Kimberly-Clark Corporation (KMB) Given Hold Rating at Jefferies Group LLC
Jefferies Group LLC reiterated their hold rating on shares of Kimberly-Clark Corporation (NYSE:KMB) in a research report released on Thursday morning. The firm currently has a $119.00 price objective on the stock.
Several other research firms have also recently commented on KMB. Berenberg Bank reissued a hold rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. Citigroup Inc. set a $134.00 target price on Kimberly-Clark Corporation and gave the company a sell rating in a research note on Friday, July 7th. Royal Bank Of Canada reissued a sector perform rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Zacks Investment Research raised Kimberly-Clark Corporation from a sell rating to a hold rating in a research note on Thursday, August 24th. Finally, BidaskClub cut Kimberly-Clark Corporation from a buy rating to a hold rating in a research note on Saturday, July 1st. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the stock. Kimberly-Clark Corporation has a consensus rating of Hold and a consensus price target of $132.86.
Shares of Kimberly-Clark Corporation (NYSE KMB) traded down 1.67% during mid-day trading on Thursday, hitting $117.61. The stock had a trading volume of 984,022 shares. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The firm’s 50-day moving average price is $122.23 and its 200 day moving average price is $128.42. The stock has a market cap of $41.55 billion, a price-to-earnings ratio of 19.64 and a beta of 0.78.
Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.49. The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $1.53 EPS. Equities analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 annualized dividend and a yield of 3.24%. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd bought 1,500 shares of Kimberly-Clark Corporation stock in a transaction on Thursday, August 3rd. The shares were purchased at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the acquisition, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.56% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Tortoise Investment Management LLC lifted its holdings in Kimberly-Clark Corporation by 4.7% during the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after acquiring an additional 34 shares in the last quarter. Heritage Trust Co bought a new position in Kimberly-Clark Corporation during the first quarter worth about $118,000. Acrospire Investment Management LLC lifted its holdings in Kimberly-Clark Corporation by 125.0% during the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after acquiring an additional 500 shares in the last quarter. Armbruster Capital Management Inc. lifted its holdings in Kimberly-Clark Corporation by 38.5% during the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after acquiring an additional 250 shares in the last quarter. Finally, V Wealth Management LLC bought a new position in Kimberly-Clark Corporation during the second quarter worth about $123,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.
Kimberly-Clark Corporation 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’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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