70,053 Shares in Kimberly-Clark Corporation $KMB Purchased by Commerce Bank

Commerce Bank bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMBFree Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 70,053 shares of the company’s stock, valued at approximately $7,690,000.

Several other hedge funds have also made changes to their positions in KMB. Northwestern Mutual Wealth Management Co. purchased a new position in Kimberly-Clark in the second quarter worth approximately $6,240,000. Quantbot Technologies LP purchased a new stake in Kimberly-Clark in the second quarter valued at $8,439,000. X Square Capital LLC acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at $647,000. Emerald Investment Advisers LLC purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth $676,000. Finally, Westpac Banking Corp acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth about $1,815,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

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

Check Out Our Latest Research Report on Kimberly-Clark

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $109.31 on Monday. The business has a 50-day moving average of $108.89 and a 200 day moving average of $103.46. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $134.38. The stock has a market capitalization of $36.35 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 5.20 and a beta of 0.26. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69.

Kimberly-Clark (NASDAQ:KMBGet Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 earnings per share. As a group, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. Kimberly-Clark’s payout ratio is 87.07%.

Kimberly-Clark Company 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.

Further Reading

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

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