Assenagon Asset Management S.A. Increases Position in Kimberly-Clark Corporation $KMB

Assenagon Asset Management S.A. boosted its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 282.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 166,356 shares of the company’s stock after acquiring an additional 122,864 shares during the quarter. Assenagon Asset Management S.A. owned 0.05% of Kimberly-Clark worth $16,784,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after buying an additional 2,765 shares during the last quarter. AlphaCore Capital LLC grew its position in Kimberly-Clark by 88.0% during the second quarter. AlphaCore Capital LLC now owns 487 shares of the company’s stock valued at $63,000 after acquiring an additional 228 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Kimberly-Clark by 8.4% during the second quarter. Coldstream Capital Management Inc. now owns 5,231 shares of the company’s stock worth $674,000 after acquiring an additional 406 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Kimberly-Clark during the second quarter worth approximately $1,041,000. Finally, Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Kimberly-Clark by 44.5% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 1,789 shares of the company’s stock worth $231,000 after acquiring an additional 551 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 0.5%

Shares of NASDAQ KMB opened at $98.85 on Friday. The firm has a fifty day simple moving average of $103.45 and a two-hundred day simple moving average of $108.37. Kimberly-Clark Corporation has a 12 month low of $96.26 and a 12 month high of $147.12. 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 market capitalization of $32.81 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 3.53 and a beta of 0.24.

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

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s payout ratio is presently 84.35%.

Insider Buying and Selling at Kimberly-Clark

In other 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 value of $317,980.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KMB shares. Piper Sandler cut their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. UBS Group boosted their price target on shares of Kimberly-Clark from $107.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Barclays set a $102.00 price target on shares of Kimberly-Clark in a research report on Friday, January 16th. BNP Paribas Exane reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Kimberly-Clark in a research note on Monday, December 1st. Finally, Citigroup decreased their price objective on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a report on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $116.42.

About Kimberly-Clark

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.