Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by Commerce Bank

Commerce Bank lifted its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 8.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,238 shares of the company's stock after acquiring 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 reporting period.

Several other hedge funds also recently made changes to their positions in KMB. Vest Financial LLC grew its stake in Kimberly-Clark by 6.5% during the third quarter. Vest Financial LLC now owns 347,269 shares of the company's stock valued at $49,409,000 after acquiring an additional 21,339 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Kimberly-Clark in the second quarter worth $14,751,000. Swedbank AB boosted its stake in Kimberly-Clark by 4.0% during the second quarter. Swedbank AB now owns 166,108 shares of the company's stock valued at $22,956,000 after buying an additional 6,392 shares during the period. PGGM Investments grew its position in Kimberly-Clark by 84.6% during the second quarter. PGGM Investments now owns 25,927 shares of the company's stock worth $3,583,000 after buying an additional 11,882 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its stake in Kimberly-Clark by 107.8% in the 1st quarter. CreativeOne Wealth LLC now owns 12,129 shares of the company's stock worth $1,569,000 after acquiring an additional 6,293 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KMB. Barclays lifted their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an "equal weight" rating in a research report on Friday, October 11th. Wells Fargo & Company dropped their price target 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. Deutsche Bank Aktiengesellschaft increased their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a research report on Tuesday, October 8th. Royal Bank of Canada restated an "outperform" rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Finally, Argus upgraded shares of Kimberly-Clark to a "hold" rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $149.93.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $136.37 on Thursday. The company has a market cap of $45.48 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.85 and a beta of 0.40. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The stock's 50 day simple moving average is $138.92 and its two-hundred day simple moving average is $139.13. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the previous year, the company posted $1.74 EPS. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.58%. Kimberly-Clark's dividend payout ratio (DPR) is currently 63.29%.

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.