Kimberly-Clark (KMB) Sets New 12-Month High and Low at $98.31

Kimberly-Clark (NYSE:KMB)’s share price reached a new 52-week high and low on Monday . The company traded as low as $98.31 and last traded at $98.75, with a volume of 4508542 shares changing hands. The stock had previously closed at $100.03.

A number of equities analysts recently weighed in on KMB shares. Zacks Investment Research upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a research report on Wednesday, January 10th. Citigroup set a $112.00 target price on shares of Kimberly-Clark and gave the stock a “sell” rating in a research report on Wednesday, January 24th. Barclays set a $119.00 target price on shares of Kimberly-Clark and gave the stock a “hold” rating in a research report on Thursday, March 15th. Finally, Wells Fargo decreased their target price on shares of Kimberly-Clark from $117.00 to $108.00 and set a “market perform” rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price of $123.07.

The company has a debt-to-equity ratio of 7.34, a quick ratio of 0.58 and a current ratio of 0.89. The stock has a market capitalization of $35,081.15, a P/E ratio of 15.75, a PEG ratio of 1.92 and a beta of 0.66.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Monday, April 23rd. The company reported $1.71 EPS for the quarter, hitting the consensus estimate of $1.71. Kimberly-Clark had a net margin of 12.48% and a return on equity of 427.79%. The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same period in the previous year, the firm earned $1.57 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. analysts expect that Kimberly-Clark will post 6.96 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Friday, March 9th were given a $1.00 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $0.97. This represents a $4.00 annualized dividend and a dividend yield of 4.06%. Kimberly-Clark’s payout ratio is currently 64.21%.

In related news, insider Kimberly K. Underhill sold 23,158 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $119.77, for a total value of $2,773,633.66. Following the sale, the insider now directly owns 31,141 shares in the company, valued at approximately $3,729,757.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.64% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in KMB. American International Group Inc. boosted its position in shares of Kimberly-Clark by 2,507.7% in the 4th quarter. American International Group Inc. now owns 4,397,893 shares of the company’s stock worth $530,650,000 after buying an additional 4,229,240 shares in the last quarter. BlackRock Inc. raised its stake in Kimberly-Clark by 4.9% in the 4th quarter. BlackRock Inc. now owns 25,795,326 shares of the company’s stock valued at $3,112,464,000 after purchasing an additional 1,212,672 shares during the last quarter. Two Sigma Advisers LP raised its stake in Kimberly-Clark by 94.1% in the 4th quarter. Two Sigma Advisers LP now owns 2,050,420 shares of the company’s stock valued at $247,404,000 after purchasing an additional 993,961 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Kimberly-Clark in the 4th quarter valued at about $117,456,000. Finally, Stifel Financial Corp raised its stake in Kimberly-Clark by 29,110.9% in the 3rd quarter. Stifel Financial Corp now owns 778,470 shares of the company’s stock valued at $91,647,000 after purchasing an additional 775,805 shares during the last quarter. Institutional investors and hedge funds own 74.57% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/04/23/kimberly-clark-kmb-sets-new-12-month-high-and-low-at-98-31.html.

About Kimberly-Clark

Kimberly-Clark Corp. is engaged in the manufacturing and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment manufactures and markets disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.

Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply