Kimberly-Clark Corporation $KMB Stock Position Decreased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 7.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 132,101 shares of the company’s stock after selling 11,137 shares during the period. Illinois Municipal Retirement Fund’s holdings in Kimberly-Clark were worth $12,871,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mystic Asset Management Inc. lifted its position in Kimberly-Clark by 0.5% during the 3rd quarter. Mystic Asset Management Inc. now owns 20,354 shares of the company’s stock worth $1,983,000 after acquiring an additional 109 shares during the last quarter. Assetmark Inc. grew its position in shares of Kimberly-Clark by 0.6% in the first quarter. Assetmark Inc. now owns 20,216 shares of the company’s stock valued at $1,950,000 after purchasing an additional 121 shares during the last quarter. Annex Advisory Services LLC grew its position in shares of Kimberly-Clark by 2.0% in the third quarter. Annex Advisory Services LLC now owns 6,533 shares of the company’s stock valued at $637,000 after purchasing an additional 125 shares during the last quarter. Modera Wealth Management LLC grew its position in shares of Kimberly-Clark by 3.9% in the third quarter. Modera Wealth Management LLC now owns 3,414 shares of the company’s stock valued at $333,000 after purchasing an additional 129 shares during the last quarter. Finally, Pension & Wealth Management Advisors Inc. increased its stake in shares of Kimberly-Clark by 37.5% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 517 shares of the company’s stock worth $50,000 after purchasing an additional 141 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $108.86 on Thursday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.89 and a quick ratio of 0.65. The firm has a market capitalization of $36.21 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 5.78 and a beta of 0.25. The company’s fifty day moving average is $102.72 and its two-hundred day moving average is $103.36. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $116.82.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Kimberly-Clark had a net margin of 19.93% and a return on equity of 114.93%. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the prior year, the business earned $1.82 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts forecast that Kimberly-Clark Corporation will post 7.40 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Friday, December 4th will be issued a $1.28 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio is 51.66%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KMB shares. Bank of America cut their price objective on Kimberly-Clark from $122.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, September 25th. DA Davidson raised their target price on Kimberly-Clark from $106.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Canaccord Genuity Group began coverage on Kimberly-Clark in a report on Friday, October 23rd. They issued a “hold” rating and a $105.00 target price on the stock. Piper Sandler lifted their price target on Kimberly-Clark from $118.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, November 6th. Finally, BNP Paribas Exane upped their price target on Kimberly-Clark from $110.00 to $112.00 and gave the stock a “neutral” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $113.20.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a global consumer products company that develops and sells personal care, tissue and hygiene products. Its offerings include diapers and training pants, feminine care and adult incontinence products, facial and bathroom tissues, paper towels and wipes. The company’s portfolio includes brands such as Huggies, Kleenex, Scott, Cottonelle, Depend, Poise and Kotex. Kimberly-Clark also provides products for businesses and institutions, including workplace and professional-use tissue and hygiene products.