Texas Permanent School Fund Corp Has $3.01 Million Position in Kimberly-Clark Corporation $KMB

Texas Permanent School Fund Corp cut its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 46.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,323 shares of the company’s stock after selling 19,848 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Kimberly-Clark were worth $3,007,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Investment Research & Advisory Group Inc. bought a new position in Kimberly-Clark in the second quarter valued at approximately $25,000. Princeton Global Asset Management LLC raised its holdings in shares of Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after acquiring an additional 188 shares during the period. Winnow Wealth LLC bought a new stake in Kimberly-Clark in the 2nd quarter valued at $27,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark in the 2nd quarter worth $27,000. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in Kimberly-Clark by 105.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after purchasing an additional 127 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 0.8%

NASDAQ:KMB opened at $100.65 on Friday. Kimberly-Clark Corporation has a twelve month low of $99.22 and a twelve month high of $150.45. The firm has a market capitalization of $33.40 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 3.80 and a beta of 0.25. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.41. The stock’s 50 day moving average price is $108.66 and its two-hundred day moving average price is $121.97.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.37. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The firm’s revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $1.83 earnings per share. Equities research analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be paid a dividend of $1.26 per share. The ex-dividend date is Friday, December 5th. This represents a $5.04 annualized dividend and a dividend yield of 5.0%. Kimberly-Clark’s payout ratio is currently 85.28%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KMB shares. UBS Group upped their price objective on Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Thursday, November 13th. Cowen reaffirmed a “hold” rating on shares of Kimberly-Clark in a research note on Tuesday, November 4th. Morgan Stanley cut their price objective on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada reaffirmed an “overweight” rating and issued a $162.00 target price on shares of Kimberly-Clark in a research report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $124.62.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.