Public Employees Retirement System of Ohio Has $21.59 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Public Employees Retirement System of Ohio lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 0.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 151,746 shares of the company’s stock after selling 800 shares during the period. Public Employees Retirement System of Ohio’s holdings in Kimberly-Clark were worth $21,590,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth $26,000. New Millennium Group LLC bought a new position in shares of Kimberly-Clark during the 2nd quarter valued at approximately $28,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark during the third quarter worth about $29,000. Strategic Financial Concepts LLC purchased a new position in shares of Kimberly-Clark in the second quarter valued at $32,000. Finally, DiNuzzo Private Wealth Inc. increased its holdings in Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after acquiring an additional 202 shares during the period. 76.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. UBS Group reduced their target price on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Finally, Barclays increased their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $149.93.

Insider Activity

In other news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Up 0.1 %

NYSE:KMB opened at $133.11 on Wednesday. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. The company has a market capitalization of $44.39 billion, a PE ratio of 17.26, a P/E/G ratio of 2.83 and a beta of 0.40. The firm’s 50-day moving average price is $137.86 and its 200-day moving average price is $139.42. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter last year, the firm earned $1.74 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.67%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

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.