Kimberly-Clark Corporation $KMB Holdings Raised by California State Teachers Retirement System

California State Teachers Retirement System increased its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 11,088.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 43,186,921 shares of the company’s stock after buying an additional 42,800,922 shares during the quarter. California State Teachers Retirement System owned about 0.13% of Kimberly-Clark worth $4,740,628,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Kimberly-Clark during the 2nd quarter valued at about $3,547,915,000. Wellington Management Group LLP lifted its stake in shares of Kimberly-Clark by 26,997.7% in the 4th quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock worth $743,399,000 after acquiring an additional 7,341,215 shares during the period. Thornburg Investment Management Inc. acquired a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $632,373,000. Norges Bank bought a new position in shares of Kimberly-Clark in the fourth quarter valued at approximately $521,184,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Kimberly-Clark in the second quarter valued at approximately $239,612,000. 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 debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The stock has a market capitalization of $32.83 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 4.30 and a beta of 0.25. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $130.83. The company has a 50 day moving average price of $109.34 and a 200 day moving average price of $103.55.

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

Kimberly-Clark Dividend Announcement

The business also recently announced 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 dividend yield of 5.2%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s payout ratio is presently 87.07%.

Analyst Ratings Changes

Several brokerages recently commented on KMB. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. Piper Sandler reiterated an “overweight” rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th. Barclays boosted their price objective on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. UBS Group raised their target price on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. One 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $117.93.

Kimberly-Clark Company 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.