Investment analysts at Deutsche Bank initiated coverage on shares of Kimberly Clark (NYSE:KMB) in a note issued to investors on Wednesday, The Fly reports. The firm set a “hold” rating on the stock.
Other equities analysts also recently issued research reports about the stock. Societe Generale upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and increased their price target for the stock from $112.05 to $144.00 in a report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Royal Bank of Canada reiterated a “hold” rating and issued a $121.00 price target on shares of Kimberly Clark in a report on Friday, September 8th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $119.00 price objective on shares of Kimberly Clark in a research note on Thursday, September 7th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $126.36.
Kimberly Clark (KMB) traded up $0.99 on Wednesday, hitting $117.39. 2,334,791 shares of the stock traded hands, compared to its average volume of 1,820,337. Kimberly Clark has a 12-month low of $109.67 and a 12-month high of $136.21. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. The firm has a market capitalization of $41,679.72, a P/E ratio of 19.39, a P/E/G ratio of 3.08 and a beta of 0.76.
Several large investors have recently made changes to their positions in KMB. Dai Ichi Life Insurance Company Ltd lifted its holdings in Kimberly Clark by 13.0% in the 1st quarter. Dai Ichi Life Insurance Company Ltd now owns 80,412 shares of the company’s stock valued at $10,585,000 after purchasing an additional 9,261 shares in the last quarter. Blair William & Co. IL lifted its holdings in Kimberly Clark by 22.3% in the 1st quarter. Blair William & Co. IL now owns 126,525 shares of the company’s stock valued at $16,748,000 after purchasing an additional 23,104 shares in the last quarter. American International Group Inc. lifted its holdings in Kimberly Clark by 2.1% in the 1st quarter. American International Group Inc. now owns 167,974 shares of the company’s stock valued at $22,110,000 after purchasing an additional 3,425 shares in the last quarter. Noesis Capital Mangement Corp lifted its holdings in Kimberly Clark by 28.5% in the 1st quarter. Noesis Capital Mangement Corp now owns 3,490 shares of the company’s stock valued at $459,000 after purchasing an additional 773 shares in the last quarter. Finally, Kwmg LLC lifted its holdings in Kimberly Clark by 47.1% in the 1st quarter. Kwmg LLC now owns 11,624 shares of the company’s stock valued at $1,530,000 after purchasing an additional 3,721 shares in the last quarter. Hedge funds and other institutional investors own 71.61% of the company’s stock.
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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.
