Tiaa Fsb Reduces Position in Kimberly Clark Corp (NYSE:KMB)

Tiaa Fsb lessened its position in shares of Kimberly Clark Corp (NYSE:KMB) by 39.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,087 shares of the company’s stock after selling 25,015 shares during the quarter. Tiaa Fsb’s holdings in Kimberly Clark were worth $5,552,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its stake in shares of Kimberly Clark by 3,829.5% in the 1st quarter. Rockefeller Capital Management L.P. now owns 3,065 shares of the company’s stock worth $380,000 after purchasing an additional 2,987 shares during the period. AlphaCrest Capital Management LLC purchased a new stake in Kimberly Clark in the 1st quarter worth approximately $316,000. Amundi Pioneer Asset Management Inc. increased its holdings in Kimberly Clark by 0.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 849,716 shares of the company’s stock worth $105,280,000 after acquiring an additional 4,639 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Kimberly Clark by 4.5% in the 1st quarter. Lazard Asset Management LLC now owns 422,461 shares of the company’s stock worth $52,342,000 after acquiring an additional 18,009 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in Kimberly Clark in the 1st quarter worth approximately $2,152,000. Hedge funds and other institutional investors own 71.86% of the company’s stock.

Shares of KMB opened at $137.35 on Thursday. The company has a debt-to-equity ratio of 134.02, a current ratio of 0.81 and a quick ratio of 0.53. Kimberly Clark Corp has a 1 year low of $100.32 and a 1 year high of $143.50. The company has a 50 day simple moving average of $138.38 and a two-hundred day simple moving average of $133.15. The firm has a market cap of $48.23 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 3.84 and a beta of 0.55.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The business had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.60 billion. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The company’s revenue was down .2% on a year-over-year basis. During the same period last year, the firm posted $1.59 EPS. On average, sell-side analysts anticipate that Kimberly Clark Corp will post 6.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.00%. Kimberly Clark’s dividend payout ratio is currently 62.33%.

KMB has been the subject of several analyst reports. Atlantic Securities raised shares of Kimberly Clark from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 24th. Bank of America raised shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a report on Friday, September 27th. Deutsche Bank increased their target price on shares of Kimberly Clark from $113.00 to $122.00 and gave the stock a “sell” rating in a report on Monday, June 17th. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 target price for the company in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Kimberly Clark from $151.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $136.77.

In other news, insider Achal Agarwal sold 8,947 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $139.50, for a total transaction of $1,248,106.50. Following the completion of the transaction, the insider now directly owns 57,103 shares in the company, valued at approximately $7,965,868.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffrey P. Melucci sold 26,839 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $141.17, for a total value of $3,788,861.63. Following the transaction, the senior vice president now owns 17,304 shares of the company’s stock, valued at $2,442,805.68. The disclosure for this sale can be found here. Insiders have sold a total of 44,584 shares of company stock valued at $6,242,483 over the last quarter. Corporate insiders own 0.85% of the company’s stock.

About Kimberly Clark

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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