Raiffeisen Bank International AG Has $612,000 Position in Kimberly-Clark Corporation $KMB

Raiffeisen Bank International AG boosted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMBFree Report) by 1,575.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,992 shares of the company’s stock after purchasing an additional 4,694 shares during the quarter. Raiffeisen Bank International AG’s holdings in Kimberly-Clark were worth $612,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in shares of Kimberly-Clark in the third quarter worth $25,000. True Wealth Design LLC raised its holdings in Kimberly-Clark by 177.6% in the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares during the period. Winnow Wealth LLC acquired a new position in Kimberly-Clark during the 2nd quarter worth $27,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark during the second quarter valued at about $27,000. Finally, Vermillion & White Wealth Management Group LLC grew its position in shares of Kimberly-Clark by 105.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock valued at $32,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

KMB opened at $109.02 on Monday. The stock’s 50 day simple moving average is $102.05 and its 200-day simple moving average is $112.89. 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 stock has a market cap of $36.19 billion, a PE ratio of 17.96, a P/E/G ratio of 3.92 and a beta of 0.26. Kimberly-Clark Corporation has a 1 year low of $96.26 and a 1 year high of $150.45.

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

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a dividend of $1.28 per share. 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. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 83.03%.

Kimberly-Clark News Summary

Here are the key news stories impacting Kimberly-Clark this week:

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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of several research analyst reports. Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Thursday, November 13th. Morgan Stanley cut their price target on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. Zacks Research upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Evercore reaffirmed an “in-line” rating and set a $120.00 target price (down previously from $150.00) on shares of Kimberly-Clark in a research report on Tuesday, November 4th. Finally, BNP Paribas Exane reissued a “neutral” rating and issued a $110.00 price target on shares of Kimberly-Clark in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $119.00.

Read Our Latest Report on KMB

Kimberly-Clark Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kimberly-Clark (NASDAQ:KMB)

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