Kimberly Clark (KMB) Stock Rating Lowered by Zacks Investment Research

Kimberly Clark (NYSE:KMB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

According to Zacks, “Kimberly-Clark has surpassed the industry in the past three months, owing to solid cost saving and restructuring efforts. The company has been aggressively cutting costs through its FORCE program. Moreover, for 2017, the company expects to generate sufficient cost savings from this program and thereby augment profitability. It has also been exiting lower-margin businesses and streamlining manufacturing activities to induce operational efficiencies. Further, Kimberly-Clark has been improving its brand position and market share through product innovation. The company is also well positioned overseas and has been consistently expanding in developing and emerging markets. However, Kimberly-Clark’s top-line has remained dismal since the past eight quarters, due to softness in North American consumer products and intense competition. Going ahead, the company anticipates performance to be hurt by higher input cost inflation.”

KMB has been the topic of a number of other reports. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and lifted their price objective for the company from $112.05 to $144.00 in a research note on Thursday, November 2nd. Deutsche Bank assumed coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective on the stock. Barclays reissued a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Citigroup reissued a “hold” rating and issued a $125.00 price objective (down from $131.00) on shares of Kimberly Clark in a research note on Tuesday, October 24th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $121.00 price objective on shares of Kimberly Clark in a research note on Friday, October 13th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $126.50.

Kimberly Clark (NYSE KMB) traded up $1.42 during midday trading on Monday, hitting $116.91. 2,451,367 shares of the stock were exchanged, compared to its average volume of 2,180,000. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. Kimberly Clark has a 52 week low of $109.67 and a 52 week high of $136.21. The firm has a market capitalization of $41,120.00, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.84 and a beta of 0.75.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the previous year, the business earned $1.52 earnings per share. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. research analysts predict that Kimberly Clark will post 6.2 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. San Francisco Sentry Investment Group CA grew its stake in shares of Kimberly Clark by 2,385.0% during the third 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 last quarter. Heritage Trust Co grew its stake in shares of Kimberly Clark by 11.2% during the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after buying an additional 100 shares during the last quarter. Armbruster Capital Management Inc. grew its stake in shares of Kimberly Clark by 15.9% during the second 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 last quarter. Shamrock Asset Management LLC grew its stake in shares of Kimberly Clark by 220.5% during the fourth quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock worth $134,000 after buying an additional 763 shares during the last quarter. Finally, Mosaic Family Wealth LLC grew its stake in shares of Kimberly Clark by 0.5% during the second 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 last quarter. 71.47% of the stock is currently owned by hedge funds and other 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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