Commerzbank Aktiengesellschaft FI Sells 10,707 Shares of Kimberly-Clark Co. (NYSE:KMB)

Commerzbank Aktiengesellschaft FI reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 49.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 11,055 shares of the company’s stock after selling 10,707 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Kimberly-Clark were worth $1,573,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC raised its holdings in Kimberly-Clark by 13.7% during the 1st quarter. Park Avenue Securities LLC now owns 7,274 shares of the company’s stock worth $941,000 after purchasing an additional 878 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Kimberly-Clark by 14.1% in the 1st quarter. International Assets Investment Management LLC now owns 2,318 shares of the company’s stock valued at $299,000 after purchasing an additional 286 shares during the period. Brookstone Capital Management boosted its position in shares of Kimberly-Clark by 586.3% in the 1st quarter. Brookstone Capital Management now owns 84,868 shares of the company’s stock worth $10,978,000 after purchasing an additional 72,502 shares during the last quarter. Sovereign Financial Group Inc. grew its stake in shares of Kimberly-Clark by 2.1% during the first quarter. Sovereign Financial Group Inc. now owns 10,123 shares of the company’s stock worth $1,309,000 after purchasing an additional 213 shares during the period. Finally, Clarity Financial LLC acquired a new position in Kimberly-Clark in the first quarter valued at about $210,000. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on KMB. Deutsche Bank Aktiengesellschaft boosted their target price on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. TD Cowen initiated coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on Kimberly-Clark from $137.00 to $142.00 and gave the company an “underweight” rating in a report on Friday, October 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $149.14.

Kimberly-Clark Trading Up 0.4 %

Shares of KMB stock opened at $138.27 on Wednesday. The stock has a market cap of $46.56 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. The stock has a 50 day simple moving average of $143.26 and a 200 day simple moving average of $138.67. Kimberly-Clark Co. has a 1 year low of $116.63 and a 1 year high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter last year, the business earned $1.74 earnings per share. Kimberly-Clark’s revenue was down 3.5% on a year-over-year basis. On average, research analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.53%. Kimberly-Clark’s dividend payout ratio is 89.71%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

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.