Paragon Capital Management Ltd Takes $205,000 Position in Kimberly Clark Corp (KMB)

Paragon Capital Management Ltd purchased a new stake in Kimberly Clark Corp (NYSE:KMB) during the 3rd quarter, HoldingsChannel reports. The firm purchased 1,800 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds have also added to or reduced their stakes in the company. Exchange Capital Management Inc. grew its position in shares of Kimberly Clark by 800.0% in the third quarter. Exchange Capital Management Inc. now owns 900 shares of the company’s stock valued at $102,000 after purchasing an additional 800 shares during the last quarter. Braun Bostich & Associates Inc. grew its position in shares of Kimberly Clark by 1,426.9% in the second quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock valued at $108,000 after purchasing an additional 956 shares during the last quarter. Arlington Partners LLC acquired a new stake in shares of Kimberly Clark in the third quarter valued at approximately $114,000. Fort L.P. acquired a new stake in shares of Kimberly Clark in the second quarter valued at approximately $125,000. Finally, Bridgeworth LLC acquired a new stake in shares of Kimberly Clark in the second quarter valued at approximately $135,000. Institutional investors and hedge funds own 74.43% of the company’s stock.

Shares of NYSE KMB opened at $107.49 on Thursday. Kimberly Clark Corp has a 1 year low of $97.10 and a 1 year high of $123.77. The company has a market cap of $37.05 billion, a P/E ratio of 17.25, a PEG ratio of 2.59 and a beta of 0.67. The company has a current ratio of 0.75, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, October 22nd. The company reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.07. The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.52 billion. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. Kimberly Clark’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 earnings per share. Sell-side analysts anticipate that Kimberly Clark Corp will post 6.69 earnings per share for the current year.

KMB has been the topic of several research reports. Morgan Stanley set a $100.00 price target on shares of Kimberly Clark and gave the company a “sell” rating in a research report on Tuesday, October 23rd. Goldman Sachs Group lowered shares of Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 target price on the stock. in a research report on Monday, October 8th. Bank of America raised their target price on shares of Kimberly Clark from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 6th. Deutsche Bank lowered shares of Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 target price on the stock. in a research report on Wednesday, October 10th. Finally, Jefferies Financial Group restated a “hold” rating and set a $100.00 target price on shares of Kimberly Clark in a research report on Monday, October 22nd. Five research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $105.64.

In other Kimberly Clark news, insider Anthony J. Palmer sold 6,445 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total transaction of $756,256.30. Following the transaction, the insider now owns 6,122 shares of the company’s stock, valued at $718,355.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.64% of the company’s stock.

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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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