Kimberly Clark Corp (KMB) Receives Average Recommendation of “Hold” from Analysts

Shares of Kimberly Clark Corp (NYSE:KMB) have been assigned a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $124.46.

Several research analysts have recently issued reports on KMB shares. JPMorgan Chase & Co. cut Kimberly Clark from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $115.55 to $100.00 in a research note on Friday, October 20th. Citigroup restated 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. Wells Fargo & Co reduced their price objective on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating for the company in a research note on Tuesday, October 24th. Bank of America reduced their price objective on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company 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.

In related news, insider Kimberly K. Underhill sold 23,158 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the sale, the insider now directly owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. San Francisco Sentry Investment Group CA grew its holdings in Kimberly Clark by 2,385.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock valued at $117,000 after purchasing an additional 954 shares during the period. Heritage Trust Co grew its holdings in Kimberly Clark by 11.2% in the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after purchasing an additional 100 shares during the period. Truewealth LLC acquired a new stake in Kimberly Clark in the fourth quarter valued at approximately $123,000. Shamrock Asset Management LLC grew its holdings in Kimberly Clark by 220.5% in the fourth quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock valued at $134,000 after purchasing an additional 763 shares during the period. Finally, Mosaic Family Wealth LLC grew its holdings in Kimberly Clark by 0.5% in the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after purchasing an additional 6 shares during the period. 71.69% of the stock is currently owned by institutional investors.

Kimberly Clark (NYSE:KMB) opened at $112.66 on Wednesday. Kimberly Clark has a 12 month low of $109.51 and a 12 month high of $136.21. The stock has a market capitalization of $39,864.79, a PE ratio of 18.25, a PEG ratio of 2.06 and a beta of 0.66. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 7.34.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.03. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The firm had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.61 billion. During the same period last year, the business posted $1.45 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. research analysts anticipate that Kimberly Clark will post 6.98 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.55%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, March 8th. Kimberly Clark’s dividend payout ratio (DPR) is 60.53%.

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Kimberly Clark 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.

Analyst Recommendations for Kimberly Clark (NYSE:KMB)

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