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

Shares of Kimberly-Clark Corporation (NASDAQ:KMB) have been given an average recommendation of “Hold” by the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $116.7857.

A number of analysts recently issued reports on the company. Barclays lowered their price target on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. UBS Group boosted their price objective on shares of Kimberly-Clark from $106.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday. Bank of America reduced their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Finally, Piper Sandler lifted their price target on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the transaction, the insider directly owned 8,362 shares in the company, valued at approximately $797,233.08. This represents a 16.03% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 7,096 shares of company stock valued at $689,687 in the last 90 days. Company insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Kimberly-Clark

Hedge funds have recently bought and sold shares of the business. Ballast Inc. lifted its position in shares of Kimberly-Clark by 42.4% during the second quarter. Ballast Inc. now owns 16,883 shares of the company’s stock worth $1,853,000 after purchasing an additional 5,029 shares during the last quarter. Northside Capital Management LLC bought a new position in shares of Kimberly-Clark in the second quarter worth about $207,000. Tema ETFs LLC grew its holdings in shares of Kimberly-Clark by 9.4% in the second quarter. Tema ETFs LLC now owns 6,730 shares of the company’s stock worth $739,000 after purchasing an additional 580 shares during the last quarter. Canvas Wealth Advisors LLC increased its stake in Kimberly-Clark by 186.5% in the 2nd quarter. Canvas Wealth Advisors LLC now owns 43,463 shares of the company’s stock worth $4,824,000 after buying an additional 28,291 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its stake in Kimberly-Clark by 17.0% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 7,365 shares of the company’s stock worth $808,000 after buying an additional 1,069 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

NASDAQ:KMB opened at $108.35 on Friday. The firm has a market capitalization of $35.97 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 4.85 and a beta of 0.26. Kimberly-Clark has a 1 year low of $92.42 and a 1 year high of $137.46. The business has a 50 day simple moving average of $103.19 and a 200-day simple moving average of $101.74. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.93 EPS. Equities analysts forecast that Kimberly-Clark will post 7.47 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a $1.28 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 80.38%.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.