Assenagon Asset Management S.A. Grows Holdings in Kimberly-Clark Corporation $KMB

Assenagon Asset Management S.A. boosted its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 282.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,356 shares of the company’s stock after acquiring an additional 122,864 shares during the period. Assenagon Asset Management S.A.’s holdings in Kimberly-Clark were worth $16,784,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of KMB. Cloud Capital Management LLC bought a new stake in shares of Kimberly-Clark in the 3rd quarter worth approximately $25,000. True Wealth Design LLC increased its position in Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 135 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the second quarter valued at $27,000. Vermillion & White Wealth Management Group LLC raised its stake in Kimberly-Clark by 105.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock valued at $32,000 after buying an additional 127 shares during the last quarter. Finally, Investors Research Corp bought a new stake in Kimberly-Clark in the fourth quarter worth $33,000. Institutional investors own 76.29% of the company’s stock.

Insiders Place Their Bets

In other news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on KMB. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. UBS Group upped their price target on shares of Kimberly-Clark from $107.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. TD Cowen cut their price objective on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Wells Fargo & Company set a $110.00 price objective on shares of Kimberly-Clark in a research note on Tuesday, February 17th. Finally, Piper Sandler decreased their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $116.42.

Kimberly-Clark Trading Down 0.5%

Shares of NASDAQ:KMB opened at $98.85 on Friday. The stock’s 50-day simple moving average is $103.45 and its two-hundred day simple moving average is $108.37. The stock has a market capitalization of $32.81 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 3.53 and a beta of 0.24. Kimberly-Clark Corporation has a 52-week low of $96.26 and a 52-week high of $147.12. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.05. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.50 EPS. Analysts expect that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a $1.28 dividend. The ex-dividend date is Friday, March 6th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a yield of 5.2%. Kimberly-Clark’s payout ratio is 84.35%.

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.