Commerzbank Aktiengesellschaft FI Grows Stake in Kimberly-Clark Corporation $KMB

Commerzbank Aktiengesellschaft FI increased its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 53.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,691 shares of the company’s stock after acquiring an additional 14,818 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Kimberly-Clark were worth $5,309,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Kimberly-Clark by 14.8% during the 2nd quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock valued at $5,212,942,000 after purchasing an additional 5,200,011 shares during the period. Norges Bank purchased a new position in shares of Kimberly-Clark in the second quarter worth approximately $556,114,000. Federated Hermes Inc. grew its position in Kimberly-Clark by 350.2% during the second quarter. Federated Hermes Inc. now owns 1,583,193 shares of the company’s stock valued at $204,105,000 after buying an additional 1,231,501 shares during the period. Balyasny Asset Management L.P. increased its holdings in Kimberly-Clark by 32,568.4% during the second quarter. Balyasny Asset Management L.P. now owns 978,419 shares of the company’s stock valued at $126,138,000 after buying an additional 975,424 shares during the last quarter. Finally, Sarasin & Partners LLP increased its holdings in Kimberly-Clark by 88.9% during the third quarter. Sarasin & Partners LLP now owns 2,048,544 shares of the company’s stock valued at $251,274,000 after buying an additional 963,978 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

KMB has been the topic of several analyst reports. TD Cowen dropped their price target on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. Barclays set a $102.00 price target on Kimberly-Clark in a report on Friday, January 16th. Morgan Stanley decreased their price objective on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 4th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $120.00 price objective (down from $150.00) on shares of Kimberly-Clark in a research report on Tuesday, November 4th. 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $118.33.

Kimberly-Clark Price Performance

NASDAQ:KMB opened at $102.23 on Friday. The business’s 50-day simple moving average is $102.19 and its two-hundred day simple moving average is $116.40. Kimberly-Clark Corporation has a 52 week low of $96.26 and a 52 week high of $150.45. The stock has a market cap of $33.93 billion, a PE ratio of 17.30, a P/E/G ratio of 3.92 and a beta of 0.26. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.41.

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 the consensus estimate of $1.45 by $0.37. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The firm’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $1.83 earnings per share. As a group, analysts forecast 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 was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were given a dividend of $1.26 per share. The ex-dividend date was Friday, December 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.9%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 85.28%.

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.