State of New Jersey Common Pension Fund D raised its position in Kimberly Clark Corp (NYSE:KMB) by 3.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 528,000 shares of the company’s stock after purchasing an additional 20,000 shares during the period. State of New Jersey Common Pension Fund D owned 0.15% of Kimberly Clark worth $62,135,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Martin Investment Management LLC acquired a new position in shares of Kimberly Clark in the 2nd quarter worth approximately $443,000. Capital Research Global Investors lifted its position in shares of Kimberly Clark by 46.6% during the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after acquiring an additional 3,191,549 shares during the period. Pax World Management LLC lifted its position in shares of Kimberly Clark by 7.7% during the 2nd quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock valued at $359,000 after acquiring an additional 200 shares during the period. Boston Family Office LLC lifted its position in shares of Kimberly Clark by 0.8% during the 2nd quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock valued at $1,496,000 after acquiring an additional 90 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Kimberly Clark by 3.7% during the 1st quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock valued at $252,551,000 after acquiring an additional 68,776 shares during the period. Hedge funds and other institutional investors own 71.61% of the company’s stock.

Shares of Kimberly Clark Corp (NYSE KMB) opened at $118.51 on Friday. Kimberly Clark Corp has a one year low of $109.67 and a one year high of $136.21. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. The stock has a market cap of $41,686.72, a price-to-earnings ratio of 19.40, a PEG ratio of 3.08 and a beta of 0.76.

Kimberly Clark (NYSE:KMB) last posted its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the prior year, the business posted $1.52 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. research analysts expect that Kimberly Clark Corp will post 6.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.27%. Kimberly Clark’s payout ratio is 64.03%.

A number of research analysts recently issued reports on the stock. Deutsche Bank assumed coverage on shares of Kimberly Clark in a research report on Wednesday. They set a “hold” rating and a $121.00 target price on the stock. Citigroup downgraded shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a research report on Monday, December 11th. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Societe Generale upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and upped their price objective for the stock from $112.05 to $144.00 in a report on Thursday, November 2nd. Finally, Barclays restated a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $126.00.

ILLEGAL ACTIVITY NOTICE: “Kimberly Clark Corp (KMB) Stake Lifted by State of New Jersey Common Pension Fund D” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.watchlistnews.com/kimberly-clark-corp-kmb-stake-lifted-by-state-of-new-jersey-common-pension-fund-d/1769596.html.

Kimberly Clark Company Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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

Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.