Kimberly-Clark Corporation $KMB Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 186.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,492 shares of the company’s stock after purchasing an additional 28,335 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Kimberly-Clark were worth $5,408,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Empirical Finance LLC boosted its holdings in shares of Kimberly-Clark by 0.6% in the 2nd quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock valued at $1,531,000 after purchasing an additional 76 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Kimberly-Clark by 3.7% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock valued at $284,000 after acquiring an additional 78 shares in the last quarter. Monarch Capital Management Inc. increased its holdings in Kimberly-Clark by 1.9% in the 2nd quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock valued at $568,000 after purchasing an additional 81 shares in the last quarter. TFB Advisors LLC lifted its stake in shares of Kimberly-Clark by 4.2% during the second quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock worth $261,000 after purchasing an additional 82 shares in the last quarter. Finally, State of Wyoming boosted its position in shares of Kimberly-Clark by 3.0% in the first quarter. State of Wyoming now owns 2,879 shares of the company’s stock worth $409,000 after buying an additional 85 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 0.8%

KMB opened at $100.65 on Monday. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77. The company has a market capitalization of $33.41 billion, a PE ratio of 17.03, a P/E/G ratio of 3.77 and a beta of 0.25. The stock’s fifty day moving average is $108.66 and its 200-day moving average is $121.73. Kimberly-Clark Corporation has a one year low of $99.22 and a one year high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.Kimberly-Clark’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.83 earnings per share. On average, equities analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, December 5th. Kimberly-Clark’s payout ratio is presently 85.28%.

Analysts Set New Price Targets

KMB has been the topic of a number of analyst reports. Citigroup dropped their price objective on shares of Kimberly-Clark from $100.00 to $95.00 and set a “sell” rating on the stock in a research note on Wednesday, December 17th. TD Cowen decreased their price objective on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday, October 31st. Royal Bank Of Canada reissued an “overweight” rating and issued a $162.00 target price on shares of Kimberly-Clark in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimberly-Clark in a report on Monday, December 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $124.62.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.