Traders sold shares of Kimberly Clark Corp (NYSE:KMB) on strength during trading hours on Wednesday. $40.29 million flowed into the stock on the tick-up and $93.10 million flowed out of the stock on the tick-down, for a money net flow of $52.81 million out of the stock. Of all equities tracked, Kimberly Clark had the 0th highest net out-flow for the day. Kimberly Clark traded up $0.99 for the day and closed at $117.39
A number of brokerages recently commented on KMB. Zacks Investment Research cut Kimberly Clark from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Citigroup cut Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective for the company. in a research note on Monday. Deutsche Bank began coverage on Kimberly Clark in a research note on Wednesday. They set a “hold” rating and a $121.00 price objective for the company. Bank of America decreased their target price on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, October 24th. Finally, Barclays reissued a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Three equities 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 company has a consensus rating of “Hold” and an average target price of $126.00.
The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. The company has a market capitalization of $41,292.79, a P/E ratio of 19.21, a PEG ratio of 3.05 and a beta of 0.76.
Kimberly Clark (NYSE:KMB) last posted its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. research analysts predict that Kimberly Clark Corp will post 6.2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be issued a $0.97 dividend. The ex-dividend date is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.31%. Kimberly Clark’s dividend payout ratio (DPR) is 64.03%.
Institutional investors have recently modified their holdings of the company. San Francisco Sentry Investment Group CA lifted its holdings in shares of Kimberly Clark by 2,385.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock valued at $117,000 after purchasing an additional 954 shares in the last quarter. Heritage Trust Co lifted its holdings in shares of Kimberly Clark by 11.2% in the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after purchasing an additional 100 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its holdings in shares of Kimberly Clark by 63.8% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after purchasing an additional 400 shares in the last quarter. Armbruster Capital Management Inc. lifted its holdings in shares of Kimberly Clark by 15.9% in the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after purchasing an additional 143 shares in the last quarter. Finally, Mosaic Family Wealth LLC raised its holdings in Kimberly Clark by 0.5% during the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after acquiring an additional 6 shares in the last quarter. Institutional investors 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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