Nisa Investment Advisors LLC boosted its stake in Kimberly-Clark Corporation (NYSE:KMB) by 5.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,536 shares of the company’s stock after buying an additional 8,201 shares during the period. Nisa Investment Advisors LLC’s holdings in Kimberly-Clark Corporation were worth $21,253,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Winch Advisory Services LLC raised its stake in Kimberly-Clark Corporation by 0.6% in the first quarter. Winch Advisory Services LLC now owns 1,396 shares of the company’s stock valued at $184,000 after buying an additional 8 shares in the last quarter. Alpha Windward LLC raised its stake in Kimberly-Clark Corporation by 0.4% in the first quarter. Alpha Windward LLC now owns 2,371 shares of the company’s stock valued at $312,000 after buying an additional 10 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in Kimberly-Clark Corporation by 0.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 2,450 shares of the company’s stock valued at $280,000 after buying an additional 14 shares in the last quarter. Genesee Valley Trust Co. raised its stake in Kimberly-Clark Corporation by 0.6% in the first quarter. Genesee Valley Trust Co. now owns 2,545 shares of the company’s stock valued at $335,000 after buying an additional 15 shares in the last quarter. Finally, Kistler Tiffany Companies LLC raised its stake in Kimberly-Clark Corporation by 0.5% in the first quarter. Kistler Tiffany Companies LLC now owns 2,909 shares of the company’s stock valued at $383,000 after buying an additional 15 shares in the last quarter. 70.62% of the stock is owned by institutional investors.
Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 120.64 on Friday. The company has a market cap of $42.62 billion, a PE ratio of 20.14 and a beta of 0.76. The firm’s 50-day moving average price is $125.09 and its 200 day moving average price is $128.50. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the business earned $1.53 EPS. Equities research analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
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Several equities analysts have recently commented on the company. Jefferies Group LLC assumed coverage on Kimberly-Clark Corporation in a research report on Tuesday, April 18th. They issued a “hold” rating and a $134.00 price objective on the stock. Vetr downgraded Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and set a $139.00 price objective on the stock. in a research report on Tuesday, April 18th. B. Riley restated a “neutral” rating and issued a $128.00 price objective on shares of Kimberly-Clark Corporation in a research report on Sunday, April 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a research report on Tuesday, April 25th. Finally, TheStreet upgraded Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research report on Wednesday, April 26th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $133.07.
In other news, insider Sergio Cruz sold 7,078 shares of Kimberly-Clark Corporation stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total value of $920,210.78. Following the completion of the transaction, the insider now directly owns 4,910 shares of the company’s stock, valued at approximately $638,349.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Decherd purchased 1,500 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average cost of $122.21 per share, with a total value of $183,315.00. Following the completion of the acquisition, the director now directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.
Kimberly-Clark Corporation 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’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. 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.
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