Kimberly-Clark Corporation (KMB) Now Covered by Analysts at Macquarie

Macquarie began coverage on shares of Kimberly-Clark Corporation (NYSE:KMB) in a research report sent to investors on Friday. The brokerage issued a neutral rating and a $121.00 target price on the stock.

A number of other research firms have also commented on KMB. Berenberg Bank restated a hold rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Citigroup Inc. set a $134.00 price target on Kimberly-Clark Corporation and gave the stock a sell rating in a research report on Friday, July 7th. Royal Bank Of Canada restated a sector perform rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Zacks Investment Research raised Kimberly-Clark Corporation from a sell rating to a hold rating in a report on Thursday, August 24th. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $119.00 price objective on shares of Kimberly-Clark Corporation in a report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $132.07.

Shares of Kimberly-Clark Corporation (NYSE:KMB) traded up 0.22% during mid-day trading on Friday, reaching $121.10. The company’s stock had a trading volume of 2,548,470 shares. The firm has a market capitalization of $42.78 billion, a P/E ratio of 20.22 and a beta of 0.78. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21. The company has a 50 day moving average of $121.55 and a 200-day moving average of $127.86.

Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.49. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. Kimberly-Clark Corporation’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the company earned $1.53 EPS. Equities research analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is currently 64.88%.

In related news, Director Robert W. Decherd purchased 1,500 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were bought at an average price of $122.21 per share, with a total value of $183,315.00. Following the purchase, the director now directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

Several hedge funds have recently bought and sold shares of KMB. Capital Research Global Investors lifted its stake in shares of Kimberly-Clark Corporation by 46.6% in the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after purchasing an additional 3,191,549 shares during the period. Janus Henderson Group PLC raised its stake in Kimberly-Clark Corporation by 5,178.3% during the 2nd quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock worth $319,676,000 after buying an additional 2,429,085 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Kimberly-Clark Corporation by 305.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock worth $259,496,000 after buying an additional 1,514,722 shares during the period. APG Asset Management N.V. raised its stake in Kimberly-Clark Corporation by 85.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock worth $260,563,000 after buying an additional 929,300 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Kimberly-Clark Corporation during the 1st quarter worth $93,657,000. 70.10% of the stock is currently owned by institutional investors.

About Kimberly-Clark Corporation

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 Corporation (NYSE:KMB)

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