Kimberly-Clark Corporation $KMB Position Boosted by Bank of Montreal Can

Bank of Montreal Can lifted its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 17.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 503,134 shares of the company’s stock after purchasing an additional 75,983 shares during the quarter. Bank of Montreal Can owned 0.15% of Kimberly-Clark worth $62,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Assenagon Asset Management S.A. grew its stake in Kimberly-Clark by 186.9% in the third quarter. Assenagon Asset Management S.A. now owns 43,492 shares of the company’s stock valued at $5,408,000 after purchasing an additional 28,335 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Kimberly-Clark by 2.5% during the 3rd quarter. Nordea Investment Management AB now owns 2,439,692 shares of the company’s stock worth $301,448,000 after purchasing an additional 58,978 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Kimberly-Clark by 3.4% during the 2nd quarter. Franklin Resources Inc. now owns 591,145 shares of the company’s stock valued at $76,234,000 after buying an additional 19,298 shares during the last quarter. Synergy Asset Management LLC lifted its holdings in shares of Kimberly-Clark by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 38,260 shares of the company’s stock valued at $4,932,000 after buying an additional 19,130 shares during the last quarter. Finally, Hudson Bay Capital Management LP grew its stake in shares of Kimberly-Clark by 5,751.6% in the 2nd quarter. Hudson Bay Capital Management LP now owns 94,211 shares of the company’s stock valued at $12,146,000 after buying an additional 92,601 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $97.82 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. The firm has a fifty day simple moving average of $103.37 and a 200-day simple moving average of $110.47. The stock has a market capitalization of $32.47 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 3.56 and a beta of 0.24. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $147.12.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.05. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. Kimberly-Clark’s revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $1.50 EPS. On average, sell-side analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a $1.28 dividend. The ex-dividend date is Friday, March 6th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. Kimberly-Clark’s dividend payout ratio is presently 84.35%.

Wall Street Analyst Weigh In

KMB has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. BNP Paribas Exane restated a “neutral” rating and set a $110.00 price target on shares of Kimberly-Clark in a research note on Monday, December 1st. Citigroup reduced their price objective on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research note on Wednesday, January 14th. Wells Fargo & Company set a $110.00 price objective on shares of Kimberly-Clark in a report on Tuesday, February 17th. Finally, TD Cowen lowered their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $119.00.

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.