Teacher Retirement System of Texas Has $56 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Teacher Retirement System of Texas raised its stake in Kimberly-Clark Co. (NYSE:KMB) by 46.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,374 shares of the company’s stock after buying an additional 136,516 shares during the period. Teacher Retirement System of Texas owned 0.13% of Kimberly-Clark worth $56,003,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kimberly-Clark in the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the third quarter valued at approximately $29,000. Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at approximately $32,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB stock opened at $139.05 on Friday. Kimberly-Clark Co. has a 12-month low of $123.02 and a 12-month high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The firm has a market cap of $46.12 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 4.46 and a beta of 0.36. The company’s fifty day simple moving average is $134.56 and its 200 day simple moving average is $136.38.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a $1.26 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.62%. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s payout ratio is 66.75%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KMB shares. Piper Sandler reiterated an “overweight” rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Citigroup cut their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Barclays cut their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. UBS Group lifted their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $143.64.

Kimberly-Clark Company Profile

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.