Commerzbank Aktiengesellschaft FI Acquires New Stake in Kimberly-Clark Corporation $KMB

Key Points

• Commerzbank Aktiengesellschaft FI acquired 39,737 Kimberly-Clark shares in the second quarter, valued at approximately $4.36 million. Institutional investors collectively own 76.29% of KMB’s outstanding stock.
• Kimberly-Clark recently reported quarterly EPS of $1.80, below the $2.01 consensus estimate, while revenue rose 0.6% year over year to $4.19 billion. The stock opened at $107.91 and was trading down 2.2%.
• The company declared a quarterly dividend of $1.28, equivalent to an annualized $5.12 payout and a 4.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $117.93.

Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,737 shares of the company's stock, valued at approximately $4,362,000.

Other large investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its position in shares of Kimberly-Clark by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company's stock valued at $3,834,000 after buying an additional 100 shares during the last quarter. New Mexico Educational Retirement Board increased its holdings in Kimberly-Clark by 0.7% in the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company's stock worth $1,523,000 after acquiring an additional 100 shares during the last quarter. AdvisorNet Financial Inc raised its stake in Kimberly-Clark by 18.3% in the 1st quarter. AdvisorNet Financial Inc now owns 665 shares of the company's stock valued at $64,000 after acquiring an additional 103 shares during the period. Core Wealth Partners LLC raised its stake in Kimberly-Clark by 2.6% in the 4th quarter. Core Wealth Partners LLC now owns 4,352 shares of the company's stock valued at $439,000 after acquiring an additional 112 shares during the period. Finally, Assetmark Inc. lifted its holdings in Kimberly-Clark by 0.6% during the first quarter. Assetmark Inc. now owns 20,216 shares of the company's stock valued at $1,950,000 after purchasing an additional 121 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Down 2.2%

Kimberly-Clark stock opened at $107.91 on Tuesday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $136.17. The stock has a market cap of $35.89 billion, a P/E ratio of 18.35, a PEG ratio of 5.25 and a beta of 0.26. The firm's fifty day moving average price is $108.30 and its 200-day moving average price is $103.19.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the prior year, the business posted $1.92 EPS. Kimberly-Clark's quarterly revenue was up .6% on a year-over-year basis. Equities research analysts forecast that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a $1.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark's dividend payout ratio (DPR) is presently 87.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KMB shares. Freedom Capital upgraded shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Piper Sandler upped their price target on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an "overweight" rating in a research note on Wednesday, June 17th. UBS Group raised their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Barclays lifted their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company boosted their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an "equal weight" rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $117.93.

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.

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