Kimberly-Clark Corporation (KMB) Given Neutral Rating at Citigroup Inc.
Kimberly-Clark Corporation (NYSE:KMB)‘s stock had its “neutral” rating reiterated by equities research analysts at Citigroup Inc. in a report released on Friday, Marketbeat.com reports. They presently have a $131.00 price target on the stock, down from their prior price target of $132.00. Citigroup Inc.’s price objective suggests a potential upside of 8.59% from the stock’s current price.
KMB has been the topic of a number of other reports. B. Riley reiterated a “neutral” rating and set a $128.00 price target on shares of Kimberly-Clark Corporation in a research note on Sunday, April 23rd. BidaskClub upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price target on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC assumed coverage on shares of Kimberly-Clark Corporation in a research report on Tuesday, April 18th. They set a “hold” rating and a $134.00 target price on the stock. Finally, UBS AG restated a “neutral” rating and set a $119.00 target price (down from $120.00) on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and a consensus target price of $133.07.
Shares of Kimberly-Clark Corporation (NYSE KMB) traded up 0.7163% during midday trading on Friday, reaching $121.5041. The company’s stock had a trading volume of 94,959 shares. The company has a 50 day moving average of $125.09 and a 200-day moving average of $128.50. The stock has a market capitalization of $42.93 billion, a price-to-earnings ratio of 20.2879 and a beta of 0.76. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same period in the previous year, the business posted $1.53 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. Equities research analysts predict that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.
In other news, SVP Thomas J. Mielke sold 20,108 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $128.11, for a total value of $2,576,035.88. Following the sale, the senior vice president now directly owns 23,543 shares in the company, valued at $3,016,093.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sergio Cruz sold 7,078 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total transaction of $920,210.78. Following the completion of the sale, the insider now owns 4,910 shares in the company, valued at $638,349.10. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in KMB. Macquarie Group Ltd. raised its stake in Kimberly-Clark Corporation by 16.8% in the fourth quarter. Macquarie Group Ltd. now owns 121,083 shares of the company’s stock valued at $13,818,000 after buying an additional 17,400 shares in the last quarter. GW&K Investment Management LLC raised its stake in Kimberly-Clark Corporation by 3.0% in the first quarter. GW&K Investment Management LLC now owns 7,509 shares of the company’s stock valued at $988,000 after buying an additional 217 shares in the last quarter. National Pension Service raised its stake in Kimberly-Clark Corporation by 4.0% in the first quarter. National Pension Service now owns 254,293 shares of the company’s stock valued at $33,628,000 after buying an additional 9,760 shares in the last quarter. Univest Corp of Pennsylvania raised its stake in Kimberly-Clark Corporation by 2.6% in the first quarter. Univest Corp of Pennsylvania now owns 27,751 shares of the company’s stock valued at $3,653,000 after buying an additional 696 shares in the last quarter. Finally, Pennsylvania Trust Co raised its stake in Kimberly-Clark Corporation by 2.1% in the first quarter. Pennsylvania Trust Co now owns 34,005 shares of the company’s stock valued at $4,476,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 70.15% of the company’s stock.
About Kimberly-Clark Corporation
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. 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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