Kimberly Clark Corp (NYSE:KMB) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued on Tuesday, April 18th. They presently have a $139.00 price target on the stock. Vetr‘s price objective suggests a potential upside of 9.69% from the company’s current price.
Several other analysts have also recently weighed in on KMB. B. Riley restated a “neutral” rating and set a $128.00 price objective on shares of Kimberly Clark Corp in a research report on Wednesday, January 25th. Royal Bank of Canada set a $118.00 target price on shares of Kimberly Clark Corp and gave the company a “hold” rating in a report on Monday, January 2nd. Barclays PLC set a $135.00 target price on shares of Kimberly Clark Corp and gave the company a “hold” rating in a report on Saturday, February 18th. Zacks Investment Research raised shares of Kimberly Clark Corp from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a report on Wednesday, April 12th. Finally, Societe Generale lowered shares of Kimberly Clark Corp from a “buy” rating to a “hold” rating and raised their price target for the stock from $139.00 to $144.00 in a report on Friday, March 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $133.50.
Kimberly Clark Corp (NYSE:KMB) traded up 0.16% on Tuesday, reaching $126.92. The company’s stock had a trading volume of 964,964 shares. The firm has a market cap of $45.05 billion, a P/E ratio of 20.94 and a beta of 0.65. The firm’s 50 day moving average is $130.24 and its 200-day moving average is $123.42. Kimberly Clark Corp has a 12 month low of $111.30 and a 12 month high of $138.87.
Kimberly Clark Corp (NYSE:KMB) last posted its earnings results on Monday, April 24th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Kimberly Clark Corp had a net margin of 11.90% and a return on equity of 614.22%. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the prior year, the company posted $1.53 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts anticipate that Kimberly Clark Corp will post $6.28 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Friday, June 9th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.06%. Kimberly Clark Corp’s dividend payout ratio is presently 61.54%.
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In related news, SVP Thomas J. Mielke sold 20,108 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $128.11, for a total transaction of $2,576,035.88. Following the completion of the sale, the senior vice president now directly owns 23,543 shares in the company, valued at $3,016,093.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sandra Macquillan sold 5,081 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $129.82, for a total transaction of $659,615.42. Following the sale, the senior vice president now owns 5,364 shares of the company’s stock, valued at $696,354.48. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Tortoise Investment Management LLC raised its position in Kimberly Clark Corp by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after buying an additional 34 shares during the last quarter. Heritage Trust Co purchased a new position in Kimberly Clark Corp during the first quarter worth $118,000. Acrospire Investment Management LLC raised its position in Kimberly Clark Corp by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after buying an additional 500 shares during the last quarter. Armbruster Capital Management Inc. raised its position in Kimberly Clark Corp by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after buying an additional 250 shares during the last quarter. Finally, Zions Bancorporation raised its position in Kimberly Clark Corp by 8.6% in the fourth quarter. Zions Bancorporation now owns 971 shares of the company’s stock worth $110,000 after buying an additional 77 shares during the last quarter. Institutional investors own 68.65% of the company’s stock.
Kimberly Clark Corp 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.
To view Vetr’s full report, visit Vetr’s official website.
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