Kimberly-Clark Corp. (KMB) Now Covered by Analysts at Atlantic Securities
Stock analysts at Atlantic Securities initiated coverage on shares of Kimberly-Clark Corp. (NYSE:KMB) in a research report issued to clients and investors on Monday. The firm set an “underweight” rating and a $124.00 price target on the stock. Atlantic Securities’ target price points to a potential upside of 0.80% from the company’s current price.
Other analysts also recently issued reports about the company. B. Riley restated a “neutral” rating and issued a $124.00 price target on shares of Kimberly-Clark Corp. in a research note on Tuesday, July 26th. Zacks Investment Research upgraded Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price target on the stock in a research note on Tuesday, June 28th. 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. Goldman Sachs Group Inc. restated a “conviction-buy” rating and issued a $156.00 price target (up from $152.00) on shares of Kimberly-Clark Corp. in a research note on Friday, July 15th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $132.00 price target (up from $130.00) on shares of Kimberly-Clark Corp. in a research note on Sunday, July 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Kimberly-Clark Corp. currently has a consensus rating of “Hold” and a consensus price target of $135.22.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 0.65% on Monday, hitting $122.21. The stock had a trading volume of 746,188 shares. The firm has a 50 day moving average of $125.64 and a 200 day moving average of $130.08. The stock has a market cap of $43.95 billion, a P/E ratio of 22.66 and a beta of 0.42. Kimberly-Clark Corp. has a 12 month low of $114.36 and a 12 month high of $138.87.
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Kimberly-Clark Corp. (NYSE:KMB) last released its earnings results on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.05. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 earnings per share. On average, equities analysts forecast that Kimberly-Clark Corp. will post $6.08 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th were issued a $0.92 dividend. The ex-dividend date 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 68.40%.
In other news, SVP Thomas J. Mielke sold 11,946 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $127.37, for a total value of $1,521,562.02. Following the completion of the transaction, the senior vice president now directly owns 33,557 shares of the company’s stock, valued at $4,274,155.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Thomas J. Falk sold 206,445 shares of the business’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $133.40, for a total value of $27,539,763.00. Following the completion of the transaction, the chairman now directly owns 125,574 shares of the company’s stock, valued at $16,751,571.60. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Compton Capital Management Inc. RI bought a new position in Kimberly-Clark Corp. during the first quarter worth $210,000. IFP Advisors Inc boosted its position in Kimberly-Clark Corp. by 29.1% in the first quarter. IFP Advisors Inc now owns 34,713 shares of the company’s stock worth $4,669,000 after buying an additional 7,823 shares during the period. Brick & Kyle Associates boosted its position in Kimberly-Clark Corp. by 306.0% in the first quarter. Brick & Kyle Associates now owns 22,125 shares of the company’s stock worth $2,976,000 after buying an additional 16,675 shares during the period. Parametrica Management Ltd bought a new position in Kimberly-Clark Corp. during the first quarter worth $214,000. Finally, Pacad Investment Ltd. bought a new position in Kimberly-Clark Corp. during the first quarter worth $417,000. 68.37% of the stock is owned by institutional investors.
About Kimberly-Clark Corp.
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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