Kimberly Clark Corp (KMB) Receives New Coverage from Analysts at Macquarie
Macquarie initiated coverage on shares of Kimberly Clark Corp (NYSE:KMB) in a research report issued on Friday, MarketBeat.com reports. The firm set a “neutral” rating and a $121.00 price target on the stock. Macquarie’s target price would suggest a potential downside of 0.08% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. BidaskClub raised shares of Kimberly Clark Corp 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 objective on shares of Kimberly Clark Corp and gave the stock a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC reissued a “hold” rating and issued a $122.00 price objective (down previously from $133.00) on shares of Kimberly Clark Corp in a research note on Thursday, July 6th. Berenberg Bank started coverage on shares of Kimberly Clark Corp in a research note on Friday, June 9th. They issued a “hold” rating and a $136.00 price objective on the stock. Finally, Citigroup Inc. set a $132.00 price objective on shares of Kimberly Clark Corp and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $132.07.
Kimberly Clark Corp (NYSE:KMB) traded up 0.22% on Friday, hitting $121.10. The stock had a trading volume of 2,548,470 shares. The company’s 50 day moving average is $121.64 and its 200-day moving average is $127.95. Kimberly Clark Corp has a 1-year low of $111.30 and a 1-year high of $136.21. The firm has a market capitalization of $42.78 billion, a price-to-earnings ratio of 20.22 and a beta of 0.78.
Kimberly Clark Corp (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting the consensus estimate of $1.49. Kimberly Clark Corp had a net margin of 11.29% and a return on equity of 1,789.78%. The company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter in the previous year, the firm posted $1.53 earnings per share. Kimberly Clark Corp’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts forecast that Kimberly Clark Corp will post $6.21 EPS for the current year.
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In related news, Director Robert W. Decherd acquired 1,500 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the acquisition, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Burgundy Asset Management Ltd. raised its holdings in shares of Kimberly Clark Corp by 1.6% during the second quarter. Burgundy Asset Management Ltd. now owns 469,572 shares of the company’s stock valued at $60,626,000 after purchasing an additional 7,353 shares during the period. W. E. Donoghue & Co. LLC acquired a new position in shares of Kimberly Clark Corp during the second quarter valued at about $16,047,000. Intl Fcstone Inc. acquired a new position in shares of Kimberly Clark Corp during the second quarter valued at about $1,946,000. M Holdings Securities Inc. acquired a new position in shares of Kimberly Clark Corp during the second quarter valued at about $248,000. Finally, Griffin Asset Management Inc. acquired a new position in shares of Kimberly Clark Corp during the second quarter valued at about $2,022,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.
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’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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