Deutsche Bank AG Reduces Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Deutsche Bank AG cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 12.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,308,438 shares of the company’s stock after selling 192,448 shares during the period. Deutsche Bank AG owned approximately 0.39% of Kimberly-Clark worth $175,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC acquired a new position in Kimberly-Clark in the second quarter valued at approximately $27,000. Certified Advisory Corp acquired a new position in Kimberly-Clark in the first quarter valued at approximately $29,000. SRS Capital Advisors Inc. acquired a new position in Kimberly-Clark during the second quarter worth $36,000. Meridian Wealth Partners LLC lifted its stake in Kimberly-Clark by 67.9% during the first quarter. Meridian Wealth Partners LLC now owns 314 shares of the company’s stock worth $43,000 after purchasing an additional 127 shares in the last quarter. Finally, Rockbridge Investment Management LCC lifted its stake in Kimberly-Clark by 45.3% during the second quarter. Rockbridge Investment Management LCC now owns 481 shares of the company’s stock worth $64,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 71.37% of the company’s stock.

Shares of KMB stock opened at $133.44 on Thursday. Kimberly-Clark Co. has a 1 year low of $128.02 and a 1 year high of $155.45. The firm has a market cap of $44.94 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 4.07 and a beta of 0.54. The stock’s 50-day moving average is $136.64 and its two-hundred day moving average is $134.79. The company has a debt-to-equity ratio of 10.01, a quick ratio of 0.48 and a current ratio of 0.77.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Thursday, July 22nd. The company reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.24). The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.77 billion. Kimberly-Clark had a return on equity of 308.07% and a net margin of 10.53%. Kimberly-Clark’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted $2.20 EPS. As a group, research analysts predict that Kimberly-Clark Co. will post 6.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 4th. Investors of record on Friday, September 10th will be given a $1.14 dividend. The ex-dividend date of this dividend is Thursday, September 9th. This represents a $4.56 dividend on an annualized basis and a yield of 3.42%. Kimberly-Clark’s payout ratio is currently 58.91%.

A number of research analysts have commented on KMB shares. HSBC started coverage on Kimberly-Clark in a research note on Thursday, September 9th. They set a “hold” rating and a $131.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their price target on Kimberly-Clark from $137.00 to $139.00 and gave the stock a “hold” rating in a research note on Friday, July 9th. Jefferies Financial Group upped their price objective on Kimberly-Clark from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, July 19th. Zacks Investment Research raised Kimberly-Clark from a “sell” rating to a “hold” rating and set a $141.00 price objective on the stock in a research report on Monday, June 28th. Finally, UBS Group initiated coverage on Kimberly-Clark in a research report on Wednesday, June 23rd. They set a “neutral” rating and a $135.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $141.67.

In other Kimberly-Clark news, insider Aaron Powell sold 29,534 shares of Kimberly-Clark stock in a transaction that occurred on Tuesday, August 17th. The shares were sold at an average price of $139.51, for a total value of $4,120,288.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kimberly K. Underhill sold 19,018 shares of Kimberly-Clark stock in a transaction on Monday, July 26th. The shares were sold at an average price of $135.84, for a total transaction of $2,583,405.12. Following the completion of the transaction, the insider now owns 62,042 shares in the company, valued at approximately $8,427,785.28. The disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.

Kimberly-Clark Company Profile

Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional (KCP). The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.

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

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