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.
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