Kimberly-Clark Corporation (NYSE:KMB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, October 26th.
According to Zacks, “Kimberly-Clark’s shares have declined in the last six months due to lower-than-expected top-line performance, softness in North American consumer products and higher competitive activity. Recently, the company reported third-quarter 2017 financial numbers wherein earnings surpassed the Zacks Consensus Estimate but sales lagged the same for the eighth straight quarter. However, the company is well positioned overseas and has been consistently expanding in developing and emerging markets. In third-quarter 2017, organic sales in emerging markets increased 3%. The company’s higher cost savings, continued product innovation, strong international presence have been the catalysts, and are expected to drive growth. Meanwhile, the company also anticipates performance to be hurt by higher input cost inflation. Further, increased competitive activity has also been hurting Kimberly-Clark’s diaper segment sales.”
Several other analysts have also weighed in on the stock. Berenberg Bank reiterated a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Citigroup Inc. set a $132.00 target price on shares of Kimberly-Clark Corporation and gave the company a “hold” rating in a research report on Wednesday, July 26th. Jefferies Group LLC reiterated a “hold” rating and set a $122.00 target price (down from $133.00) on shares of Kimberly-Clark Corporation in a research report on Thursday, July 6th. BidaskClub lowered shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $127.14.
Kimberly-Clark Corporation (NYSE:KMB) opened at $114.14 on Thursday. The firm has a market cap of $40,149.58, a price-to-earnings ratio of 18.68, a PEG ratio of 2.97 and a beta of 0.74. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. Kimberly-Clark Corporation has a twelve month low of $109.67 and a twelve month high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last announced its earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.54 by $0.06. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 EPS. sell-side analysts forecast that Kimberly-Clark Corporation will post 6.2 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its stake in shares of Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after buying an additional 34 shares during the last quarter. Acrospire Investment Management LLC boosted its position in Kimberly-Clark Corporation by 125.0% during the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after purchasing an additional 500 shares in the last quarter. Armbruster Capital Management Inc. boosted its position in Kimberly-Clark Corporation by 38.5% during the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after purchasing an additional 250 shares in the last quarter. Heritage Trust Co purchased a new position in Kimberly-Clark Corporation during the first quarter worth approximately $118,000. Finally, V Wealth Management LLC purchased a new position in Kimberly-Clark Corporation during the second quarter worth approximately $123,000. 70.40% of the stock is owned by hedge funds and other 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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