Shares of Kimberly Clark Corp (NYSE:KMB) have earned a consensus recommendation of “Hold” from the eighteen brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $124.46.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a research note on Wednesday, January 10th. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Societe Generale upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and lifted their price target for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Citigroup set a $112.00 price target on shares of Kimberly Clark and gave the stock a “sell” rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank assumed coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price target for the company.
Shares of Kimberly Clark (KMB) traded up $0.28 during trading on Wednesday, reaching $116.10. 2,013,600 shares of the company were exchanged, compared to its average volume of 2,807,545. Kimberly Clark has a one year low of $109.51 and a one year high of $136.21. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 7.34. The stock has a market capitalization of $40,717.00, a P/E ratio of 18.11, a P/E/G ratio of 2.10 and a beta of 0.66.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The company had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. analysts predict that Kimberly Clark will post 6.98 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Thursday, March 8th. This is an increase from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s payout ratio is currently 60.53%.
In other news, insider Kimberly K. Underhill sold 23,158 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the sale, the insider now owns 31,141 shares in the company, valued at approximately $3,729,757.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. San Francisco Sentry Investment Group CA increased its stake in Kimberly Clark by 2,385.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock valued at $117,000 after buying an additional 954 shares during the period. Truewealth LLC acquired a new position in Kimberly Clark in the 4th quarter valued at $123,000. Heritage Trust Co increased its stake in Kimberly Clark by 11.2% in the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after buying an additional 100 shares during the period. Shamrock Asset Management LLC increased its stake in Kimberly Clark by 220.5% in the 4th quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock valued at $134,000 after buying an additional 763 shares during the period. Finally, Mosaic Family Wealth LLC increased its stake in Kimberly Clark by 0.5% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after buying an additional 6 shares during the period. 72.97% of the stock is currently owned by institutional investors and hedge funds.
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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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