Research analysts at Atlantic Securities began coverage on shares of Kimberly-Clark Corp. (NYSE:KMB) in a research note issued on Monday. The firm set an “underweight” rating on the stock.

A number of other brokerages also recently weighed in on KMB. Zacks Investment Research downgraded Kimberly-Clark Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 1st. Goldman Sachs Group Inc. reissued a “conviction-buy” rating and issued a $156.00 price objective (up from $152.00) on shares of Kimberly-Clark Corp. in a research note on Friday, July 15th. Deutsche Bank AG reissued a “hold” rating and issued a $132.00 price objective (up from $130.00) on shares of Kimberly-Clark Corp. in a research note on Sunday, July 24th. B. Riley reissued a “neutral” rating and issued a $124.00 price objective on shares of Kimberly-Clark Corp. in a research note on Tuesday, July 26th. Finally, Citigroup Inc. raised their price objective on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $136.63.

Analyst Recommendations for Kimberly-Clark Corp. (NYSE:KMB)

Kimberly-Clark Corp. (NYSE:KMB) opened at 123.01 on Monday. The company’s 50-day moving average price is $125.64 and its 200 day moving average price is $130.08. The company has a market capitalization of $44.24 billion, a PE ratio of 22.81 and a beta of 0.42. Kimberly-Clark Corp. has a 52 week low of $114.36 and a 52 week high of $138.87.

Kimberly-Clark Corp. (NYSE:KMB) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.05. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same period last year, the business earned $1.41 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Kimberly-Clark Corp. will post $6.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Wednesday, September 7th. Kimberly-Clark Corp.’s payout ratio is presently 68.40%.

In related news, insider Anthony J. Palmer sold 3,080 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the insider now owns 5,995 shares of the company’s stock, valued at approximately $779,350. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Lizanne C. Gottung sold 6,204 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $132.17, for a total value of $819,982.68. Following the completion of the sale, the senior vice president now directly owns 11,797 shares in the company, valued at approximately $1,559,209.49. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. James Investment Research Inc. raised its stake in shares of Kimberly-Clark Corp. by 3.6% in the second quarter. James Investment Research Inc. now owns 829 shares of the company’s stock valued at $114,000 after buying an additional 29 shares in the last quarter. Tortoise Investment Management LLC raised its stake in shares of Kimberly-Clark Corp. by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 842 shares of the company’s stock valued at $116,000 after buying an additional 42 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in shares of Kimberly-Clark Corp. by 50.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 4,496 shares of the company’s stock valued at $147,000 after buying an additional 1,513 shares in the last quarter. Hanson & Doremus Investment Management raised its stake in shares of Kimberly-Clark Corp. by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 1,145 shares of the company’s stock valued at $157,000 after buying an additional 10 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC raised its stake in shares of Kimberly-Clark Corp. by 21.0% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,210 shares of the company’s stock valued at $163,000 after buying an additional 210 shares in the last quarter. 68.37% of the stock is currently owned by institutional investors and hedge funds.

About Kimberly-Clark Corp.

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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.

5 Day Chart for NYSE:KMB

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