Commerce Bank Buys New Shares in Kimberly-Clark Corporation $KMB

Commerce Bank bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, Holdings Channel.com reports. The fund bought 70,053 shares of the company’s stock, valued at approximately $7,690,000.

Several other large investors also recently bought and sold shares of the stock. Ally Financial Inc. purchased a new position in Kimberly-Clark in the fourth quarter valued at $1,009,000. Westpac Banking Corp raised its stake in Kimberly-Clark by 25.0% in the fourth quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock valued at $5,462,000 after buying an additional 10,811 shares in the last quarter. Oddo BHF Asset Management Sas lifted its holdings in Kimberly-Clark by 29.6% during the 4th quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock worth $6,234,000 after buying an additional 14,115 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Kimberly-Clark during the 4th quarter worth about $1,047,000. Finally, Vaughan David Investments LLC IL raised its position in shares of Kimberly-Clark by 6.4% during the 4th quarter. Vaughan David Investments LLC IL now owns 299,642 shares of the company’s stock worth $30,231,000 after acquiring an additional 17,955 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

KMB has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating on shares of Kimberly-Clark in a research note on Wednesday. TD Cowen raised their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Barclays increased their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $117.93.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $109.31 on Monday. The stock has a market cap of $36.35 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 5.20 and a beta of 0.26. 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 Corporation has a 52-week low of $92.42 and a 52-week high of $134.38. The business has a 50-day moving average price of $108.89 and a 200 day moving average price of $103.46.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.92 EPS. Equities research analysts forecast that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s payout ratio is presently 87.07%.

Kimberly-Clark 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.