J.W. Cole Advisors Inc. Sells 972 Shares of Kimberly-Clark Co. (NYSE:KMB)

J.W. Cole Advisors Inc. lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 11.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,705 shares of the company’s stock after selling 972 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Kimberly-Clark were worth $1,065,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of KMB. Rise Advisors LLC grew its holdings in Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after buying an additional 176 shares in the last quarter. Crewe Advisors LLC bought a new stake in Kimberly-Clark during the first quarter worth $27,000. New Millennium Group LLC bought a new stake in Kimberly-Clark during the second quarter worth $28,000. Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark during the second quarter worth $32,000. Finally, Fortitude Family Office LLC grew its holdings in Kimberly-Clark by 333.3% during the second quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after buying an additional 250 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on KMB shares. BNP Paribas started coverage on Kimberly-Clark in a research report on Monday, June 24th. They issued a “neutral” rating and a $146.00 price objective on the stock. Wells Fargo & Company cut their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, July 24th. TD Cowen started coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Two research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $145.67.

Kimberly-Clark Stock Performance

Shares of KMB opened at $143.52 on Monday. The stock’s 50-day simple moving average is $142.18 and its 200 day simple moving average is $135.53. The stock has a market capitalization of $48.34 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 3.04 and a beta of 0.39. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.65 EPS. Research analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

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

Insider Buying and Selling

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

Kimberly-Clark Profile

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.