Nisa Investment Advisors LLC Lowers Holdings in Kimberly-Clark Corporation $KMB

Nisa Investment Advisors LLC trimmed its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 25.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,774 shares of the company’s stock after selling 15,587 shares during the period. Nisa Investment Advisors LLC’s holdings in Kimberly-Clark were worth $5,627,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of KMB. Investment Research & Advisory Group Inc. acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $25,000. True Wealth Design LLC lifted its stake in shares of Kimberly-Clark by 177.6% in the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares during the period. Princeton Global Asset Management LLC boosted its holdings in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after buying an additional 188 shares in the last quarter. Winnow Wealth LLC acquired a new stake in Kimberly-Clark during the second quarter valued at $27,000. Finally, Darwin Wealth Management LLC purchased a new position in Kimberly-Clark in the second quarter valued at $27,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KMB shares. Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. BNP Paribas Exane lowered their price target on Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, December 1st. BNP Paribas restated a “neutral” rating and issued a $110.00 price objective on shares of Kimberly-Clark in a research report on Monday, December 1st. Cowen reiterated a “hold” rating on shares of Kimberly-Clark in a research report on Tuesday, November 4th. Finally, Citigroup dropped their price target on shares of Kimberly-Clark from $100.00 to $95.00 and set a “sell” rating on the stock in a research note on Wednesday, December 17th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $122.31.

Kimberly-Clark Stock Down 1.0%

Shares of KMB opened at $97.92 on Monday. The stock has a 50 day moving average price of $102.69 and a 200 day moving average price of $118.45. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $150.45. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77. The stock has a market capitalization of $32.50 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 3.76 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the previous year, the company posted $1.83 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. Equities research analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were given a dividend of $1.26 per share. The ex-dividend date was Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a yield of 5.1%. Kimberly-Clark’s payout ratio is presently 85.28%.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.