Dana Investment Advisors Inc. Trims Stake in Kimberly-Clark Corporation $KMB

Dana Investment Advisors Inc. cut its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 10.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,977 shares of the company’s stock after selling 12,595 shares during the period. Dana Investment Advisors Inc.’s holdings in Kimberly-Clark were worth $13,675,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KMB. Cloud Capital Management LLC purchased a new position in shares of Kimberly-Clark in the 3rd quarter valued at approximately $25,000. True Wealth Design LLC lifted its position in Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 135 shares during the period. Winnow Wealth LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter valued at $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the 2nd quarter worth about $27,000. Finally, Vermillion & White Wealth Management Group LLC increased its stake in shares of Kimberly-Clark by 105.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after acquiring an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

KMB stock opened at $110.51 on Tuesday. The stock has a market capitalization of $36.68 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 3.92 and a beta of 0.26. Kimberly-Clark Corporation has a 12-month low of $96.26 and a 12-month high of $150.45. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. The stock’s 50 day simple moving average is $102.21 and its 200 day simple moving average is $112.70.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.05. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 earnings per share. As a group, research analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a dividend of $1.28 per share. The ex-dividend date is Friday, March 6th. This represents a $5.12 annualized dividend and a yield of 4.6%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s dividend payout ratio (DPR) is currently 83.03%.

Insider Activity

In other news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

KMB has been the topic of several research reports. BNP Paribas Exane reissued a “neutral” rating and set a $110.00 price objective on shares of Kimberly-Clark in a research note on Monday, December 1st. Zacks Research raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Royal Bank Of Canada reaffirmed an “overweight” rating and set a $162.00 price objective on shares of Kimberly-Clark in a research report on Tuesday, October 28th. Argus upgraded Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Thursday, November 13th. Finally, Morgan Stanley cut their target price on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $119.00.

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.