Kimberly Clark Corp (KMB) Lowered to Hold at Vetr Inc.

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.

Analyst Recommendations for Kimberly Clark Corp (NYSE:KMB)

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.

5 Day Chart for NYSE:KMB

To view Vetr’s full report, visit Vetr’s official website.

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