Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 59.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,518 shares of the company’s stock after selling 84,410 shares during the period. Pacer Advisors Inc.’s holdings in Kimberly-Clark were worth $7,811,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC raised its position in Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after acquiring an additional 176 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Kimberly-Clark during the first quarter valued at $27,000. New Millennium Group LLC bought a new position in shares of Kimberly-Clark in the second quarter valued at about $28,000. Strategic Financial Concepts LLC bought a new position in shares of Kimberly-Clark in the second quarter valued at about $32,000. Finally, Fortitude Family Office LLC raised its holdings in shares of Kimberly-Clark by 333.3% in the second quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock valued at $45,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.3 %

NYSE KMB opened at $141.21 on Tuesday. The stock has a 50-day moving average of $142.30 and a 200-day moving average of $136.29. The firm has a market cap of $47.55 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 3.04 and a beta of 0.39. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The business had revenue of $5.03 billion during the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. Kimberly-Clark’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.65 EPS. As a group, sell-side analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.46%. Kimberly-Clark’s payout ratio is currently 89.71%.

Insider Buying and Selling

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now owns 19,935 shares in the company, valued at $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KMB has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a research note on Monday, July 22nd. Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Wells Fargo & Company reduced their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Finally, Barclays reduced 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $145.67.

Kimberly-Clark Company 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.