Kimberly-Clark Corporation $KMB Shares Bought by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Kimberly-Clark stake by 11,088.4% in the second quarter, acquiring 42.8 million additional shares and bringing its ownership to approximately 12.99%, valued at $4.74 billion.
• Kimberly-Clark shares opened at $98.70, down 4.1%, after the company reported quarterly EPS of $1.80, below the $2.01 analyst consensus, while revenue of $4.19 billion also fell slightly short of estimates.
• The company declared a quarterly dividend of $1.28, equal to $5.12 annually and a 5.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $117.93.

California State Teachers Retirement System grew its stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 11,088.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,186,921 shares of the company's stock after purchasing an additional 42,800,922 shares during the quarter. California State Teachers Retirement System owned approximately 12.99% of Kimberly-Clark worth $4,740,628,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Ally Financial Inc. bought a new stake in Kimberly-Clark during the fourth quarter valued at $1,009,000. Legal & General Group Plc bought a new position in shares of Kimberly-Clark in the 2nd quarter worth about $223,668,000. Westpac Banking Corp lifted its position in shares of Kimberly-Clark by 25.0% in the 4th quarter. Westpac Banking Corp now owns 54,135 shares of the company's stock worth $5,462,000 after buying an additional 10,811 shares during the last quarter. Oddo BHF Asset Management Sas boosted its holdings in shares of Kimberly-Clark by 29.6% in the 4th quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company's stock valued at $6,234,000 after buying an additional 14,115 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $1,047,000. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Trading Down 4.1%

Shares of NASDAQ:KMB opened at $98.70 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. The company's 50-day moving average price is $109.34 and its 200 day moving average price is $103.55. The company has a market cap of $32.83 billion, a PE ratio of 16.79, a P/E/G ratio of 4.30 and a beta of 0.25. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $130.83.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter last year, the company posted $1.92 EPS. Kimberly-Clark's revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark's dividend payout ratio is 87.07%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KMB. Weiss Ratings upgraded shares of Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. UBS Group upped their target price on Kimberly-Clark from $115.00 to $116.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Seaport Research Partners upgraded Kimberly-Clark to a "buy" rating in a research report on Tuesday, August 4th. Barclays raised their price target on Kimberly-Clark from $101.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. Finally, TD Cowen boosted their price objective on Kimberly-Clark from $96.00 to $104.00 and gave the company a "hold" rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $117.93.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a global manufacturer of personal care and consumer tissue products. The company develops and markets products designed to support personal hygiene, health and well-being in households, healthcare settings and workplaces.

Its portfolio includes well-known brands such as Huggies diapers and training pants, Kleenex facial tissues, Cottonelle toilet paper and wipes, Scott toilet paper and paper towels, Kotex feminine care products, and Depend and Poise incontinence care products.

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