Commerzbank Aktiengesellschaft FI Has $3.59 Million Stake in Kimberly-Clark Co. $KMB

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in Kimberly-Clark Co. by 147.3% in the 2nd quarter, holding 27,873 shares valued at approximately $3.59 million.
• Multiple institutional investors have significantly increased their stakes in Kimberly-Clark, with noteworthy boosts from Citigroup (86.8%) and OVERSEA CHINESE BANKING Corp (270.2%).
• Kimberly-Clark reported an EPS of $1.92 for the latest quarter, exceeding estimates, despite a revenue decline of 1.6% year-over-year.

Commerzbank Aktiengesellschaft FI boosted its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 147.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,873 shares of the company's stock after buying an additional 16,602 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Kimberly-Clark were worth $3,594,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Strs Ohio acquired a new position in Kimberly-Clark in the first quarter worth $12,854,000. Elevate Capital Advisors LLC boosted its stake in Kimberly-Clark by 46.4% in the first quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock worth $1,770,000 after purchasing an additional 3,944 shares in the last quarter. Citigroup Inc. boosted its stake in Kimberly-Clark by 86.8% in the first quarter. Citigroup Inc. now owns 509,585 shares of the company's stock worth $72,473,000 after purchasing an additional 236,733 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Kimberly-Clark by 270.2% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock worth $140,043,000 after purchasing an additional 718,720 shares in the last quarter. Finally, United Community Bank boosted its stake in Kimberly-Clark by 340.0% in the first quarter. United Community Bank now owns 18,518 shares of the company's stock worth $2,634,000 after purchasing an additional 14,309 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KMB shares. UBS Group reduced their price objective on Kimberly-Clark from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Citigroup dropped their target price on Kimberly-Clark from $118.00 to $113.00 and set a "sell" rating for the company in a research report on Thursday. Evercore ISI dropped their target price on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday, September 22nd. Finally, Barclays dropped their target price on Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 1st. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $138.22.

Kimberly-Clark Trading Down 0.1%

NYSE KMB opened at $119.55 on Friday. The stock has a 50-day simple moving average of $128.40 and a 200 day simple moving average of $132.22. The company has a market capitalization of $39.66 billion, a PE ratio of 15.83, a P/E/G ratio of 4.46 and a beta of 0.30. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12 month low of $119.36 and a 12 month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.25. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The firm's revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.96 earnings per share. Research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, September 5th. Kimberly-Clark's dividend payout ratio is currently 69.42%.

Kimberly-Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.

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