Kimberly-Clark Corporation $KMB Shares Sold by Railway Pension Investments Ltd

Railway Pension Investments Ltd lessened its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 8.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 226,401 shares of the company’s stock after selling 20,600 shares during the quarter. Railway Pension Investments Ltd owned approximately 0.07% of Kimberly-Clark worth $29,188,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Strs Ohio acquired a new position in Kimberly-Clark during the 1st quarter worth $12,854,000. Franklin Resources Inc. raised its stake in shares of Kimberly-Clark by 3.4% during the second quarter. Franklin Resources Inc. now owns 591,145 shares of the company’s stock valued at $76,234,000 after purchasing an additional 19,298 shares in the last quarter. Citigroup Inc. raised its stake in shares of Kimberly-Clark by 86.8% during the first quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock valued at $72,473,000 after purchasing an additional 236,733 shares in the last quarter. Zions Bancorporation National Association UT lifted its holdings in Kimberly-Clark by 5,204.3% in the second quarter. Zions Bancorporation National Association UT now owns 32,091 shares of the company’s stock worth $4,137,000 after purchasing an additional 31,486 shares during the period. Finally, Prudential Financial Inc. grew its position in Kimberly-Clark by 22.4% in the 2nd quarter. Prudential Financial Inc. now owns 444,426 shares of the company’s stock valued at $57,295,000 after buying an additional 81,339 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Trading Up 0.8%

NASDAQ:KMB opened at $109.16 on Friday. The company’s 50 day moving average is $114.22 and its 200-day moving average is $125.74. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61. Kimberly-Clark Corporation has a 12 month low of $99.22 and a 12 month high of $150.45. The firm has a market cap of $36.23 billion, a price-to-earnings ratio of 15.04, a P/E/G ratio of 3.67 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period last year, the business posted $1.83 EPS. Kimberly-Clark’s revenue was up .1% compared to the same quarter last year. Equities analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.6%. Kimberly-Clark’s payout ratio is 85.28%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KMB. Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Kimberly-Clark in a report on Tuesday. Evercore ISI reaffirmed an “in-line” rating and set a $120.00 price target (down from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. Citigroup lowered their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research note on Thursday, October 9th. Finally, Piper Sandler decreased their target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $128.91.

About Kimberly-Clark

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.