Citigroup Inc. Trims Kimberly-Clark Corporation (KMB) Target Price to $124.00
Kimberly-Clark Corporation (NYSE:KMB) had its target price reduced by analysts at Citigroup Inc. from $125.00 to $124.00 in a research report issued on Friday. The brokerage presently has a “neutral” rating on the stock. Citigroup Inc.’s target price would suggest a potential upside of 10.31% from the company’s current price.
KMB has been the topic of several other reports. Bank of America Corporation reduced their price objective on Kimberly-Clark Corporation from $123.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday. Royal Bank Of Canada restated a “hold” rating and set a $121.00 price objective on shares of Kimberly-Clark Corporation in a research note on Friday, October 13th. Zacks Investment Research upgraded Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub lowered Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, J P Morgan Chase & Co lowered Kimberly-Clark Corporation from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $115.55 to $100.00 in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $127.14.
Kimberly-Clark Corporation (NYSE KMB) traded down 1.04% during mid-day trading on Friday, reaching $112.41. 2,461,298 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $117.23 and its 200-day moving average price is $124.39. Kimberly-Clark Corporation has a 52 week low of $110.33 and a 52 week high of $136.21. The company has a market capitalization of $39.71 billion, a P/E ratio of 18.77 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same period last year, the business posted $1.52 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
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In other Kimberly-Clark Corporation news, Director Robert W. Decherd purchased 1,500 shares of the stock in a transaction dated Thursday, August 3rd. The shares were bought at an average cost of $122.21 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Pax World Management LLC increased its holdings in shares of Kimberly-Clark Corporation by 7.7% during the second quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock valued at $359,000 after purchasing an additional 200 shares during the period. Boston Family Office LLC increased its holdings in shares of Kimberly-Clark Corporation by 0.8% during the second quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock valued at $1,496,000 after purchasing an additional 90 shares during the period. Legal & General Group Plc increased its holdings in shares of Kimberly-Clark Corporation by 3.7% during the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock valued at $252,551,000 after purchasing an additional 68,776 shares during the period. Strategy Asset Managers LLC increased its holdings in shares of Kimberly-Clark Corporation by 80.0% during the second quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock valued at $404,000 after purchasing an additional 1,390 shares during the period. Finally, Royce & Associates LP increased its holdings in shares of Kimberly-Clark Corporation by 55.7% during the first quarter. Royce & Associates LP now owns 31,300 shares of the company’s stock valued at $4,120,000 after purchasing an additional 11,200 shares during the period. 69.94% of the stock is currently owned by institutional investors.
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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