Kimberly-Clark Corporation (NASDAQ:KMB) Given Consensus Rating of “Hold” by Brokerages

Shares of Kimberly-Clark Corporation (NASDAQ:KMB) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $129.80.

KMB has been the subject of several recent research reports. TD Cowen reduced their price target on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Morgan Stanley cut their target price on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. Royal Bank Of Canada reiterated an “overweight” rating and issued a $162.00 target price on shares of Kimberly-Clark in a research note on Tuesday, October 28th. Barclays set a $132.00 price target on shares of Kimberly-Clark in a research report on Monday, November 3rd. Finally, Citigroup cut their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a report on Thursday, October 9th.

Kimberly-Clark Trading Up 3.1%

NASDAQ KMB opened at $103.85 on Monday. Kimberly-Clark has a 1 year low of $99.22 and a 1 year high of $150.45. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.77 and a quick ratio of 0.56. The company has a market capitalization of $34.46 billion, a PE ratio of 14.30, a P/E/G ratio of 3.67 and a beta of 0.26. The company has a fifty day moving average of $121.10 and a 200 day moving average of $128.58.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The company’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $1.83 EPS. Research analysts forecast that Kimberly-Clark will post 7.5 earnings per share for the current year.

Hedge Funds Weigh In On Kimberly-Clark

A number of large investors have recently bought and sold shares of KMB. Investment Research & Advisory Group Inc. purchased a new position in Kimberly-Clark in the 2nd quarter worth approximately $25,000. Cloud Capital Management LLC purchased a new stake in shares of Kimberly-Clark in the third quarter valued at approximately $25,000. True Wealth Design LLC increased its holdings in shares of Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Princeton Global Asset Management LLC lifted its position in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after buying an additional 188 shares in the last quarter. Finally, Winnow Wealth LLC acquired a new position in Kimberly-Clark during the second quarter worth $27,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.