Kimberly Clark (KMB) Downgraded by Citigroup
Kimberly Clark (NYSE:KMB) was downgraded by equities research analysts at Citigroup from a “neutral” rating to a “sell” rating in a research note issued to investors on Monday, Marketbeat.com reports. They currently have a $113.00 target price on the stock. Citigroup’s target price suggests a potential downside of 4.63% from the company’s current price.
A number of other equities research analysts have also commented on the stock. J P Morgan Chase & Co lowered shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $115.55 to $100.00 in a report on Friday, October 20th. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and raised their target price for the company from $112.05 to $144.00 in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Macquarie assumed coverage on shares of Kimberly Clark in a research report on Friday, September 15th. They issued a “neutral” rating and a $121.00 target price for the company. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $121.00 target price on shares of Kimberly Clark in a research report on Friday, September 8th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Kimberly Clark presently has an average rating of “Hold” and a consensus price target of $126.36.
Shares of Kimberly Clark (NYSE KMB) traded down $1.62 during trading hours on Monday, hitting $118.49. 2,048,851 shares of the company were exchanged, compared to its average volume of 1,817,306. Kimberly Clark has a fifty-two week low of $109.67 and a fifty-two week high of $136.21. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. The firm has a market capitalization of $42,250.00, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 3.12 and a beta of 0.76.
Institutional investors and hedge funds have recently made changes to their positions in the company. Martin Investment Management LLC bought a new position in shares of Kimberly Clark in the 2nd quarter valued at about $443,000. Pax World Management LLC grew its position in shares of Kimberly Clark by 7.7% in the 2nd quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock valued at $359,000 after acquiring an additional 200 shares during the period. Capital Research Global Investors boosted its holdings in shares of Kimberly Clark by 46.6% during the 2nd 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 during the period. Boston Family Office LLC boosted its holdings in shares of Kimberly Clark by 0.8% during the 2nd quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock worth $1,496,000 after buying an additional 90 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Kimberly Clark by 3.7% during the 1st quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after buying an additional 68,776 shares during the period. 71.61% of the stock is owned by institutional investors.
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About Kimberly Clark
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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