Kimberly-Clark Corporation (NYSE:KMB)‘s stock had its “hold” rating restated by research analysts at Barclays PLC in a report issued on Thursday.
Other research analysts have also recently issued reports about the stock. BidaskClub cut shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Zacks Investment Research cut shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. Citigroup Inc. set a $134.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a research report on Friday, July 7th. UBS AG cut shares of Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $134.00 to $120.00 in a research report on Wednesday, July 12th. Finally, Berenberg Bank restated a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $127.14.
Kimberly-Clark Corporation (NYSE:KMB) traded down 1.04% during trading on Thursday, reaching $112.41. 2,461,298 shares of the company’s stock traded hands. Kimberly-Clark Corporation has a 52-week low of $110.33 and a 52-week high of $136.21. The company’s 50 day moving average is $117.23 and its 200-day moving average is $124.39. The stock has a market cap of $39.71 billion, a price-to-earnings ratio of 18.77 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. Kimberly-Clark Corporation’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 earnings per share. On average, analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
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In other Kimberly-Clark Corporation news, Director Robert W. Decherd purchased 1,500 shares of Kimberly-Clark Corporation stock in a transaction on Thursday, August 3rd. The shares were acquired at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the transaction, the director now directly owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.56% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of KMB. Capital Research Global Investors grew its position in Kimberly-Clark Corporation by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after acquiring an additional 3,191,549 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Kimberly-Clark Corporation by 5,178.3% during the second quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock valued at $319,676,000 after purchasing an additional 2,429,085 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Kimberly-Clark Corporation by 305.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock valued at $259,496,000 after purchasing an additional 1,514,722 shares during the period. APG Asset Management N.V. boosted its stake in shares of Kimberly-Clark Corporation by 85.3% during the second quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after purchasing an additional 929,300 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Kimberly-Clark Corporation during the first quarter valued at approximately $93,657,000. Institutional investors and hedge funds own 69.94% of the company’s stock.
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.
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