National Pension Service Has $75.92 Million Stock Position in Kimberly-Clark Corporation $KMB

National Pension Service boosted its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 10.1% in the second quarter, HoldingsChannel reports. The firm owned 691,606 shares of the company’s stock after purchasing an additional 63,399 shares during the period. National Pension Service’s holdings in Kimberly-Clark were worth $75,918,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its position in shares of Kimberly-Clark by 11,088.4% during the 2nd quarter. California State Teachers Retirement System now owns 43,186,921 shares of the company’s stock worth $4,740,628,000 after buying an additional 42,800,922 shares during the period. BlackRock Inc. acquired a new position in shares of Kimberly-Clark during the 2nd quarter valued at $3,547,915,000. State Street Corp boosted its stake in Kimberly-Clark by 1.4% during the fourth quarter. State Street Corp now owns 21,125,118 shares of the company’s stock worth $2,157,746,000 after acquiring an additional 294,228 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Kimberly-Clark by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock worth $1,202,322,000 after acquiring an additional 299,382 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Kimberly-Clark by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock worth $836,216,000 after purchasing an additional 65,619 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 0.3%

Shares of NASDAQ KMB opened at $98.15 on Friday. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The company has a 50-day moving average price of $108.69 and a 200-day moving average price of $103.44. The stock has a market capitalization of $32.64 billion, a P/E ratio of 16.69, a P/E/G ratio of 4.12 and a beta of 0.25. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $129.87.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the prior year, the company earned $1.92 EPS. The company’s revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that Kimberly-Clark Corporation will post 7.42 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s payout ratio is currently 87.07%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Piper Sandler dropped their price objective on shares of Kimberly-Clark from $121.00 to $118.00 and set an “overweight” rating on the stock in a report on Friday. Wells Fargo & Company decreased their target price on Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating for the company in a research report on Thursday. Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Barclays increased their price target on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Finally, TD Cowen boosted their price objective on Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $117.36.

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.