Argus Investors Counsel Inc. cut its stake in Kimberly-Clark Corp. (NYSE:KMB) by 6.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,680 shares of the company’s stock after selling 2,485 shares during the period. Kimberly-Clark Corp. comprises 1.9% of Argus Investors Counsel Inc.’s holdings, making the stock its 28th largest position. Argus Investors Counsel Inc.’s holdings in Kimberly-Clark Corp. were worth $4,627,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. First Republic Investment Management Inc. increased its position in shares of Kimberly-Clark Corp. by 28.9% in the first quarter. First Republic Investment Management Inc. now owns 60,153 shares of the company’s stock worth $8,090,000 after buying an additional 13,481 shares during the last quarter. Cullinan Associates Inc. increased its position in Kimberly-Clark Corp. by 2.9% in the first quarter. Cullinan Associates Inc. now owns 3,536 shares of the company’s stock worth $476,000 after buying an additional 100 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in Kimberly-Clark Corp. during the first quarter worth $491,000. Iowa State Bank increased its position in Kimberly-Clark Corp. by 3.8% in the second quarter. Iowa State Bank now owns 21,785 shares of the company’s stock worth $2,995,000 after buying an additional 790 shares in the last quarter. Finally, Fulton Bank N.A. increased its position in Kimberly-Clark Corp. by 4.1% in the second quarter. Fulton Bank N.A. now owns 19,229 shares of the company’s stock worth $2,644,000 after buying an additional 763 shares in the last quarter. 67.84% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Kimberly-Clark Corp. (NYSE:KMB)

Kimberly-Clark Corp. (NYSE:KMB) traded down 0.57% during midday trading on Tuesday, hitting $116.50. The stock had a trading volume of 2,011,492 shares. Kimberly-Clark Corp. has a 12-month low of $111.30 and a 12-month high of $138.87. The company has a market cap of $41.73 billion, a PE ratio of 21.19 and a beta of 0.61. The firm has a 50-day moving average of $115.91 and a 200-day moving average of $125.92.

Kimberly-Clark Corp. (NYSE:KMB) last issued its quarterly earnings data on Monday, October 24th. The company reported $1.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by $0.02. Kimberly-Clark Corp. had a net margin of 10.96% and a return on equity of 648.51%. The company earned $4.60 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same period last year, the firm earned $1.51 EPS. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. Equities research analysts forecast that Kimberly-Clark Corp. will post $6.00 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Friday, December 9th will be paid a $0.92 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $3.68 annualized dividend and a dividend yield of 3.16%. Kimberly-Clark Corp.’s dividend payout ratio is presently 67.03%.

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A number of research analysts have weighed in on the company. B. Riley reissued a “neutral” rating and issued a $128.00 target price on shares of Kimberly-Clark Corp. in a report on Sunday, October 30th. Deutsche Bank AG reduced their price target on Kimberly-Clark Corp. from $132.00 to $120.00 and set a “hold” rating for the company in a research report on Tuesday, October 25th. Wells Fargo & Co. restated a “market perform” rating on shares of Kimberly-Clark Corp. in a research report on Tuesday, November 15th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $145.00 price target on shares of Kimberly-Clark Corp. in a research report on Tuesday, October 25th. Finally, Citigroup Inc. restated a “neutral” rating on shares of Kimberly-Clark Corp. in a research report on Monday, October 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $132.60.

In other news, Director Robert W. Decherd acquired 2,000 shares of the business’s stock in a transaction on Thursday, October 27th. The stock was bought at an average cost of $113.59 per share, for a total transaction of $227,180.00. Following the purchase, the director now owns 41,944 shares in the company, valued at $4,764,418.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Thomas J. Mielke sold 11,946 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $113.34, for a total value of $1,353,959.64. Following the sale, the senior vice president now owns 30,091 shares of the company’s stock, valued at $3,410,513.94. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.

About Kimberly-Clark Corp.

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

5 Day Chart for NYSE:KMB

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