Deutsche Bank AG Takes $172.05 Million Position in Kimberly-Clark Corporation $KMB

Deutsche Bank AG bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,567,356 shares of the company’s stock, valued at approximately $172,049,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC acquired a new stake in Kimberly-Clark in the 2nd quarter valued at $506,000. Commerzbank Aktiengesellschaft FI acquired a new position in Kimberly-Clark during the second quarter worth $4,362,000. Pursue Wealth Partners LLC acquired a new position in Kimberly-Clark during the second quarter worth $238,000. Trust Co. of Vermont purchased a new position in Kimberly-Clark during the second quarter valued at $1,259,000. Finally, Principle Wealth Partners LLC purchased a new position in Kimberly-Clark during the second quarter valued at $6,182,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of a number of research reports. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Barclays boosted their price objective on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. UBS Group increased their target price on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Piper Sandler raised their target price on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Trading Down 0.2%

Shares of KMB opened at $107.72 on Wednesday. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $136.17. The stock has a market cap of $35.83 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 5.25 and a beta of 0.26. The firm’s fifty day moving average is $108.45 and its two-hundred day moving average is $103.25. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The business 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%. Kimberly-Clark’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $1.92 earnings per share. Research analysts forecast that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

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 paid a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is currently 87.07%.

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.