Ancora Advisors LLC Has $1.21 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Ancora Advisors LLC cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.1% during the first quarter, HoldingsChannel.com reports. The firm owned 9,370 shares of the company’s stock after selling 500 shares during the quarter. Ancora Advisors LLC’s holdings in Kimberly-Clark were worth $1,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rise Advisors LLC increased its stake in Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares in the last quarter. Cranbrook Wealth Management LLC increased its stake in Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Accordant Advisory Group Inc bought a new stake in Kimberly-Clark during the 1st quarter worth approximately $27,000. Crewe Advisors LLC bought a new stake in Kimberly-Clark during the 1st quarter worth approximately $27,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $35,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Down 1.0 %

Shares of Kimberly-Clark stock opened at $135.05 on Thursday. The business has a fifty day simple moving average of $138.03 and a two-hundred day simple moving average of $130.52. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $145.62. The company has a market capitalization of $45.48 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 2.91 and a beta of 0.37. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the firm posted $1.65 EPS. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Research analysts forecast that Kimberly-Clark Co. will post 7.21 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.61%. Kimberly-Clark’s dividend payout ratio is 89.71%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Doug Cunningham sold 3,833 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $136.82, for a total transaction of $524,431.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Kimberly-Clark news, insider Doug Cunningham sold 3,833 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $136.82, for a total transaction of $524,431.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $5,331,392.58. Following the transaction, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. Insiders sold 43,312 shares of company stock valued at $6,106,519 in the last quarter. 0.62% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on KMB shares. HSBC increased their target price on Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Wells Fargo & Company reduced their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Argus raised Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. TD Cowen assumed coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Two equities research 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. Based on data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $145.67.

Kimberly-Clark 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.