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Commerce Bank Has $11.26 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Financial News Live · Aug 10, 2022 11:51

Commerce Bank reduced its position in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 11.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,400 shares of the company's stock after selling 11,458 shares during the period. Commerce Bank's holdings in Kimberly-Clark were worth $11,257,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in shares of Kimberly-Clark by 28.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,683 shares of the company's stock valued at $955,000 after acquiring an additional 1,495 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Kimberly-Clark by 133.7% during the 4th quarter. Fisher Asset Management LLC now owns 84,928 shares of the company's stock valued at $12,138,000 after acquiring an additional 48,590 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Kimberly-Clark by 0.6% during the 4th quarter. New York State Common Retirement Fund now owns 624,130 shares of the company's stock valued at $89,201,000 after acquiring an additional 3,916 shares during the last quarter. JB Capital LLC increased its holdings in shares of Kimberly-Clark by 12.4% during the 4th quarter. JB Capital LLC now owns 6,369 shares of the company's stock valued at $910,000 after acquiring an additional 701 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at about $64,000. 74.32% of the stock is owned by institutional investors and hedge funds.

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Kimberly-Clark Stock Performance

Shares of KMB stock traded up $0.91 during mid-day trading on Wednesday, reaching $135.33. The stock had a trading volume of 10,282 shares, compared to its average volume of 1,889,634. The firm's 50 day simple moving average is $131.81 and its 200 day simple moving average is $131.02. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 10.37. Kimberly-Clark Co. has a one year low of $117.32 and a one year high of $145.79. The firm has a market cap of $45.69 billion, a PE ratio of 25.41, a P/E/G ratio of 4.73 and a beta of 0.31.

Kimberly-Clark (NYSE:KMB – Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.01). Kimberly-Clark had a return on equity of 249.60% and a net margin of 8.87%. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the business posted $1.47 EPS. Kimberly-Clark's revenue was up 7.2% compared to the same quarter last year. On average, analysts forecast that Kimberly-Clark Co. will post 5.64 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be given a $1.16 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.43%. Kimberly-Clark's dividend payout ratio is currently 87.71%.

Analyst Ratings Changes

A number of research analysts have recently commented on KMB shares. StockNews.com raised Kimberly-Clark from a "hold" rating to a "buy" rating in a report on Friday, July 22nd. Royal Bank of Canada increased their price objective on Kimberly-Clark from $122.00 to $124.00 and gave the company a "sector perform" rating in a report on Monday, April 25th. Morgan Stanley increased their target price on Kimberly-Clark from $133.00 to $137.00 and gave the company an "equal weight" rating in a research note on Monday, April 25th. Deutsche Bank Aktiengesellschaft increased their target price on Kimberly-Clark from $130.00 to $138.00 in a research note on Monday, April 25th. Finally, UBS Group increased their target price on Kimberly-Clark from $136.00 to $142.00 and gave the company a "neutral" rating in a research note on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $131.14.

Insiders Place Their Bets

In related news, CEO Michael D. Hsu sold 41,698 shares of the firm's stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $140.08, for a total transaction of $5,841,055.84. Following the completion of the transaction, the chief executive officer now owns 89,593 shares in the company, valued at approximately $12,550,187.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.55% of the company's stock.

Kimberly-Clark Profile

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Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.