Kimberly-Clark Corporation (KMB) Raised to Hold at Zacks Investment Research
Kimberly-Clark Corporation (NYSE:KMB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.
According to Zacks, “Kimberly-Clark’s shares have lagged the industry in the last six months due to lower-than-expected top-line performance, softness in North American consumer products and higher competitive activity. Recently, the company reported third-quarter 2017 financial numbers wherein earnings surpassed the Zacks Consensus Estimate but sales lagged the same for the eighth straight quarter. However, the company is well positioned overseas and has been consistently expanding in developing and emerging markets. In third-quarter 2017, organic sales in emerging markets increased 3%. The company’s higher cost savings, continued product innovation, strong international presence have been the catalysts, and are expected to drive growth. Meanwhile, the company also anticipates performance to be hurt by higher input cost inflation. Further, increased competitive activity has also been hurting Kimberly-Clark’s diaper segment sales.”
Several other equities analysts have also weighed in on the stock. J P Morgan Chase & Co lowered shares of Kimberly-Clark Corporation from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $115.55 to $100.00 in a research report on Friday, October 20th. Macquarie started coverage on shares of Kimberly-Clark Corporation in a research report on Friday, September 15th. They issued a “neutral” rating and a $121.00 price objective on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a research report on Friday, September 8th. BidaskClub lowered shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, UBS AG reissued a “neutral” rating and issued a $119.00 price objective (down from $120.00) on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $126.21.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 earnings per share.
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Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Kimberly-Clark Corporation by 2.8% during the second quarter. Vanguard Group Inc. now owns 25,395,093 shares of the company’s stock worth $3,491,317,000 after buying an additional 695,252 shares in the last quarter. State Street Corp grew its stake in Kimberly-Clark Corporation by 1.3% during the first quarter. State Street Corp now owns 17,653,917 shares of the company’s stock worth $2,323,785,000 after buying an additional 225,993 shares in the last quarter. BlackRock Institutional Trust Company N.A. grew its stake in Kimberly-Clark Corporation by 1.9% during the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,464,788 shares of the company’s stock worth $1,320,028,000 after buying an additional 191,972 shares in the last quarter. Capital Research Global Investors grew its stake in Kimberly-Clark Corporation by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after buying an additional 3,191,549 shares in the last quarter. Finally, BlackRock Fund Advisors grew its stake in Kimberly-Clark Corporation by 2.9% during the third quarter. BlackRock Fund Advisors now owns 8,062,838 shares of the company’s stock worth $1,017,046,000 after buying an additional 224,479 shares in the last quarter. Institutional investors and hedge funds own 70.49% of the company’s stock.
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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