Kimberly-Clark Corporation (KMB) Stake Boosted by Argus Investors Counsel Inc.
Argus Investors Counsel Inc. increased its stake in Kimberly-Clark Corporation (NYSE:KMB) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,470 shares of the company’s stock after buying an additional 1,375 shares during the period. Argus Investors Counsel Inc.’s holdings in Kimberly-Clark Corporation were worth $4,321,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of KMB. Tortoise Investment Management LLC raised its position in Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after buying an additional 34 shares in the last quarter. Acrospire Investment Management LLC raised its position in Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 500 shares in the last quarter. Armbruster Capital Management Inc. raised its position in Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 250 shares in the last quarter. Heritage Trust Co bought a new position in Kimberly-Clark Corporation during the first quarter valued at about $118,000. Finally, V Wealth Management LLC bought a new position in Kimberly-Clark Corporation during the second quarter valued at about $123,000. 70.15% of the stock is owned by hedge funds and other institutional investors.
Kimberly-Clark Corporation (KMB) traded up 0.955% during midday trading on Friday, hitting $122.145. The company’s stock had a trading volume of 402,236 shares. The company’s 50-day moving average is $123.12 and its 200 day moving average is $128.54. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21. The company has a market cap of $43.15 billion, a price-to-earnings ratio of 20.395 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same period in the previous year, the business earned $1.53 EPS. The business’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts predict that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.
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Several equities analysts have recently issued reports on the company. BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price target on Kimberly-Clark Corporation and gave the stock a “buy” rating in a research report on Monday, June 19th. Citigroup Inc. set a $132.00 price target on Kimberly-Clark Corporation and gave the stock a “hold” rating in a research report on Wednesday, July 26th. UBS AG reaffirmed a “neutral” rating and issued a $119.00 price target (down previously from $120.00) on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Finally, Berenberg Bank assumed coverage on Kimberly-Clark Corporation in a research report on Friday, June 9th. They issued a “hold” rating and a $136.00 price target for the company. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $133.07.
In other news, Director Robert W. Decherd bought 1,500 shares of Kimberly-Clark Corporation stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average cost of $122.21 per share, with a total value of $183,315.00. Following the acquisition, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Sergio Cruz sold 7,078 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total value of $920,210.78. Following the completion of the sale, the insider now directly owns 4,910 shares of the company’s stock, valued at $638,349.10. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.
About Kimberly-Clark Corporation
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. 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.
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