Kimberly Clark Corp (KMB) Holdings Increased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 260,062 shares of the company’s stock after purchasing an additional 1,454 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.07% of Kimberly Clark worth $33,577,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KMB. Heritage Trust Co boosted its stake in shares of Kimberly Clark by 11.2% in the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after buying an additional 100 shares during the last quarter. Sterling Investment Advisors Ltd. raised its holdings in Kimberly Clark by 63.8% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares during the period. Armbruster Capital Management Inc. raised its holdings in Kimberly Clark by 15.9% in the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after purchasing an additional 143 shares during the period. Mosaic Family Wealth LLC raised its holdings in Kimberly Clark by 0.5% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after purchasing an additional 6 shares during the period. Finally, Acrospire Investment Management LLC raised its holdings in Kimberly Clark by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $155,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 71.61% of the company’s stock.

Shares of Kimberly Clark Corp (NYSE KMB) traded down $1.43 during trading on Friday, hitting $119.76. 1,953,600 shares of the company’s stock were exchanged, compared to its average volume of 1,817,584. The firm has a market capitalization of $42,130.00, a P/E ratio of 19.99, a P/E/G ratio of 3.18 and a beta of 0.76. Kimberly Clark Corp has a 1-year low of $109.67 and a 1-year high of $136.21. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Monday, October 23rd. The company reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. Kimberly Clark’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 EPS. sell-side analysts expect that Kimberly Clark Corp will post 6.2 earnings per share for the current fiscal year.

The company also recently declared 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 is Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.24%. Kimberly Clark’s dividend payout ratio (DPR) is 64.03%.

A number of brokerages have recently weighed in on KMB. Bank of America cut their price objective on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Royal Bank Of Canada restated a “hold” rating and set a $121.00 price objective on shares of Kimberly Clark in a research report on Friday, October 13th. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. J P Morgan Chase & Co lowered Kimberly Clark from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $115.55 to $100.00 in a research report on Friday, October 20th. Finally, Citigroup dropped their price target on Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating for the company in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $127.14.

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About Kimberly Clark

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)

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