Kimberly-Clark Corporation (NASDAQ:KMB) Receives $116.42 Consensus PT from Brokerages

Shares of Kimberly-Clark Corporation (NASDAQ:KMB) have earned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $116.4167.

Several equities analysts have recently issued reports on KMB shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. TD Cowen cut their price objective on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. UBS Group raised their price objective on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Barclays set a $102.00 target price on shares of Kimberly-Clark in a research note on Friday, January 16th.

Kimberly-Clark Stock Up 0.2%

KMB stock opened at $100.48 on Friday. The business has a 50 day moving average of $103.42 and a 200 day moving average of $109.57. The firm has a market cap of $33.35 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 3.56 and a beta of 0.24. Kimberly-Clark has a twelve month low of $96.26 and a twelve month high of $147.12. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the previous year, the business earned $1.50 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts forecast that Kimberly-Clark will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a $1.28 dividend. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.12 annualized dividend and a yield of 5.1%. Kimberly-Clark’s payout ratio is currently 84.35%.

Insider Buying and Selling

In other news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Kimberly-Clark

Several large investors have recently bought and sold shares of the business. Cloud Capital Management LLC bought a new position in Kimberly-Clark during the 3rd quarter valued at about $25,000. Godfrey Financial Associates Inc. purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $25,000. True Wealth Design LLC grew its stake in shares of Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares during the period. Winnow Wealth LLC purchased a new position in shares of Kimberly-Clark during the second quarter valued at approximately $27,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the second quarter valued at approximately $27,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.