Kimberly-Clark Corporation (NYSE:KMB)‘s stock had its “hold” rating reiterated by analysts at Citigroup Inc. in a report released on Tuesday, October 24th. They presently have a $125.00 price objective on the stock, down from their previous price objective of $131.00. Citigroup Inc.’s price target indicates a potential upside of 9.51% from the stock’s previous close.
KMB has been the subject of a number of other reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a report on Friday, October 13th. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub lowered Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. J P Morgan Chase & Co lowered Kimberly-Clark Corporation from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $115.55 to $100.00 in a research note on Friday, October 20th. Finally, Macquarie started coverage on Kimberly-Clark Corporation in a research note on Friday, September 15th. They issued a “neutral” rating and a $121.00 target price on the stock. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $127.14.
Shares of Kimberly-Clark Corporation (KMB) opened at $114.14 on Tuesday. Kimberly-Clark Corporation has a 12-month low of $109.67 and a 12-month high of $136.21. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. The company has a market capitalization of $40,149.54, a price-to-earnings ratio of 18.68, a P/E/G ratio of 2.97 and a beta of 0.74.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 EPS. research analysts predict that Kimberly-Clark Corporation will post 6.2 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently modified their holdings of the company. Martin Investment Management LLC bought a new position in Kimberly-Clark Corporation during the second quarter worth about $443,000. Pax World Management LLC increased its position in Kimberly-Clark Corporation by 7.7% during the second quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock worth $359,000 after acquiring an additional 200 shares during the period. Boston Family Office LLC increased its position in Kimberly-Clark Corporation by 0.8% during the second quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock worth $1,496,000 after acquiring an additional 90 shares during the period. Legal & General Group Plc increased its position in Kimberly-Clark Corporation by 3.7% during the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after acquiring an additional 68,776 shares during the period. Finally, Strategy Asset Managers LLC increased its position in Kimberly-Clark Corporation by 80.0% during the second quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock worth $404,000 after acquiring an additional 1,390 shares during the period. 70.38% of the stock is currently owned by institutional investors.
Kimberly-Clark Corporation 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.
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