New Mexico Educational Retirement Board lowered its stake in Kimberly Clark Corp (NYSE:KMB) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,193 shares of the company’s stock after selling 700 shares during the period. New Mexico Educational Retirement Board’s holdings in Kimberly Clark were worth $3,758,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of KMB. Horan Capital Advisors LLC. purchased a new stake in Kimberly Clark during the 1st quarter valued at $25,000. HMS Capital Management LLC purchased a new stake in Kimberly Clark during the 2nd quarter valued at $28,000. Manchester Financial Inc. purchased a new stake in Kimberly Clark during the 2nd quarter valued at $34,000. Weaver Consulting Group purchased a new stake in Kimberly Clark during the 1st quarter valued at $38,000. Finally, Penserra Capital Management LLC purchased a new stake in Kimberly Clark during the 1st quarter valued at $40,000. Institutional investors own 71.46% of the company’s stock.
In related news, SVP J. Scott Boston sold 4,834 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $136.26, for a total value of $658,680.84. Following the transaction, the senior vice president now directly owns 11,901 shares of the company’s stock, valued at approximately $1,621,630.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Achal Agarwal sold 8,947 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $139.50, for a total value of $1,248,106.50. Following the completion of the transaction, the insider now directly owns 57,103 shares in the company, valued at $7,965,868.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,745 shares of company stock worth $2,453,621. Company insiders own 0.85% of the company’s stock.
Shares of KMB stock traded down $0.24 on Thursday, reaching $141.67. The stock had a trading volume of 205,004 shares, compared to its average volume of 1,699,965. The stock has a market cap of $48.84 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 3.82 and a beta of 0.56. Kimberly Clark Corp has a 1 year low of $100.32 and a 1 year high of $143.16. The company has a debt-to-equity ratio of 134.02, a quick ratio of 0.53 and a current ratio of 0.81. The company has a 50 day simple moving average of $137.65 and a 200 day simple moving average of $128.06.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.03. The firm had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.60 billion. Kimberly Clark had a return on equity of 27,094.12% and a net margin of 9.80%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the business posted $1.59 EPS. On average, equities research analysts anticipate that Kimberly Clark Corp will post 6.8 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.91%. Kimberly Clark’s dividend payout ratio (DPR) is currently 62.33%.
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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