Kimberly-Clark Co. (NYSE:KMB) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 11.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,883 shares of the company’s stock after selling 7,855 shares during the period. State of Alaska Department of Revenue’s holdings in Kimberly-Clark were worth $7,745,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KMB. Norges Bank bought a new position in Kimberly-Clark in the 4th quarter valued at about $437,420,000. American Century Companies Inc. lifted its position in shares of Kimberly-Clark by 14.7% in the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after purchasing an additional 641,187 shares in the last quarter. Royal Bank of Canada raised its position in Kimberly-Clark by 31.4% during the third quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock valued at $265,530,000 after acquiring an additional 524,632 shares in the last quarter. Capital World Investors raised its position in Kimberly-Clark by 23.8% during the fourth quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock valued at $234,114,000 after acquiring an additional 370,094 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Kimberly-Clark by 28.3% in the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock valued at $202,740,000 after purchasing an additional 368,505 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of analyst reports. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $133.00 to $150.00 in a report on Thursday, March 28th. JPMorgan Chase & Co. lifted their price objective on Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a report on Wednesday, April 24th. Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $115.00 to $160.00 in a report on Thursday, June 13th. UBS Group lifted their price target on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $141.64.

Kimberly-Clark Price Performance

Kimberly-Clark stock traded down $0.53 during midday trading on Wednesday, reaching $137.46. The company’s stock had a trading volume of 736,897 shares, compared to its average volume of 2,148,150. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $142.20. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The business has a 50-day moving average price of $136.08 and a 200-day moving average price of $127.81. The stock has a market cap of $46.28 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 3.11 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 earnings per share. On average, sell-side analysts predict that Kimberly-Clark Co. will post 7.06 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Friday, June 7th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, June 7th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total value of $342,075.00. Following the transaction, the vice president now directly owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the sale, the vice president now owns 8,053 shares in the company, valued at $1,101,891.99. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Doug Cunningham sold 3,833 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $136.82, for a total value of $524,431.06. The disclosure for this sale can be found here. Insiders have sold a total of 24,395 shares of company stock valued at $3,332,776 over the last ninety days. 0.62% of the stock is owned by company insiders.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.