Equities researchers at Deutsche Bank assumed coverage on shares of Kimberly Clark (NYSE:KMB) in a research note issued on Wednesday. The brokerage set a “hold” rating on the stock.
KMB has been the topic of a number of other reports. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Bank of America decreased their price target on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. Citigroup cut Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price target on the stock. in a research note on Monday. Wells Fargo & Company decreased their price target on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 24th. Finally, Societe Generale upgraded Kimberly Clark from a “hold” rating to a “buy” rating and upped their price target for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. Kimberly Clark currently has an average rating of “Hold” and an average price target of $126.36.
Kimberly Clark (NYSE KMB) traded up $0.99 during trading hours on Wednesday, reaching $117.39. The company’s stock had a trading volume of 2,334,791 shares, compared to its average volume of 1,820,337. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. Kimberly Clark has a one year low of $109.67 and a one year high of $136.21. The firm has a market capitalization of $41,679.72, a PE ratio of 19.39, a price-to-earnings-growth ratio of 3.08 and a beta of 0.76.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. equities analysts predict that Kimberly Clark will post 6.2 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in KMB. Burgundy Asset Management Ltd. increased its holdings in Kimberly Clark by 0.4% in the third quarter. Burgundy Asset Management Ltd. now owns 471,621 shares of the company’s stock valued at $55,500,000 after buying an additional 2,049 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in Kimberly Clark by 375.0% in the third quarter. Chicago Partners Investment Group LLC now owns 1,900 shares of the company’s stock valued at $224,000 after buying an additional 1,500 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Kimberly Clark in the third quarter valued at $1,922,000. Smith Shellnut Wilson LLC ADV purchased a new position in Kimberly Clark in the third quarter valued at $287,000. Finally, Archford Capital Strategies LLC increased its holdings in Kimberly Clark by 7.6% in the third quarter. Archford Capital Strategies LLC now owns 13,344 shares of the company’s stock valued at $1,570,000 after buying an additional 947 shares during the last quarter. Institutional investors and hedge funds own 71.61% of the company’s stock.
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About Kimberly Clark
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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