VIRGINIA RETIREMENT SYSTEMS ET Al Sells 139,600 Shares of Kimberly-Clark Corporation $KMB

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 19.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 567,700 shares of the company’s stock after selling 139,600 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.17% of Kimberly-Clark worth $70,588,000 at the end of the most recent quarter.

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

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $101.57 on Wednesday. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77. Kimberly-Clark Corporation has a 52 week low of $99.22 and a 52 week high of $150.45. The company’s 50 day moving average price is $105.94 and its two-hundred day moving average price is $120.13. The company has a market capitalization of $33.71 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 4.39 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the firm earned $1.83 earnings per share. The firm’s revenue was up .1% compared to the same quarter last year. On average, analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group upped their price target on Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Piper Sandler decreased their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Evercore ISI reaffirmed an “in-line” rating and issued a $120.00 target price (down previously from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. JPMorgan Chase & Co. lifted their price target on shares of Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, BNP Paribas reissued a “neutral” rating and issued a $110.00 price target on shares of Kimberly-Clark in a report on Monday, December 1st. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target 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.