Retirement Systems of Alabama Sells 213,808 Shares of Kimberly-Clark Corporation $KMB

Retirement Systems of Alabama lessened its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 75.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,201 shares of the company’s stock after selling 213,808 shares during the quarter. Retirement Systems of Alabama’s holdings in Kimberly-Clark were worth $9,179,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Assetmark Inc. raised its position in Kimberly-Clark by 355.1% during the second quarter. Assetmark Inc. now owns 15,581 shares of the company’s stock valued at $2,009,000 after acquiring an additional 12,157 shares in the last quarter. HBK Sorce Advisory LLC raised its position in Kimberly-Clark by 5.3% during the second quarter. HBK Sorce Advisory LLC now owns 6,531 shares of the company’s stock valued at $842,000 after acquiring an additional 328 shares in the last quarter. Hantz Financial Services Inc. bought a new position in Kimberly-Clark during the second quarter valued at approximately $60,000. Arkadios Wealth Advisors grew its holdings in Kimberly-Clark by 23.0% during the second quarter. Arkadios Wealth Advisors now owns 12,042 shares of the company’s stock valued at $1,552,000 after purchasing an additional 2,252 shares during the last quarter. Finally, World Investment Advisors grew its holdings in Kimberly-Clark by 20.6% during the second quarter. World Investment Advisors now owns 7,107 shares of the company’s stock valued at $916,000 after purchasing an additional 1,214 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KMB. Piper Sandler lowered their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. TD Cowen lowered their price target on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Friday. JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a report on Friday. UBS Group increased their price target on Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Friday. Finally, Wells Fargo & Company lowered their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average target price of $135.78.

Kimberly-Clark Trading Down 0.4%

Shares of Kimberly-Clark stock opened at $119.71 on Monday. The company’s fifty day simple moving average is $123.92 and its 200-day simple moving average is $129.91. The company has a market cap of $39.72 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 3.67 and a beta of 0.30. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.61. Kimberly-Clark Corporation has a 1 year low of $116.26 and a 1 year high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.37. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. Kimberly-Clark’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company posted $1.83 earnings per share. As a group, sell-side analysts expect that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

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.