Kimberly-Clark Co. (NYSE:KMB) Stock Position Increased by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its position in Kimberly-Clark Co. (NYSE:KMB) by 1,615.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 221,828 shares of the company’s stock after purchasing an additional 208,900 shares during the period. Public Sector Pension Investment Board owned approximately 0.07% of Kimberly-Clark worth $31,562,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. CX Institutional increased its stake in shares of Kimberly-Clark by 1.2% during the second quarter. CX Institutional now owns 5,968 shares of the company’s stock valued at $825,000 after acquiring an additional 71 shares during the period. Wesbanco Bank Inc. boosted its stake in Kimberly-Clark by 0.9% during the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after buying an additional 71 shares in the last quarter. My Legacy Advisors LLC grew its holdings in Kimberly-Clark by 4.6% during the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock worth $248,000 after acquiring an additional 76 shares during the period. Thompson Siegel & Walmsley LLC raised its position in Kimberly-Clark by 1.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock worth $759,000 after acquiring an additional 77 shares in the last quarter. Finally, Graypoint LLC boosted its position in shares of Kimberly-Clark by 1.5% during the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company’s stock valued at $756,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KMB shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Barclays boosted their target price on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. decreased their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. Finally, UBS Group cut their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Stock Performance

Shares of KMB opened at $139.20 on Thursday. The firm has a market cap of $46.42 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 2.92 and a beta of 0.40. The company’s fifty day moving average is $138.54 and its 200-day moving average is $139.21. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the prior year, the company posted $1.74 EPS. The firm’s revenue was down 3.5% on a year-over-year basis. Equities analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s payout ratio is 63.29%.

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.