% during the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after purchasing an additional 503,839 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Kimberly-Clark by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after purchasing an additional 354,501 shares during the last quarter. Finally, Capital World Investors boosted its position in shares of Kimberly-Clark by 17.8% in the 1st quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock valued at $293,559,000 after purchasing an additional 342,790 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company lowered their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their target price on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. UBS Group dropped their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Piper Sandler raised their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $149.93.
Kimberly-Clark Trading Down 0.1 %
Kimberly-Clark stock opened at $134.44 on Thursday. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The company’s fifty day moving average price is $142.39 and its two-hundred day moving average price is $138.98. The company has a market capitalization of $45.27 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 2.89 and a beta of 0.39. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.58.
Kimberly-Clark (NYSE:KMB – Get Free Report) last posted its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same period in the previous year, the company earned $1.74 EPS. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.
About Kimberly-Clark
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.
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