Kimberly-Clark Corporation $KMB Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 7.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 132,101 shares of the company’s stock after selling 11,137 shares during the period. Illinois Municipal Retirement Fund’s holdings in Kimberly-Clark were worth $12,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Mystic Asset Management Inc. lifted its holdings in shares of Kimberly-Clark by 0.5% during the 3rd quarter. Mystic Asset Management Inc. now owns 20,354 shares of the company’s stock worth $1,983,000 after acquiring an additional 109 shares during the period. Assetmark Inc. increased its stake in Kimberly-Clark by 0.6% in the first quarter. Assetmark Inc. now owns 20,216 shares of the company’s stock valued at $1,950,000 after acquiring an additional 121 shares during the period. Annex Advisory Services LLC increased its stake in Kimberly-Clark by 2.0% in the third quarter. Annex Advisory Services LLC now owns 6,533 shares of the company’s stock valued at $637,000 after acquiring an additional 125 shares during the period. Modera Wealth Management LLC increased its stake in Kimberly-Clark by 3.9% in the third quarter. Modera Wealth Management LLC now owns 3,414 shares of the company’s stock valued at $333,000 after acquiring an additional 129 shares during the period. Finally, Pension & Wealth Management Advisors Inc. raised its position in Kimberly-Clark by 37.5% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 517 shares of the company’s stock worth $50,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on KMB shares. BNP Paribas Exane raised their price target on shares of Kimberly-Clark from $110.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimberly-Clark in a report on Monday, October 26th. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. DA Davidson increased their target price on Kimberly-Clark from $106.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Canaccord Genuity Group started coverage on Kimberly-Clark in a research report on Friday, October 23rd. They set a “hold” rating and a $105.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $113.20.

Kimberly-Clark Stock Down 1.7%

Shares of NASDAQ:KMB opened at $108.86 on Thursday. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $116.82. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.89. The company’s fifty day moving average is $102.72 and its 200-day moving average is $103.36. The company has a market capitalization of $36.21 billion, a PE ratio of 15.11, a P/E/G ratio of 5.78 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Thursday, November 5th. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. Kimberly-Clark had a net margin of 19.93% and a return on equity of 114.93%. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same quarter last year, the company posted $1.82 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts predict that Kimberly-Clark Corporation will post 7.40 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Friday, December 4th will be paid a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, December 4th. Kimberly-Clark’s dividend payout ratio is currently 51.66%.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a global consumer products company that develops and sells personal care, tissue and hygiene products. Its offerings include diapers and training pants, feminine care and adult incontinence products, facial and bathroom tissues, paper towels and wipes. The company’s portfolio includes brands such as Huggies, Kleenex, Scott, Cottonelle, Depend, Poise and Kotex. Kimberly-Clark also provides products for businesses and institutions, including workplace and professional-use tissue and hygiene products.