Kimberly-Clark Corporation (KMB) Receives Average Rating of “Hold” from Analysts
Shares of Kimberly-Clark Corporation (NYSE:KMB) have earned an average recommendation of “Hold” from the nineteen ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $130.54.
Several analysts have commented on KMB shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $133.00 target price on shares of Kimberly-Clark Corporation in a research note on Wednesday, May 31st. Berenberg Bank started coverage on shares of Kimberly-Clark Corporation in a research note on Friday, June 9th. They issued a “hold” rating and a $136.00 target price for the company. Goldman Sachs Group, Inc. (The) set a $157.00 target price on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. BidaskClub raised shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, Citigroup Inc. set a $134.00 target price on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a research note on Friday, July 7th.
Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at 121.10 on Friday. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.21. The stock has a market capitalization of $42.78 billion, a price-to-earnings ratio of 20.22 and a beta of 0.78. The stock has a 50 day moving average price of $121.55 and a 200-day moving average price of $127.86.
Kimberly-Clark Corporation (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 Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.56 billion. During the same period last year, the company posted $1.53 EPS. The company’s revenue was down .7% on a year-over-year basis. On average, equities research analysts predict that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.
In related news, Director Robert W. Decherd bought 1,500 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $122.21 per share, with a total value of $183,315.00. Following the transaction, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.56% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Tortoise Investment Management LLC grew its position in shares of Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after buying an additional 34 shares during the last quarter. Acrospire Investment Management LLC grew its position in Kimberly-Clark Corporation by 125.0% in the 1st quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after purchasing an additional 500 shares during the last quarter. Armbruster Capital Management Inc. grew its position in Kimberly-Clark Corporation by 38.5% in the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after purchasing an additional 250 shares during the last quarter. Heritage Trust Co bought a new position in Kimberly-Clark Corporation in the 1st quarter worth about $118,000. Finally, V Wealth Management LLC bought a new position in Kimberly-Clark Corporation in the 2nd quarter worth about $123,000. 70.10% of the stock is owned by institutional investors and hedge funds.
Kimberly-Clark Corporation 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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