Teacher Retirement System of Texas Buys 6,037 Shares of Kimberly-Clark Co. (NYSE:KMB)

Teacher Retirement System of Texas increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,422 shares of the company's stock after acquiring an additional 6,037 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Kimberly-Clark worth $24,839,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC raised its position in shares of Kimberly-Clark by 204.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company's stock valued at $2,500,000 after buying an additional 13,806 shares during the last quarter. PFG Investments LLC lifted its position in shares of Kimberly-Clark by 11.2% in the 3rd quarter. PFG Investments LLC now owns 2,082 shares of the company's stock worth $252,000 after acquiring an additional 209 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in shares of Kimberly-Clark during the 4th quarter worth approximately $4,253,000. Rockline Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $1,661,000. Finally, Nordea Investment Management AB raised its stake in shares of Kimberly-Clark by 28.3% in the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company's stock valued at $202,740,000 after purchasing an additional 368,505 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kimberly-Clark

In related news, insider Doug Cunningham sold 3,833 shares of the business's stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $136.82, for a total transaction of $524,431.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Doug Cunningham sold 3,833 shares of the firm's stock in a transaction on Friday, May 10th. The stock was sold at an average price of $136.82, for a total value of $524,431.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paula Ramos sold 10,178 shares of the company's stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares of the company's stock, valued at approximately $109,050.15. The disclosure for this sale can be found here. Insiders have sold a total of 24,395 shares of company stock worth $3,332,776 over the last 90 days. Insiders own 0.62% of the company's stock.

Kimberly-Clark Price Performance

NYSE KMB traded up $0.01 on Friday, hitting $136.67. 1,048,871 shares of the company were exchanged, compared to its average volume of 2,619,744. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The company has a market cap of $46.02 billion, a P/E ratio of 25.12, a P/E/G ratio of 3.89 and a beta of 0.38. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $145.29. The firm has a 50 day moving average of $128.95 and a two-hundred day moving average of $123.90.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The business had revenue of $5.15 billion for the quarter, compared to analysts' expectations of $5.08 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. Kimberly-Clark's revenue was down .9% compared to the same quarter last year. On average, equities analysts predict that Kimberly-Clark Co. will post 7.01 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark's dividend payout ratio (DPR) is presently 89.71%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Bank of America lifted their price target on shares of Kimberly-Clark from $110.00 to $115.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 24th. Royal Bank of Canada increased their price target on shares of Kimberly-Clark from $123.00 to $126.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $127.00 to $132.00 and gave the company a "hold" rating in a report on Thursday, March 28th. Evercore ISI raised Kimberly-Clark from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $133.00 to $150.00 in a report on Thursday, March 28th. Finally, Wells Fargo & Company upped their price target on Kimberly-Clark from $131.00 to $136.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of "Hold" and a consensus price target of $134.85.

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.