Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 5.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,271 shares of the company’s stock after selling 700 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Kimberly-Clark were worth $1,603,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMB. Vanguard Group Inc. boosted its holdings in shares of Kimberly-Clark by 15.1% in the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock valued at $4,605,079,000 after acquiring an additional 4,603,787 shares in the last quarter. Norges Bank bought a new stake in Kimberly-Clark during the fourth quarter worth approximately $582,592,000. GAMMA Investing LLC boosted its holdings in Kimberly-Clark by 10,975.8% during the first quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company’s stock worth $270,510,000 after buying an additional 1,884,877 shares in the last quarter. First Trust Advisors LP boosted its holdings in Kimberly-Clark by 163.1% during the fourth quarter. First Trust Advisors LP now owns 2,142,749 shares of the company’s stock worth $280,786,000 after buying an additional 1,328,341 shares in the last quarter. Finally, Trinity Financial Advisors LLC bought a new stake in Kimberly-Clark during the first quarter worth approximately $181,762,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE KMB opened at $127.91 on Friday. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market cap of $42.44 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 4.46 and a beta of 0.35. The company has a fifty day moving average price of $133.91 and a 200-day moving average price of $134.59.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same quarter in the prior year, the business earned $2.01 earnings per share. As a group, equities research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date was Friday, June 6th. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the transaction, the insider directly owned 3,997 shares in the company, valued at $518,410.90. This trade represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KMB. Barclays reduced their target price on shares of Kimberly-Clark from $135.00 to $134.00 and set an “equal weight” rating for the company in a report on Tuesday. Evercore ISI reduced their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a research report on Friday, April 11th. Finally, Wells Fargo & Company increased their target price on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $141.50.

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.