Kimberly-Clark Corp. (KMB) Position Raised by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC increased its stake in shares of Kimberly-Clark Corp. (NYSE:KMB) by 15.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 142,170 shares of the company’s stock after buying an additional 19,145 shares during the period. Nisa Investment Advisors LLC’s holdings in Kimberly-Clark Corp. were worth $19,546,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC increased its position in Kimberly-Clark Corp. by 21.0% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,210 shares of the company’s stock valued at $163,000 after buying an additional 210 shares during the last quarter. Grassi Investment Management bought a new position in Kimberly-Clark Corp. during the second quarter valued at about $201,000. MAI Capital Management bought a new position in Kimberly-Clark Corp. during the second quarter valued at about $208,000. Compton Capital Management Inc. RI bought a new position in Kimberly-Clark Corp. during the first quarter valued at about $210,000. Finally, Parametrica Management Ltd bought a new position in Kimberly-Clark Corp. during the first quarter valued at about $214,000. 68.37% of the stock is currently owned by institutional investors and hedge funds.
Kimberly-Clark Corp. (NYSE:KMB) traded up 0.73% during midday trading on Friday, reaching $126.14. 1,920,039 shares of the company traded hands. Kimberly-Clark Corp. has a 12 month low of $109.82 and a 12 month high of $138.87. The firm has a market capitalization of $45.36 billion, a PE ratio of 23.39 and a beta of 0.35. The company’s 50-day moving average price is $126.32 and its 200 day moving average price is $130.51.
Kimberly-Clark Corp. (NYSE:KMB) last posted its quarterly earnings results on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.05. Kimberly-Clark Corp. had a net margin of 10.70% and a return on equity of 815.72%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the prior year, the company posted $1.41 EPS. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities analysts anticipate that Kimberly-Clark Corp. will post $6.08 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.92%. Kimberly-Clark Corp.’s dividend payout ratio (DPR) is presently 68.40%.
KMB has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a report on Tuesday, June 28th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $154.00 price target on shares of Kimberly-Clark Corp. in a research note on Monday, September 12th. Deutsche Bank AG reissued a “hold” rating and issued a $132.00 price target (up from $130.00) on shares of Kimberly-Clark Corp. in a research note on Sunday, July 24th. B. Riley reissued a “neutral” rating and issued a $124.00 price target on shares of Kimberly-Clark Corp. in a research note on Sunday, July 31st. Finally, Citigroup Inc. raised their price target on shares of Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $136.63.
In other news, Chairman Thomas J. Falk sold 206,445 shares of the company’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $133.40, for a total transaction of $27,539,763.00. Following the transaction, the chairman now directly owns 125,574 shares of the company’s stock, valued at approximately $16,751,571.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Thomas J. Mielke sold 11,946 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $127.37, for a total transaction of $1,521,562.02. Following the transaction, the senior vice president now directly owns 33,557 shares in the company, valued at $4,274,155.09. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.
Kimberly-Clark Corp. Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
Receive News & Stock Ratings for Kimberly-Clark Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corp. and related stocks with our FREE daily email newsletter.