Dana Investment Advisors Inc. Sells 3,572 Shares of Kimberly-Clark Co. (NYSE:KMB)

Dana Investment Advisors Inc. lowered its holdings in Kimberly-Clark Co. (NYSE:KMB) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,435 shares of the company’s stock after selling 3,572 shares during the period. Kimberly-Clark comprises about 0.7% of Dana Investment Advisors Inc.’s portfolio, making the stock its 29th largest holding. Dana Investment Advisors Inc.’s holdings in Kimberly-Clark were worth $20,237,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. TFO Wealth Partners LLC boosted its position in Kimberly-Clark by 99,100.0% during the fourth quarter. TFO Wealth Partners LLC now owns 992 shares of the company’s stock valued at $122,000 after purchasing an additional 991 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Kimberly-Clark by 5.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,745 shares of the company’s stock valued at $212,000 after buying an additional 88 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Kimberly-Clark by 3.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 343,325 shares of the company’s stock valued at $41,717,000 after buying an additional 12,706 shares in the last quarter. CWA Asset Management Group LLC increased its holdings in Kimberly-Clark by 62.7% during the fourth quarter. CWA Asset Management Group LLC now owns 3,002 shares of the company’s stock worth $365,000 after buying an additional 1,157 shares during the last quarter. Finally, NEOS Investment Management LLC raised its position in Kimberly-Clark by 46.7% during the fourth quarter. NEOS Investment Management LLC now owns 4,406 shares of the company’s stock worth $535,000 after acquiring an additional 1,403 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 0.2 %

KMB stock opened at $142.29 on Tuesday. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $149.30. The business has a 50-day simple moving average of $142.13 and a 200 day simple moving average of $136.83. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The company has a market cap of $47.91 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 3.00 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.71 by $0.25. The company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 EPS. Sell-side analysts anticipate that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s payout ratio is presently 89.71%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 SEC, which is available through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on KMB shares. Wells Fargo & Company lowered their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. TD Cowen initiated coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target on the stock. Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their price objective for the company from $115.00 to $160.00 in a research report on Thursday, June 13th. Barclays decreased their target price on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. raised their price target on Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a report on Monday, July 22nd. Two 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $145.67.

About Kimberly-Clark

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.