Kimberly Clark Corp (NYSE:KMB) has been assigned an average recommendation of “Hold” from the eighteen analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $125.21.
Several equities research analysts have commented on KMB shares. Societe Generale upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and increased their price objective for the company from $112.05 to $144.00 in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a research note on Wednesday, January 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $121.00 price objective on shares of Kimberly Clark in a research note on Friday, October 13th. Citigroup reiterated a “hold” rating and issued a $125.00 price objective (down previously from $131.00) on shares of Kimberly Clark in a research note on Tuesday, October 24th. Finally, Barclays restated a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th.
Shares of Kimberly Clark (KMB) opened at $115.49 on Friday. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. The company has a market cap of $40,571.69, a PE ratio of 18.88, a price-to-earnings-growth ratio of 2.83 and a beta of 0.75. Kimberly Clark has a one year low of $109.67 and a one year high of $136.21.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.36%. Kimberly Clark’s payout ratio is currently 64.03%.
Several hedge funds have recently modified their holdings of KMB. San Francisco Sentry Investment Group CA boosted its holdings in Kimberly Clark by 2,385.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock worth $117,000 after buying an additional 954 shares during the period. Heritage Trust Co boosted its holdings in Kimberly Clark by 11.2% in the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after buying an additional 100 shares during the period. Armbruster Capital Management Inc. boosted its holdings in Kimberly Clark by 15.9% in the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after buying an additional 143 shares during the period. Mosaic Family Wealth LLC boosted its holdings in Kimberly Clark by 0.5% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after buying an additional 6 shares during the period. Finally, Acrospire Investment Management LLC boosted its holdings in Kimberly Clark by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $155,000 after buying an additional 300 shares during the period. Institutional investors own 71.46% of the company’s stock.
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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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