Kimberly-Clark Corporation (KMB) Downgraded to Sell at Zacks Investment Research
Zacks Investment Research downgraded shares of Kimberly-Clark Corporation (NYSE:KMB) from a hold rating to a sell rating in a research report released on Monday.
According to Zacks, “Kimberly-Clark’s shares have declined in the last six months owing to lower net selling prices, softness in North American consumer products, higher competitive activity and less promotion shipments. Kimberly-Clark has been witnessing slower organic sales growth, due to highly competitive promotional activity since past many quarters. The company also anticipates its performance to be hurt by higher input cost inflation for several raw materials, including pulp, during 2017. Further, increased competitive activity has also been hurting Kimberly-Clark’s diaper segment sales. A difficult economic environment in Latin America also remains a concern. Consequently, management anticipated soft earnings projection for 2017. Nevertheless, the company’s higher cost savings, continued product innovation, strong international presence have been the positive catalysts, which are expected to drive growth.”
A number of other research analysts have also commented on the company. Royal Bank Of Canada restated a hold rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a research note on Friday. Macquarie began coverage on Kimberly-Clark Corporation in a research note on Friday, September 15th. They issued a neutral rating and a $121.00 target price for the company. Jefferies Group LLC restated a hold rating and issued a $119.00 target price on shares of Kimberly-Clark Corporation in a research note on Thursday, September 7th. Citigroup Inc. restated a neutral rating and issued a $131.00 target price (down from $132.00) on shares of Kimberly-Clark Corporation in a research note on Friday, August 11th. Finally, BidaskClub lowered Kimberly-Clark Corporation from a sell rating to a strong sell rating in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. Kimberly-Clark Corporation has a consensus rating of Hold and an average price target of $131.46.
Kimberly-Clark Corporation (NYSE KMB) opened at 118.22 on Monday. The firm has a 50-day moving average of $119.14 and a 200-day moving average of $125.52. The firm has a market cap of $41.77 billion, a P/E ratio of 19.74 and a beta of 0.76. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last issued its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting analysts’ consensus estimates of $1.49. The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. Kimberly-Clark Corporation’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 earnings per share. On average, analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is presently 64.88%.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd bought 1,500 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were bought at an average price 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 of the company’s stock, valued at $5,309,291.24. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Kimberly-Clark Corporation by 2.2% during the second quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after purchasing an additional 537,794 shares during the last quarter. State Street Corp grew its holdings in shares of Kimberly-Clark Corporation by 1.3% during the first quarter. State Street Corp now owns 17,653,917 shares of the company’s stock worth $2,323,785,000 after purchasing an additional 225,993 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Kimberly-Clark Corporation by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after purchasing an additional 3,191,549 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Kimberly-Clark Corporation by 3.3% during the second quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock worth $731,643,000 after purchasing an additional 181,517 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Kimberly-Clark Corporation by 5.1% during the first quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock worth $566,053,000 after purchasing an additional 207,316 shares during the last quarter. Institutional investors own 70.01% of the company’s stock.
About Kimberly-Clark Corporation
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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