Commerzbank Aktiengesellschaft FI Makes New $4.36 Million Investment in Kimberly-Clark Corporation $KMB

Commerzbank Aktiengesellschaft FI purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, Holdings Channel reports. The fund purchased 39,737 shares of the company’s stock, valued at approximately $4,362,000.

A number of other hedge funds also recently made changes to their positions in the stock. Ally Financial Inc. purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at about $1,009,000. Westpac Banking Corp boosted its stake in Kimberly-Clark by 25.0% in the fourth quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock worth $5,462,000 after buying an additional 10,811 shares in the last quarter. Oddo BHF Asset Management Sas grew its position in Kimberly-Clark by 29.6% during the fourth quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock valued at $6,234,000 after acquiring an additional 14,115 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $1,047,000. Finally, Vaughan David Investments LLC IL raised its stake in shares of Kimberly-Clark by 6.4% during the fourth quarter. Vaughan David Investments LLC IL now owns 299,642 shares of the company’s stock worth $30,231,000 after acquiring an additional 17,955 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KMB. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Wells Fargo & Company boosted their target price on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. TD Cowen raised their target price on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Finally, Barclays boosted their price target on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Stock Down 2.2%

KMB stock opened at $107.91 on Tuesday. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $136.17. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. The firm has a market cap of $35.89 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 5.25 and a beta of 0.26. The business has a 50 day moving average of $108.30 and a 200 day moving average of $103.19.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the firm posted $1.92 earnings per share. The company’s revenue was up .6% compared to the same quarter last year. On average, research analysts forecast that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s payout ratio is currently 87.07%.

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.