Commerzbank Aktiengesellschaft FI Sells 12,225 Shares of Kimberly-Clark Corporation $KMB

Commerzbank Aktiengesellschaft FI reduced its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 22.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,331 shares of the company’s stock after selling 12,225 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Kimberly-Clark were worth $4,084,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KMB. Godfrey Financial Associates Inc. purchased a new position in Kimberly-Clark in the 4th quarter worth about $25,000. Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark in the 2nd quarter valued at about $27,000. CrossGen Wealth LLC purchased a new stake in Kimberly-Clark in the 4th quarter valued at about $27,000. Eagle Bay Advisors LLC bought a new position in Kimberly-Clark in the 4th quarter worth about $28,000. Finally, Newbridge Financial Services Group Inc. grew its stake in Kimberly-Clark by 96.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after acquiring an additional 140 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Kimberly-Clark from $106.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday. Piper Sandler increased their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft reduced their price objective on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Wednesday, June 24th. Finally, Barclays lowered their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $116.79.

Kimberly-Clark Trading Up 0.1%

NASDAQ:KMB opened at $108.48 on Tuesday. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $137.46. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The firm has a market cap of $36.01 billion, a P/E ratio of 17.03, a P/E/G ratio of 4.82 and a beta of 0.26. The firm has a 50-day simple moving average of $103.44 and a 200-day simple moving average of $101.79.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the company earned $1.93 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. Equities analysts anticipate that Kimberly-Clark Corporation will post 7.47 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were issued a dividend of $1.28 per share. The ex-dividend date was Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio is currently 80.38%.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the stock in a transaction on 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 trade represents a 16.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is owned by company insiders.

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.