Kimberly-Clark Corporation (KMB) Stock Rating Reaffirmed by Barclays PLC

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.

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

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