Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Kimberly-Clark from a hold rating to a buy rating and set a $120.00 price target for the company in a report on Tuesday, April 3rd. Barclays set a $119.00 price target on shares of Kimberly-Clark and gave the company a hold rating in a report on Thursday, March 15th. Finally, Citigroup set a $112.00 price target on shares of Kimberly-Clark and gave the company a sell rating in a report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $123.07.
Shares of Kimberly-Clark stock traded down $2.70 on Thursday, hitting $100.64. The company had a trading volume of 1,716,036 shares, compared to its average volume of 2,410,506. The stock has a market capitalization of $37,360.74, a PE ratio of 16.59, a price-to-earnings-growth ratio of 2.04 and a beta of 0.66. Kimberly-Clark has a twelve month low of $100.57 and a twelve month high of $134.29. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 7.34.
Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.03. The company had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Kimberly-Clark had a net margin of 12.48% and a return on equity of 427.79%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.45 earnings per share. equities analysts anticipate that Kimberly-Clark will post 6.96 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Friday, March 9th were issued a dividend of $1.00 per share. This is a boost from Kimberly-Clark’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $4.00 annualized dividend and a yield of 3.97%. Kimberly-Clark’s dividend payout ratio is presently 64.21%.
In related news, insider Kimberly K. Underhill sold 23,158 shares of the stock in a transaction 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 transaction, the insider now owns 31,141 shares in the company, valued at $3,729,757.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.64% of the company’s stock.
A number of hedge funds have recently made changes to their positions in KMB. American International Group Inc. lifted its stake in Kimberly-Clark by 2,507.7% in the fourth quarter. American International Group Inc. now owns 4,397,893 shares of the company’s stock valued at $530,650,000 after acquiring an additional 4,229,240 shares during the last quarter. BlackRock Inc. lifted its stake in Kimberly-Clark by 4.9% in the fourth quarter. BlackRock Inc. now owns 25,795,326 shares of the company’s stock valued at $3,112,464,000 after acquiring an additional 1,212,672 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Kimberly-Clark by 94.1% in the fourth quarter. Two Sigma Advisers LP now owns 2,050,420 shares of the company’s stock valued at $247,404,000 after acquiring an additional 993,961 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Kimberly-Clark in the fourth quarter valued at $117,456,000. Finally, Stifel Financial Corp lifted its stake in Kimberly-Clark by 29,110.9% in the third quarter. Stifel Financial Corp now owns 778,470 shares of the company’s stock valued at $91,647,000 after acquiring an additional 775,805 shares during the last quarter. Hedge funds and other institutional investors own 74.60% of the company’s stock.
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Kimberly-Clark Company Profile
Kimberly-Clark Corp. is engaged in the manufacturing and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment manufactures and markets disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
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