Commerce Bank Raises Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Commerce Bank raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 8.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 102,238 shares of the company’s stock after buying an additional 7,955 shares during the period. Commerce Bank’s holdings in Kimberly-Clark were worth $14,546,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark during the 2nd quarter valued at about $26,000. New Millennium Group LLC purchased a new position in shares of Kimberly-Clark during the 2nd quarter valued at about $28,000. Crewe Advisors LLC purchased a new position in shares of Kimberly-Clark during the 1st quarter valued at about $27,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares during the last quarter. Finally, Kennebec Savings Bank purchased a new position in shares of Kimberly-Clark during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.6 %

Shares of NYSE KMB opened at $136.37 on Thursday. The stock has a market cap of $45.48 billion, a P/E ratio of 17.69, a PEG ratio of 2.81 and a beta of 0.40. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The business’s fifty day simple moving average is $138.92 and its 200-day simple moving average is $139.13.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $1.74 earnings per share. As a group, equities analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. UBS Group cut their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Wells Fargo & Company cut their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, Barclays boosted their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $149.93.

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.