New York State Common Retirement Fund Sells 48,018 Shares of Kimberly-Clark Co. (NYSE:KMB)

New York State Common Retirement Fund decreased its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 11.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 355,084 shares of the company's stock after selling 48,018 shares during the period. New York State Common Retirement Fund owned 0.11% of Kimberly-Clark worth $50,500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in Kimberly-Clark by 1.7% during the first quarter. Arizona State Retirement System now owns 97,868 shares of the company's stock valued at $13,919,000 after buying an additional 1,679 shares during the last quarter. Ballentine Partners LLC boosted its stake in Kimberly-Clark by 4.4% during the first quarter. Ballentine Partners LLC now owns 19,864 shares of the company's stock valued at $2,825,000 after buying an additional 837 shares during the last quarter. SkyOak Wealth LLC bought a new position in Kimberly-Clark during the first quarter valued at approximately $244,000. Fidelis Capital Partners LLC boosted its stake in Kimberly-Clark by 5.7% during the first quarter. Fidelis Capital Partners LLC now owns 1,729 shares of the company's stock valued at $228,000 after buying an additional 93 shares during the last quarter. Finally, Genus Capital Management Inc. boosted its stake in Kimberly-Clark by 329.0% during the first quarter. Genus Capital Management Inc. now owns 61,968 shares of the company's stock valued at $8,813,000 after buying an additional 89,031 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Evercore ISI dropped their price target on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Royal Bank Of Canada decreased their price objective on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Piper Sandler decreased their price objective on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $143.50.

Kimberly-Clark Trading Down 1.9%

KMB opened at $129.38 on Monday. The stock's fifty day moving average is $134.33 and its two-hundred day moving average is $134.74. The company has a market capitalization of $42.93 billion, a P/E ratio of 17.14, a PEG ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week 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.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter last year, the firm earned $2.01 EPS. Analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were given a $1.26 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.90%. Kimberly-Clark's payout ratio is 68.66%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Katy Chen sold 740 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the sale, the insider owned 3,997 shares of the company's stock, valued at $518,410.90. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is owned by insiders.

Kimberly-Clark 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.

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