Argyle Capital Management Inc. Sells 2,575 Shares of Kimberly-Clark Co. (NYSE:KMB)

Argyle Capital Management Inc. lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 31.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,683 shares of the company’s stock after selling 2,575 shares during the quarter. Argyle Capital Management Inc.’s holdings in Kimberly-Clark were worth $691,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in Kimberly-Clark by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock valued at $869,090,000 after buying an additional 177,712 shares during the period. American Century Companies Inc. boosted its position in Kimberly-Clark by 14.7% during the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after purchasing an additional 641,187 shares during the period. Morgan Stanley boosted its position in Kimberly-Clark by 4.6% during the third quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after purchasing an additional 212,739 shares during the period. Northern Trust Corp boosted its position in Kimberly-Clark by 4.0% during the third quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock worth $489,650,000 after purchasing an additional 155,066 shares during the period. Finally, Federated Hermes Inc. boosted its position in Kimberly-Clark by 4.5% during the third quarter. Federated Hermes Inc. now owns 3,434,571 shares of the company’s stock worth $415,068,000 after purchasing an additional 148,076 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB traded down $1.19 on Friday, reaching $135.24. The company had a trading volume of 2,123,919 shares, compared to its average volume of 2,437,404. The business has a 50 day simple moving average of $125.86 and a 200 day simple moving average of $122.92. The company has a market cap of $45.54 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 3.86 and a beta of 0.40. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $147.09.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.61 by $0.40. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The business’s revenue was down .9% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7 EPS for the current year.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares of the company’s stock, valued at $109,050.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Mark T. Smucker bought 827 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the acquisition, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the transaction, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday. Bank of America increased their target price on shares of Kimberly-Clark from $110.00 to $115.00 and gave the stock an “underperform” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research report on Wednesday. Piper Sandler raised their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Finally, Barclays raised their price objective on shares of Kimberly-Clark from $132.00 to $136.00 and gave the company an “equal weight” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $134.85.

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.