Nisa Investment Advisors LLC Has $15.53 Million Stake in Kimberly Clark Corp (KMB)
Nisa Investment Advisors LLC reduced its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,626 shares of the company’s stock after selling 1,215 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kimberly Clark were worth $15,526,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Braun Bostich & Associates Inc. grew its position in shares of Kimberly Clark by 1,426.9% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock worth $108,000 after buying an additional 956 shares during the period. Fort L.P. acquired a new position in shares of Kimberly Clark during the 2nd quarter worth about $125,000. Bridgeworth LLC acquired a new position in shares of Kimberly Clark during the 2nd quarter worth about $135,000. Stevens First Principles Investment Advisors acquired a new position in shares of Kimberly Clark during the 2nd quarter worth about $169,000. Finally, Red Cedar Capital LLC acquired a new position in shares of Kimberly Clark during the 2nd quarter worth about $177,000. Institutional investors own 73.86% of the company’s stock.
Several equities analysts have recently issued reports on KMB shares. Bank of America boosted their target price on Kimberly Clark from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 6th. ValuEngine upgraded Kimberly Clark from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 18th. Atlantic Securities started coverage on Kimberly Clark in a report on Thursday, September 20th. They set an “underweight” rating and a $114.00 price objective on the stock. Morgan Stanley lifted their price objective on Kimberly Clark from $94.00 to $102.00 and gave the company a “sell” rating in a report on Friday, August 31st. Finally, Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $105.43.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 24th. The company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.02. Kimberly Clark had a return on equity of 432.18% and a net margin of 9.33%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the previous year, the business posted $1.49 EPS. Kimberly Clark’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities analysts expect that Kimberly Clark Corp will post 6.69 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Friday, September 7th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Thursday, September 6th. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.21%.
In other Kimberly Clark news, insider Anthony J. Palmer sold 6,445 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $117.34, for a total value of $756,256.30. Following the sale, the insider now owns 6,122 shares in the company, valued at approximately $718,355.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Aaron Powell sold 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $105.96, for a total value of $116,556.00. Following the completion of the sale, the insider now owns 1,117 shares in the company, valued at approximately $118,357.32. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.
About Kimberly Clark
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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