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

State of Alaska Department of Revenue boosted its position in Kimberly-Clark Co. (NYSE:KMBGet Rating) by 6.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,001 shares of the company’s stock after buying an additional 4,285 shares during the quarter. State of Alaska Department of Revenue’s holdings in Kimberly-Clark were worth $9,189,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Kimberly-Clark by 5.7% in the 1st quarter. BlackRock Inc. now owns 27,386,495 shares of the company’s stock valued at $3,372,921,000 after purchasing an additional 1,481,780 shares in the last quarter. State Street Corp raised its stake in shares of Kimberly-Clark by 1.1% in the 1st quarter. State Street Corp now owns 18,052,213 shares of the company’s stock valued at $2,243,722,000 after purchasing an additional 194,143 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Kimberly-Clark by 9.5% in the 1st quarter. Capital Research Global Investors now owns 12,228,266 shares of the company’s stock valued at $1,506,033,000 after purchasing an additional 1,056,127 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Kimberly-Clark by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 5,605,887 shares of the company’s stock valued at $799,062,000 after purchasing an additional 122,005 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Kimberly-Clark by 7.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,445,588 shares of the company’s stock valued at $670,678,000 after purchasing an additional 397,337 shares in the last quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.

Kimberly-Clark Price Performance

NYSE KMB opened at $122.02 on Monday. Kimberly-Clark Co. has a 52 week low of $117.32 and a 52 week high of $145.79. The company has a current ratio of 0.79, a quick ratio of 0.47 and a debt-to-equity ratio of 10.37. The stock has a market cap of $41.20 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 4.22 and a beta of 0.31. The company has a 50-day moving average price of $131.66 and a two-hundred day moving average price of $130.36.

Kimberly-Clark (NYSE:KMBGet Rating) last posted its earnings results on Tuesday, July 26th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.01). Kimberly-Clark had a return on equity of 249.60% and a net margin of 8.87%. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the company posted $1.47 EPS. Kimberly-Clark’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts forecast that Kimberly-Clark Co. will post 5.64 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 3.80%. The ex-dividend date is Thursday, September 8th. Kimberly-Clark’s dividend payout ratio (DPR) is 87.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Friday, July 22nd. Barclays cut their target price on shares of Kimberly-Clark from $129.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Monday, May 23rd. UBS Group upped their target price on shares of Kimberly-Clark from $136.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Finally, Bank of America began coverage on shares of Kimberly-Clark in a research note on Wednesday, September 14th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $131.15.

About Kimberly-Clark

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

Further Reading

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

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