Kimberly-Clark Corporation $KMB Position Raised by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 9.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 181,889 shares of the company’s stock after acquiring an additional 15,533 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Kimberly-Clark were worth $17,547,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Keudell Morrison Wealth Management increased its holdings in shares of Kimberly-Clark by 24.5% in the 1st quarter. Keudell Morrison Wealth Management now owns 3,576 shares of the company’s stock worth $345,000 after acquiring an additional 704 shares during the period. CENTRAL TRUST Co boosted its stake in Kimberly-Clark by 5.9% during the 1st quarter. CENTRAL TRUST Co now owns 48,256 shares of the company’s stock valued at $4,656,000 after purchasing an additional 2,683 shares during the period. Cidel Asset Management Inc. boosted its stake in Kimberly-Clark by 29.8% during the 1st quarter. Cidel Asset Management Inc. now owns 2,680 shares of the company’s stock valued at $258,000 after purchasing an additional 616 shares during the period. First City Capital Management Inc. grew its position in Kimberly-Clark by 9.1% in the 1st quarter. First City Capital Management Inc. now owns 3,696 shares of the company’s stock worth $357,000 after purchasing an additional 307 shares during the last quarter. Finally, Sovereign Financial Group Inc. increased its stake in shares of Kimberly-Clark by 2.1% in the first quarter. Sovereign Financial Group Inc. now owns 10,787 shares of the company’s stock valued at $1,041,000 after purchasing an additional 226 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $109.37 on Friday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $137.46. The stock has a market cap of $36.30 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 4.90 and a beta of 0.28. The stock’s 50 day moving average price is $99.34 and its 200 day moving average price is $100.79. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the company posted $1.93 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 80.38%.

Insider Activity

In related news, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 7,096 shares of company stock valued at $689,687 in the last ninety days. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KMB. Bank of America cut their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Wednesday. Wells Fargo & Company reduced their price target on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Finally, Piper Sandler increased their price target on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $115.43.

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.