Kimberly Clark Corp (KMB) Shares Bought by Commerce Bank

Commerce Bank boosted its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 3.7% during the first quarter, HoldingsChannel.com reports. The firm owned 223,047 shares of the company’s stock after purchasing an additional 7,855 shares during the quarter. Commerce Bank’s holdings in Kimberly Clark were worth $27,636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. increased its holdings in Kimberly Clark by 8.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 65,179 shares of the company’s stock valued at $8,076,000 after buying an additional 5,005 shares during the last quarter. Providence Capital Advisors LLC increased its holdings in Kimberly Clark by 2.7% during the first quarter. Providence Capital Advisors LLC now owns 9,321 shares of the company’s stock valued at $1,155,000 after buying an additional 241 shares during the last quarter. US Bancorp DE increased its holdings in Kimberly Clark by 1.1% during the first quarter. US Bancorp DE now owns 382,022 shares of the company’s stock valued at $47,332,000 after buying an additional 4,196 shares during the last quarter. HighPoint Advisor Group LLC increased its holdings in Kimberly Clark by 2.4% during the first quarter. HighPoint Advisor Group LLC now owns 6,554 shares of the company’s stock valued at $827,000 after buying an additional 151 shares during the last quarter. Finally, Keybank National Association OH increased its holdings in Kimberly Clark by 1.3% during the first quarter. Keybank National Association OH now owns 197,873 shares of the company’s stock valued at $24,516,000 after buying an additional 2,490 shares during the last quarter. Institutional investors own 73.60% of the company’s stock.

A number of analysts have commented on KMB shares. Morgan Stanley raised shares of Kimberly Clark from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $107.00 to $113.00 in a report on Thursday, January 24th. ValuEngine raised shares of Kimberly Clark from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Wells Fargo & Co upped their target price on shares of Kimberly Clark from $105.00 to $115.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. Macquarie raised shares of Kimberly Clark from a “neutral” rating to an “outperform” rating and upped their target price for the company from $102.00 to $142.00 in a report on Tuesday, April 23rd. Finally, Argus raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Tuesday, April 23rd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $120.24.

In related news, SVP Sandra Macquillan sold 5,385 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $126.15, for a total transaction of $679,317.75. Following the completion of the transaction, the senior vice president now directly owns 15,814 shares of the company’s stock, valued at $1,994,936.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas J. Falk sold 303,578 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $125.66, for a total transaction of $38,147,611.48. Following the transaction, the insider now directly owns 83,717 shares of the company’s stock, valued at $10,519,878.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 414,625 shares of company stock valued at $52,290,397. Corporate insiders own 0.85% of the company’s stock.

Shares of NYSE KMB opened at $130.08 on Wednesday. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.73 and a quick ratio of 0.47. The firm has a market capitalization of $44.33 billion, a PE ratio of 19.68, a PEG ratio of 3.76 and a beta of 0.61. Kimberly Clark Corp has a 1 year low of $99.36 and a 1 year high of $132.47.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Monday, April 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.12. The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Kimberly Clark had a net margin of 9.63% and a return on equity of 5,637.04%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.71 earnings per share. As a group, research analysts predict that Kimberly Clark Corp will post 6.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be paid a $1.03 dividend. The ex-dividend date is Thursday, June 6th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.17%. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.

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Kimberly Clark Company Profile

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

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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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