CIBC Asset Management Inc Has $24.84 Million Holdings in Kimberly-Clark Corporation $KMB

CIBC Asset Management Inc lifted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,791 shares of the company’s stock after acquiring an additional 6,998 shares during the period. CIBC Asset Management Inc owned approximately 0.06% of Kimberly-Clark worth $24,842,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KMB. Investment Research & Advisory Group Inc. acquired a new stake in shares of Kimberly-Clark in the 2nd quarter valued at about $25,000. True Wealth Design LLC grew its holdings in shares of Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after buying an additional 135 shares in the last quarter. Princeton Global Asset Management LLC raised its position in Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after buying an additional 188 shares during the last quarter. Winnow Wealth LLC acquired a new stake in Kimberly-Clark in the 2nd quarter valued at approximately $27,000. Finally, Darwin Wealth Management LLC bought a new stake in Kimberly-Clark in the 2nd quarter valued at approximately $27,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB opened at $102.23 on Monday. The company has a market cap of $33.93 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 3.92 and a beta of 0.26. The firm has a 50-day moving average of $102.19 and a 200-day moving average of $116.29. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $150.45. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.37. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. Kimberly-Clark’s revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $1.83 EPS. As a group, equities analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were issued a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.9%. Kimberly-Clark’s payout ratio is presently 85.28%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KMB shares. Barclays set a $102.00 price target on shares of Kimberly-Clark in a research note on Friday, January 16th. Argus upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Thursday, November 13th. Royal Bank Of Canada reissued an “overweight” rating and set a $162.00 price target on shares of Kimberly-Clark in a research report on Tuesday, October 28th. Citigroup decreased their price objective on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a report on Wednesday, January 14th. Finally, UBS Group lowered their target price on Kimberly-Clark from $132.00 to $107.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $118.33.

Kimberly-Clark Company 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.