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.

COPYRIGHT VIOLATION WARNING: “Kimberly-Clark Corporation (KMB) Downgraded by J P Morgan Chase & Co to “Underweight”” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/21/kimberly-clark-corporation-kmb-downgraded-by-j-p-morgan-chase-co-to-underweight.html.

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.

Analyst Recommendations for Kimberly-Clark Corporation (NYSE:KMB)

Receive News & Stock Ratings for Kimberly-Clark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corporation and related stocks with our FREE daily email newsletter.