Kimberly Clark Corp (KMB) Receives $124.46 Consensus PT from Brokerages
Shares of Kimberly Clark Corp (NYSE:KMB) have been assigned an average rating of “Hold” from the eighteen brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $124.46.
KMB has been the subject of a number of research reports. Citigroup cut Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective for the company. in a research report on Monday, December 11th. Deutsche Bank initiated coverage on Kimberly Clark in a research report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price objective for the company. Finally, Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a research report on Wednesday, January 10th.
Shares of Kimberly Clark (KMB) traded down $2.03 during trading on Friday, hitting $110.93. The stock had a trading volume of 1,145,242 shares, compared to its average volume of 2,440,521. The firm has a market capitalization of $39,450.00, a PE ratio of 18.17, a PEG ratio of 2.04 and a beta of 0.69. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 7.34. Kimberly Clark has a 1-year low of $109.51 and a 1-year high of $135.22.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be issued a dividend of $1.00 per share. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Thursday, March 8th. Kimberly Clark’s dividend payout ratio (DPR) is 64.62%.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the transaction, the insider now directly owns 31,141 shares in the company, valued at $3,729,757.57. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in shares of Kimberly Clark by 4.9% in the fourth quarter. BlackRock Inc. now owns 25,795,326 shares of the company’s stock worth $3,112,464,000 after purchasing an additional 1,212,672 shares during the period. Vanguard Group Inc. increased its stake in shares of Kimberly Clark by 2.2% in 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 period. Capital Research Global Investors increased its stake in shares of Kimberly Clark by 46.6% in 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 period. Wells Fargo & Company MN increased its stake in shares of Kimberly Clark by 0.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,724,192 shares of the company’s stock worth $690,679,000 after purchasing an additional 45,468 shares during the period. Finally, American International Group Inc. increased its stake in shares of Kimberly Clark by 2,507.7% in the fourth quarter. American International Group Inc. now owns 4,397,893 shares of the company’s stock worth $530,650,000 after purchasing an additional 4,229,240 shares during the period. Institutional investors own 74.57% of the company’s stock.
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Kimberly Clark 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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