Kimberly-Clark Corporation’s (KMB) “Hold” Rating Reaffirmed at Citigroup Inc.

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.

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

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