Retirement Systems of Alabama Sells 3,365 Shares of Kimberly-Clark Co. (NYSE:KMB)

Retirement Systems of Alabama lessened its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 285,009 shares of the company's stock after selling 3,365 shares during the quarter. Retirement Systems of Alabama owned 0.09% of Kimberly-Clark worth $40,534,000 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 stock. Brighton Jones LLC raised its position in Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock valued at $851,000 after acquiring an additional 2,765 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at $33,000. Venturi Wealth Management LLC lifted its stake in shares of Kimberly-Clark by 16.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,410 shares of the company's stock valued at $185,000 after purchasing an additional 200 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in Kimberly-Clark in the fourth quarter worth $51,000. Finally, Private Advisor Group LLC boosted its holdings in Kimberly-Clark by 1.2% in the fourth quarter. Private Advisor Group LLC now owns 37,632 shares of the company's stock worth $4,931,000 after purchasing an additional 457 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Price Performance

KMB stock traded up $0.33 during midday trading on Friday, reaching $128.29. 5,306,945 shares of the company's stock traded hands, compared to its average volume of 2,193,239. The company has a 50-day simple moving average of $135.96 and a two-hundred day simple moving average of $134.91. 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 Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The company has a market cap of $42.57 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 4.46 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same quarter last year, the business posted $2.01 earnings per share. On average, analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.93%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's payout ratio is presently 68.66%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total transaction of $234,547.56. Following the completion of the transaction, the insider now owns 3,098 shares of the company's stock, valued at $405,032.52. This represents a 36.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KMB. UBS Group boosted their price target on Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Wells Fargo & Company boosted their target price on Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, March 28th. Piper Sandler decreased their target price on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research report on Friday, April 11th. Finally, Barclays decreased their price objective on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of "Hold" and an average price target of $143.73.

About Kimberly-Clark

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.