State Treasurer State of Michigan Grows Stake in Kimberly Clark Corp (KMB)

State Treasurer State of Michigan grew its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 0.1% in the 1st quarter, Holdings Channel reports. The firm owned 99,246 shares of the company’s stock after purchasing an additional 100 shares during the quarter. State Treasurer State of Michigan’s holdings in Kimberly Clark were worth $12,297,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cetera Advisor Networks LLC increased its stake in Kimberly Clark by 2.2% in the 1st quarter. Cetera Advisor Networks LLC now owns 44,944 shares of the company’s stock valued at $5,554,000 after purchasing an additional 976 shares in the last quarter. First Allied Advisory Services Inc. increased its stake in Kimberly Clark by 18.3% in the 1st quarter. First Allied Advisory Services Inc. now owns 20,949 shares of the company’s stock valued at $2,591,000 after purchasing an additional 3,243 shares in the last quarter. Johanson Financial Advisors Inc. increased its stake in Kimberly Clark by 19.4% in the 1st quarter. Johanson Financial Advisors Inc. now owns 4,512 shares of the company’s stock valued at $560,000 after purchasing an additional 732 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in Kimberly Clark by 7.9% in the 1st quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 4,118 shares of the company’s stock valued at $510,000 after purchasing an additional 300 shares in the last quarter. Finally, Kovack Advisors Inc. increased its stake in Kimberly Clark by 28.2% in the 1st quarter. Kovack Advisors Inc. now owns 5,362 shares of the company’s stock valued at $664,000 after purchasing an additional 1,181 shares in the last quarter. 73.60% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Thomas J. Falk sold 303,578 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $125.66, for a total transaction of $38,147,611.48. Following the sale, the insider now owns 83,717 shares in the company, valued at $10,519,878.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Aaron Powell sold 6,986 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $127.02, for a total value of $887,361.72. The disclosure for this sale can be found here. Insiders have sold 414,625 shares of company stock worth $52,290,397 in the last 90 days. Insiders own 0.85% of the company’s stock.

Kimberly Clark stock traded up $0.40 during mid-day trading on Friday, hitting $129.12. 13,911 shares of the company were exchanged, compared to its average volume of 1,818,438. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.47 and a current ratio of 0.73. The company has a market capitalization of $44.24 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 3.75 and a beta of 0.61. Kimberly Clark Corp has a 12-month low of $99.36 and a 12-month high of $132.47.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, April 22nd. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.12. The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.55 billion. Kimberly Clark had a return on equity of 5,637.04% and a net margin of 9.63%. Kimberly Clark’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.71 earnings per share. On average, analysts forecast that Kimberly Clark Corp will post 6.66 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, June 6th. Kimberly Clark’s dividend payout ratio (DPR) is 62.33%.

Several research firms recently weighed in on KMB. Macquarie raised Kimberly Clark from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $102.00 to $142.00 in a research note on Tuesday, April 23rd. Argus raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Tuesday, April 23rd. ValuEngine raised Kimberly Clark from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Citigroup raised their price objective on Kimberly Clark from $102.00 to $116.00 and gave the company a “sell” rating in a research note on Tuesday, April 23rd. Finally, Zacks Investment Research downgraded Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Four equities research 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’s stock. The company currently has an average rating of “Hold” and a consensus target price of $120.24.

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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.

Further Reading: Certificate of Deposit (CD)

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

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