Kimberly-Clark Corporation (KMB) Downgraded by J P Morgan Chase & Co to “Underweight”
J P Morgan Chase & Co lowered shares of Kimberly-Clark Corporation (NYSE:KMB) from a neutral rating to an underweight rating in a research report report published on Friday. The brokerage currently has $100.00 target price on the stock, down from their prior target price of $115.55.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Kimberly-Clark Corporation from a hold rating to a sell rating in a research report on Friday, July 7th. Citigroup Inc. set a $134.00 price target on shares of Kimberly-Clark Corporation and gave the company a sell rating in a research report on Friday, July 7th. BidaskClub cut shares of Kimberly-Clark Corporation from a sell rating to a strong sell rating in a research report on Monday, July 31st. Berenberg Bank reaffirmed a hold rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Finally, UBS AG cut shares of Kimberly-Clark Corporation from a buy rating to a neutral rating and reduced their price target for the company from $134.00 to $120.00 in a research report on Wednesday, July 12th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $128.46.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded down 1.83% during midday trading on Friday, reaching $113.44. 4,934,611 shares of the company traded hands. Kimberly-Clark Corporation has a 12 month low of $110.33 and a 12 month high of $136.21. The stock has a market capitalization of $40.08 billion, a price-to-earnings ratio of 18.94 and a beta of 0.76. The company’s 50 day moving average is $118.38 and its 200-day moving average is $125.07.
Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $1.53 earnings per share. Equities research analysts forecast that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th were paid a dividend of $0.97 per share. The ex-dividend date was Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.42%. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
In other news, Director Robert W. Decherd acquired 1,500 shares of the company’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 purchase, the director now directly owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.56% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of KMB. Capital Research Global Investors raised its stake 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 valued at $1,295,993,000 after purchasing an additional 3,191,549 shares during the period. Janus Henderson Group PLC increased its stake in shares of Kimberly-Clark Corporation by 5,178.3% in the second quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock worth $319,676,000 after buying an additional 2,429,085 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Kimberly-Clark Corporation by 305.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock worth $259,496,000 after buying an additional 1,514,722 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of Kimberly-Clark Corporation by 85.3% in the second quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock worth $260,563,000 after buying an additional 929,300 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Kimberly-Clark Corporation in the first quarter worth $93,657,000. 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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