Nisa Investment Advisors LLC Trims Position in Kimberly-Clark Co. (NYSE:KMB)

Nisa Investment Advisors LLC decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 2.3% in the second quarter, HoldingsChannel.com reports. The fund owned 90,187 shares of the company’s stock after selling 2,081 shares during the period. Nisa Investment Advisors LLC’s holdings in Kimberly-Clark were worth $12,569,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Rise Advisors LLC boosted its position in shares of Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares in the last quarter. Accordant Advisory Group Inc bought a new stake in shares of Kimberly-Clark during the 1st quarter valued at $27,000. Crewe Advisors LLC bought a new position in shares of Kimberly-Clark in the 1st quarter worth about $27,000. Wetzel Investment Advisors Inc. purchased a new position in Kimberly-Clark during the 4th quarter valued at about $35,000. Finally, Northwest Financial Advisors bought a new stake in Kimberly-Clark during the fourth quarter worth about $40,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the transaction, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB traded up $1.00 during trading on Monday, hitting $143.46. The company’s stock had a trading volume of 1,309,629 shares, compared to its average volume of 2,177,068. The company has a 50-day moving average of $139.67 and a 200-day moving average of $132.08. The firm has a market cap of $48.30 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 2.95 and a beta of 0.37. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $145.62. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the business earned $1.65 earnings per share. Kimberly-Clark’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, sell-side analysts expect that Kimberly-Clark Co. will post 7.21 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Wall Street Analyst Weigh In

KMB has been the subject of a number of analyst reports. BNP Paribas assumed coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They set a “neutral” rating and a $146.00 target price for the company. Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $115.00 to $160.00 in a research note on Thursday, June 13th. The Goldman Sachs Group increased their target price on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, Piper Sandler raised their price objective on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $145.67.

About Kimberly-Clark

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.