Argent Trust Co Cuts Position in Kimberly Clark Corp (NYSE:KMB)

Argent Trust Co reduced its position in Kimberly Clark Corp (NYSE:KMB) by 4.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 7,076 shares of the company’s stock after selling 297 shares during the quarter. Argent Trust Co’s holdings in Kimberly Clark were worth $905,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KMB. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Kimberly Clark by 32.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 128,811 shares of the company’s stock valued at $16,471,000 after buying an additional 31,323 shares during the period. Shell Asset Management Co. increased its position in shares of Kimberly Clark by 20.9% in the first quarter. Shell Asset Management Co. now owns 29,762 shares of the company’s stock worth $3,806,000 after acquiring an additional 5,148 shares in the last quarter. Nicholas Hoffman & Company LLC. raised its stake in shares of Kimberly Clark by 1.1% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 13,051 shares of the company’s stock valued at $1,669,000 after acquiring an additional 140 shares during the period. National Asset Management Inc. raised its stake in shares of Kimberly Clark by 47.0% in the 1st quarter. National Asset Management Inc. now owns 6,440 shares of the company’s stock valued at $825,000 after acquiring an additional 2,058 shares during the period. Finally, Royal Fund Management LLC acquired a new position in shares of Kimberly Clark during the 1st quarter valued at $1,695,000. Institutional investors and hedge funds own 72.55% of the company’s stock.

In related news, insider Kimberly K. Underhill sold 4,679 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $139.00, for a total transaction of $650,381.00. Following the sale, the insider now directly owns 42,643 shares of the company’s stock, valued at approximately $5,927,377. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP J. Scott Boston sold 13,388 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $141.00, for a total value of $1,887,708.00. The disclosure for this sale can be found here. Insiders sold 42,536 shares of company stock valued at $5,969,866 over the last quarter. Insiders own 0.72% of the company’s stock.

Shares of KMB stock traded up $2.28 during mid-day trading on Friday, reaching $139.74. 1,442,456 shares of the company were exchanged, compared to its average volume of 1,705,895. The company has a debt-to-equity ratio of 156.74, a quick ratio of 0.63 and a current ratio of 0.87. The business’s 50 day simple moving average is $136.74 and its 200 day simple moving average is $136.98. The company has a market capitalization of $46.81 billion, a P/E ratio of 20.40, a P/E/G ratio of 3.59 and a beta of 0.49. Kimberly Clark Corp has a fifty-two week low of $110.66 and a fifty-two week high of $149.23.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $2.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.15. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.84 billion. Kimberly Clark had a net margin of 12.55% and a return on equity of 2,686.77%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 EPS. On average, analysts forecast that Kimberly Clark Corp will post 7.57 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given a dividend of $1.07 per share. The ex-dividend date is Thursday, June 4th. This represents a $4.28 annualized dividend and a dividend yield of 3.06%. Kimberly Clark’s payout ratio is 62.12%.

Several research firms have commented on KMB. Goldman Sachs Group raised Kimberly Clark to a “hold” rating in a research report on Monday, March 30th. ValuEngine raised Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Citigroup upped their price target on Kimberly Clark from $123.00 to $135.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Royal Bank of Canada reiterated a “hold” rating and set a $149.00 price objective on shares of Kimberly Clark in a research note on Wednesday, April 22nd. Finally, Deutsche Bank upped their target price on shares of Kimberly Clark from $143.00 to $145.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $146.70.

Kimberly Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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

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