Fifth Third Bancorp Acquires 176,733 Shares of Kimberly-Clark Corporation $KMB

Fifth Third Bancorp increased its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMBFree Report) by 612.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,588 shares of the company’s stock after buying an additional 176,733 shares during the period. Fifth Third Bancorp’s holdings in Kimberly-Clark were worth $19,833,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. bought a new position in shares of Kimberly-Clark in the 4th quarter valued at about $25,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the second quarter worth approximately $27,000. CrossGen Wealth LLC bought a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $27,000. Eagle Bay Advisors LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at approximately $28,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in Kimberly-Clark by 96.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after buying an additional 140 shares during the period. Institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KMB. Deutsche Bank Aktiengesellschaft reduced their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Wells Fargo & Company upped their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Bank of America cut their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Piper Sandler boosted their target price on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $116.14.

Get Our Latest Report on KMB

Kimberly-Clark Stock Down 2.0%

KMB stock opened at $110.18 on Tuesday. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. The stock has a market capitalization of $36.57 billion, a P/E ratio of 17.30, a P/E/G ratio of 5.04 and a beta of 0.26. The business has a 50-day moving average of $102.46 and a 200-day moving average of $101.55. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $137.46.

Kimberly-Clark (NASDAQ:KMBGet Free Report) last released its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.93 earnings per share. On average, sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a $1.28 dividend. The ex-dividend date was Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 4.6%. Kimberly-Clark’s dividend payout ratio is currently 80.38%.

Insider Buying and Selling

In related news, VP Andrew Scribner sold 4,095 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the sale, the insider owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This represents a 16.03% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 7,096 shares of company stock valued at $689,687. Insiders own 0.75% of the company’s stock.

About Kimberly-Clark

(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.

See Also

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

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