Kimberly-Clark Corporation (KMB) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Kimberly-Clark Corporation (NYSE:KMB) have been assigned a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $131.08.

A number of research firms have commented on KMB. Zacks Investment Research downgraded Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Citigroup Inc. set a $134.00 target price on Kimberly-Clark Corporation and gave the company a “sell” rating in a report on Friday, July 7th. BidaskClub downgraded Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) set a $157.00 target price on Kimberly-Clark Corporation and gave the company a “buy” rating in a report on Monday, June 19th.

Kimberly-Clark Corporation (NYSE KMB) opened at 117.84 on Thursday. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.21. The firm has a market capitalization of $41.63 billion, a PE ratio of 19.68 and a beta of 0.76. The firm’s 50-day moving average is $119.42 and its 200-day moving average is $125.78.

Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting analysts’ consensus estimates of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter last year, the company earned $1.53 earnings per share. Kimberly-Clark Corporation’s quarterly revenue was down .7% compared to the same quarter last year. On average, analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 8th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.29%. The ex-dividend date was Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is 64.88%.

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In other news, Director Robert W. Decherd bought 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average price of $122.21 per share, with a total value of $183,315.00. Following the purchase, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Coldstream Capital Management Inc. raised its stake in Kimberly-Clark Corporation by 0.3% in the 2nd quarter. Coldstream Capital Management Inc. now owns 1,597 shares of the company’s stock valued at $206,000 after purchasing an additional 5 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in Kimberly-Clark Corporation by 0.5% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after purchasing an additional 6 shares during the last quarter. Investment Partners Ltd. OH ADV raised its stake in Kimberly-Clark Corporation by 0.3% in the 2nd quarter. Investment Partners Ltd. OH ADV now owns 2,852 shares of the company’s stock valued at $368,000 after purchasing an additional 8 shares during the last quarter. Winch Advisory Services LLC raised its stake in Kimberly-Clark Corporation by 0.6% in the 2nd quarter. Winch Advisory Services LLC now owns 1,404 shares of the company’s stock valued at $181,000 after purchasing an additional 8 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. raised its stake in Kimberly-Clark Corporation by 0.6% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 2,480 shares of the company’s stock valued at $320,000 after purchasing an additional 14 shares during the last quarter. 70.08% of the stock is owned by hedge funds and other institutional investors.

About Kimberly-Clark Corporation

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.

Analyst Recommendations for Kimberly-Clark Corporation (NYSE:KMB)

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