Brokerages Set Kimberly-Clark Corp. (KMB) Target Price at $130.13
Shares of Kimberly-Clark Corp. (NYSE:KMB) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are covering the firm. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $130.13.
KMB has been the subject of a number of analyst reports. Deutsche Bank AG restated a “hold” rating and issued a $132.00 price target (up previously from $130.00) on shares of Kimberly-Clark Corp. in a report on Sunday, July 24th. Credit Agricole SA cut Kimberly-Clark Corp. from an “outperform” rating to an “underperform” rating in a research note on Wednesday, October 26th. Societe Generale reiterated a “buy” rating and set a $139.00 target price on shares of Kimberly-Clark Corp. in a research note on Thursday, October 27th. Zacks Investment Research cut Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. Finally, Wells Fargo & Co. reiterated a “market perform” rating on shares of Kimberly-Clark Corp. in a research note on Tuesday.
Shares of Kimberly-Clark Corp. (NYSE:KMB) opened at 112.36 on Tuesday. The firm has a 50-day moving average of $118.06 and a 200-day moving average of $126.62. Kimberly-Clark Corp. has a one year low of $111.30 and a one year high of $138.87. The stock has a market cap of $40.24 billion, a PE ratio of 20.43 and a beta of 0.61.
Kimberly-Clark Corp. (NYSE:KMB) last released its quarterly earnings results on Monday, October 24th. The company reported $1.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.54 by $0.02. The company earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Kimberly-Clark Corp. had a return on equity of 648.51% and a net margin of 10.96%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.51 EPS. On average, equities research analysts expect that Kimberly-Clark Corp. will post $6.00 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Friday, December 9th will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, December 7th. Kimberly-Clark Corp.’s dividend payout ratio is presently 67.03%.
In other Kimberly-Clark Corp. news, Director Robert W. Decherd purchased 2,000 shares of the stock in a transaction dated Thursday, October 27th. The shares were bought at an average cost of $113.59 per share, with a total value of $227,180.00. Following the completion of the acquisition, the director now owns 41,944 shares of the company’s stock, valued at $4,764,418.96. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, SVP Thomas J. Mielke sold 11,946 shares of the firm’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $127.37, for a total value of $1,521,562.02. Following the transaction, the senior vice president now directly owns 33,557 shares in the company, valued at $4,274,155.09. The disclosure for this sale can be found here. 0.58% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Kimberly-Clark Corp. by 2.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 701,970 shares of the company’s stock worth $88,546,000 after buying an additional 15,760 shares during the period. Water Island Capital LLC acquired a new position in shares of Kimberly-Clark Corp. during the third quarter worth approximately $886,000. Altfest L J & Co. Inc. raised its position in shares of Kimberly-Clark Corp. by 0.5% in the third quarter. Altfest L J & Co. Inc. now owns 12,608 shares of the company’s stock worth $1,590,000 after buying an additional 57 shares during the period. Somerville Kurt F acquired a new position in shares of Kimberly-Clark Corp. during the third quarter worth approximately $341,000. Finally, Cable Hill Partners LLC raised its position in shares of Kimberly-Clark Corp. by 53.5% in the third quarter. Cable Hill Partners LLC now owns 2,296 shares of the company’s stock worth $283,000 after buying an additional 800 shares during the period. 67.79% of the stock is currently owned by institutional investors.
Kimberly-Clark Corp. Company Profile
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.
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