Kimberly-Clark Corporation (KMB) Shares Bought by State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D increased its position in Kimberly-Clark Corporation (NYSE:KMB) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 508,000 shares of the company’s stock after purchasing an additional 20,000 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.14% of Kimberly-Clark Corporation worth $65,587,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in KMB. Tortoise Investment Management LLC grew its stake in Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after purchasing an additional 34 shares in the last quarter. Acrospire Investment Management LLC grew its stake in Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after purchasing an additional 500 shares in the last quarter. Armbruster Capital Management Inc. grew its stake in Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after purchasing an additional 250 shares in the last quarter. Heritage Trust Co bought a new position in Kimberly-Clark Corporation in the first quarter worth approximately $118,000. Finally, V Wealth Management LLC bought a new position in Kimberly-Clark Corporation in the second quarter worth approximately $123,000. 70.09% of the stock is currently owned by institutional investors.
In other news, Director Robert W. Decherd bought 1,500 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the purchase, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.56% of the company’s stock.
Shares of Kimberly-Clark Corporation (KMB) opened at 117.68 on Friday. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.21. The stock has a 50 day moving average price of $121.49 and a 200-day moving average price of $127.61. The firm has a market cap of $41.58 billion, a PE ratio of 19.65 and a beta of 0.78.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the prior year, the company earned $1.53 earnings per share. The company’s revenue was down .7% on a year-over-year basis. On average, equities analysts anticipate that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a dividend of $0.97 per share. The ex-dividend date is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.30%. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.
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Several research analysts recently issued reports on KMB shares. BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. Citigroup Inc. set a $132.00 price objective on Kimberly-Clark Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Jefferies Group LLC reaffirmed a “hold” rating and set a $122.00 target price (down previously from $133.00) on shares of Kimberly-Clark Corporation in a research report on Thursday, July 6th. Finally, Berenberg Bank initiated coverage on Kimberly-Clark Corporation in a research report on Friday, June 9th. They set a “hold” rating and a $136.00 target price on the stock. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company. Kimberly-Clark Corporation currently has a consensus rating of “Hold” and an average target price of $132.07.
About Kimberly-Clark Corporation
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.
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