Kimberly-Clark Corp. (KMB) Given Average Recommendation of “Hold” by Analysts
Kimberly-Clark Corp. (NYSE:KMB) has received an average recommendation of “Hold” from the eleven brokerages that are presently covering the stock. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $133.88.
Several equities research analysts have recently weighed in on KMB shares. Zacks Investment Research upgraded shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price objective for the company in a research report on Tuesday, June 28th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $154.00 price objective on shares of Kimberly-Clark Corp. in a research report on Monday, September 12th. Deutsche Bank AG reiterated a “hold” rating and set a $132.00 price objective (up from $130.00) on shares of Kimberly-Clark Corp. in a research report on Sunday, July 24th. B. Riley reiterated a “neutral” rating and set a $124.00 price objective on shares of Kimberly-Clark Corp. in a research report on Sunday, July 31st. Finally, Citigroup Inc. increased their price objective on shares of Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th.
In other Kimberly-Clark Corp. news, SVP Lizanne C. Gottung sold 6,204 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $132.17, for a total value of $819,982.68. Following the transaction, the senior vice president now directly owns 11,797 shares of the company’s stock, valued at $1,559,209.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Thomas J. Falk sold 206,445 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $133.40, for a total transaction of $27,539,763.00. Following the completion of the transaction, the chairman now directly owns 125,574 shares in the company, valued at $16,751,571.60. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by company insiders.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in KMB. Compton Capital Management Inc. RI purchased a new position in Kimberly-Clark Corp. during the first quarter worth $210,000. IFP Advisors Inc raised 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 last quarter. Brick & Kyle Associates raised 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 last quarter. Parametrica Management Ltd purchased a new position in Kimberly-Clark Corp. during the first quarter worth $214,000. Finally, Pacad Investment Ltd. purchased a new position in Kimberly-Clark Corp. during the first quarter worth $417,000. 68.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 0.82% during midday trading on Tuesday, reaching $121.16. 939,246 shares of the company’s stock traded hands. The stock has a market cap of $43.57 billion, a P/E ratio of 22.47 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. The stock has a 50 day moving average of $125.51 and a 200-day moving average of $129.94.
Kimberly-Clark Corp. (NYSE:KMB) last released its quarterly earnings results on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.05. The firm earned $4.60 billion during the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corp. had a net margin of 10.70% and a return on equity of 815.72%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 earnings per share. On average, equities research analysts forecast that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio (DPR) is 68.40%.
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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