ARGI Investment Services LLC Takes Position in Kimberly-Clark Corporation (KMB)
ARGI Investment Services LLC acquired a new position in Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,521 shares of the company’s stock, valued at approximately $2,306,000.
Several other institutional investors also recently bought and sold shares of the company. Swiss National Bank raised its position in shares of Kimberly-Clark Corporation by 20.5% in the first quarter. Swiss National Bank now owns 1,657,528 shares of the company’s stock valued at $218,180,000 after buying an additional 282,300 shares during the period. Decatur Capital Management Inc. acquired a new position in shares of Kimberly-Clark Corporation during the first quarter valued at about $7,454,000. Delta Asset Management LLC TN raised its position in shares of Kimberly-Clark Corporation by 2.4% in the first quarter. Delta Asset Management LLC TN now owns 3,020 shares of the company’s stock valued at $397,000 after buying an additional 70 shares during the period. Sequent Asset Management LLC acquired a new position in shares of Kimberly-Clark Corporation during the first quarter valued at about $237,000. Finally, Davis R M Inc. raised its position in shares of Kimberly-Clark Corporation by 3.5% in the first quarter. Davis R M Inc. now owns 31,653 shares of the company’s stock valued at $4,166,000 after buying an additional 1,067 shares during the period. 70.15% of the stock is currently owned by institutional investors.
Shares of Kimberly-Clark Corporation (KMB) traded up 0.44% during trading on Friday, hitting $121.52. The stock had a trading volume of 997,383 shares. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21. The firm has a 50 day moving average price of $122.99 and a 200-day moving average price of $128.55. The stock has a market capitalization of $42.93 billion, a price-to-earnings ratio of 20.29 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 earnings per share. On average, equities research analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.19%. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/26/argi-investment-services-llc-takes-position-in-kimberly-clark-corporation-kmb.html.
Several equities analysts have issued reports on the company. BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price target on Kimberly-Clark Corporation and gave the company a “buy” rating in a research note on Monday, June 19th. Citigroup Inc. set a $132.00 price target on Kimberly-Clark Corporation and gave the company a “hold” rating in a research note on Wednesday, July 26th. UBS AG reissued a “neutral” rating and issued a $119.00 price target (down from $120.00) on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Finally, Berenberg Bank assumed coverage on Kimberly-Clark Corporation in a research note on Friday, June 9th. They issued a “hold” rating and a $136.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $133.07.
In related news, insider Sergio Cruz sold 7,078 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total transaction of $920,210.78. Following the completion of the transaction, the insider now owns 4,910 shares in the company, valued at $638,349.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert W. Decherd bought 1,500 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average price of $122.21 per share, with a total value of $183,315.00. Following the purchase, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.
Kimberly-Clark Corporation Company Profile
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.
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corporation (NYSE:KMB).
Receive News & Stock Ratings for Kimberly-Clark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corporation and related stocks with our FREE daily email newsletter.