Atlantic Securities Begins Coverage on Kimberly-Clark Corp. (KMB)
Equities research analysts at Atlantic Securities initiated coverage on shares of Kimberly-Clark Corp. (NYSE:KMB) in a research note issued to investors on Monday, The Fly reports. The firm set an “underweight” rating on the stock.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and set a $156.00 price target (up previously from $152.00) on shares of Kimberly-Clark Corp. in a research note on Friday, July 15th. Deutsche Bank AG reiterated a “hold” rating and set a $132.00 price target (up previously from $130.00) on shares of Kimberly-Clark Corp. in a research note on Sunday, July 24th. Citigroup Inc. lifted their price target on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Finally, B. Riley reiterated a “neutral” rating and set a $124.00 price target on shares of Kimberly-Clark Corp. in a research note on Sunday, July 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $136.63.
Shares of Kimberly-Clark Corp. (NYSE:KMB) opened at 123.01 on Monday. Kimberly-Clark Corp. has a 12-month low of $114.36 and a 12-month high of $138.87. The company has a 50-day moving average price of $125.64 and a 200-day moving average price of $130.08. The company has a market cap of $44.24 billion, a P/E ratio of 22.81 and a beta of 0.42.
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Kimberly-Clark Corp. (NYSE:KMB) last issued its earnings results on Monday, July 25th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.05. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The business earned $4.60 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same period in the previous year, the company posted $1.41 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. On average, analysts predict that Kimberly-Clark Corp. will post $6.08 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Friday, September 9th were issued a $0.92 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.99%. Kimberly-Clark Corp.’s dividend payout ratio (DPR) is presently 68.40%.
In other Kimberly-Clark Corp. news, SVP Lizanne C. Gottung sold 12,407 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $129.93, for a total transaction of $1,612,041.51. Following the sale, the senior vice president now owns 18,000 shares of the company’s stock, valued at approximately $2,338,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Thomas J. Mielke sold 11,946 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $127.37, for a total transaction of $1,521,562.02. Following the sale, the senior vice president now directly owns 33,557 shares in the company, valued at approximately $4,274,155.09. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Stratos Wealth Partners LTD. boosted its stake in shares of Kimberly-Clark Corp. by 32.5% in the first quarter. Stratos Wealth Partners LTD. now owns 21,484 shares of the company’s stock worth $2,890,000 after buying an additional 5,275 shares during the last quarter. Teachers Advisors Inc. boosted its stake in shares of Kimberly-Clark Corp. by 21.3% in the first quarter. Teachers Advisors Inc. now owns 581,205 shares of the company’s stock worth $78,178,000 after buying an additional 102,035 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Kimberly-Clark Corp. by 14.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,930,162 shares of the company’s stock worth $259,626,000 after buying an additional 250,743 shares during the last quarter. Ngam Advisors L.P. boosted its stake in shares of Kimberly-Clark Corp. by 31.5% in the first quarter. Ngam Advisors L.P. now owns 36,962 shares of the company’s stock worth $4,972,000 after buying an additional 8,850 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Kimberly-Clark Corp. by 37.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 294,070 shares of the company’s stock worth $39,555,000 after buying an additional 80,685 shares during the last quarter. 68.37% of the stock is currently owned by institutional investors and hedge funds.
Kimberly-Clark Corp. Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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