Nisa Investment Advisors LLC Sells 2,081 Shares of Kimberly-Clark Co. (NYSE:KMB)

Nisa Investment Advisors LLC reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other institutional investors also recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Kimberly-Clark by 18.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock worth $58,738,000 after purchasing an additional 69,794 shares during the period. Virtu Financial LLC boosted its stake in Kimberly-Clark by 506.8% in the 4th quarter. Virtu Financial LLC now owns 12,955 shares of the company’s stock valued at $1,574,000 after buying an additional 10,820 shares in the last quarter. Nixon Peabody Trust Co. acquired a new position in Kimberly-Clark during the fourth quarter worth $1,081,000. Focus Financial Network Inc. ADV bought a new position in shares of Kimberly-Clark during the fourth quarter valued at $1,094,000. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Kimberly-Clark during the fourth quarter valued at $11,994,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Trading Up 0.7 %

Shares of KMB stock traded up $1.00 during trading hours on Monday, reaching $143.46. The company had a trading volume of 1,309,629 shares, compared to its average volume of 2,177,068. 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 Co. has a 1-year low of $116.32 and a 1-year high of $145.62. 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 (NYSE:KMB) last issued its earnings results 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 firm 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 company’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.65 earnings per share. On average, equities research analysts anticipate that Kimberly-Clark Co. will post 7.21 EPS for the current year.

Kimberly-Clark Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Bank of America upgraded shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and lifted their target price for the company from $115.00 to $160.00 in a research note on Thursday, June 13th. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Wells Fargo & Company reduced their price target on shares of 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. 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 report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average target price of $145.67.

Insider Transactions at Kimberly-Clark

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

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.