Shares of Kimberly Clark Corp (NYSE:KMB) have earned an average recommendation of “Hold” from the eighteen ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $124.46.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a research note on Wednesday, January 10th. Citigroup set a $112.00 price target on Kimberly Clark and gave the company a “sell” rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank started coverage on Kimberly Clark in a research note on Wednesday, December 13th. They set a “hold” rating and a $121.00 price target on the stock.
Kimberly Clark (NYSE:KMB) opened at $111.94 on Friday. Kimberly Clark has a 12 month low of $109.51 and a 12 month high of $135.22. The company has a debt-to-equity ratio of 7.34, a quick ratio of 0.58 and a current ratio of 0.89. The stock has a market capitalization of $39,258.03, a PE ratio of 17.46, a P/E/G ratio of 2.02 and a beta of 0.69.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.03. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same period in the previous year, the company posted $1.45 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. equities analysts anticipate that Kimberly Clark will post 7 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be issued a $1.00 dividend. This is an increase from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Thursday, March 8th. Kimberly Clark’s payout ratio is presently 62.40%.
In other news, insider Kimberly K. Underhill sold 23,158 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $119.77, for a total value of $2,773,633.66. Following the transaction, the insider now directly owns 31,141 shares of the company’s stock, valued at approximately $3,729,757.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in KMB. Cambridge Investment Research Advisors Inc. raised its position in Kimberly Clark by 19.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 60,777 shares of the company’s stock worth $7,333,000 after purchasing an additional 10,068 shares during the last quarter. Wagner Wealth Management LLC bought a new position in Kimberly Clark in the 4th quarter worth approximately $206,000. KCM Investment Advisors LLC raised its position in Kimberly Clark by 3.6% in the 4th quarter. KCM Investment Advisors LLC now owns 155,508 shares of the company’s stock worth $18,764,000 after purchasing an additional 5,431 shares during the last quarter. Colonial Trust Advisors raised its position in Kimberly Clark by 11.2% in the 4th quarter. Colonial Trust Advisors now owns 27,627 shares of the company’s stock worth $3,333,000 after purchasing an additional 2,784 shares during the last quarter. Finally, Cedar Hill Associates LLC bought a new stake in shares of Kimberly Clark during the 4th quarter valued at $262,000. 73.66% of the stock is currently owned by institutional investors and hedge funds.
About Kimberly Clark
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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