Royal Bank of Canada reaffirmed their in-line rating on shares of Kimberly-Clark (NYSE:KMB) in a research note released on Tuesday morning, The Fly reports.
KMB has been the topic of several other reports. Barclays set a $119.00 price target on shares of Kimberly-Clark and gave the stock a hold rating in a research note on Thursday, March 15th. Zacks Investment Research raised shares of Kimberly-Clark from a hold rating to a buy rating and set a $121.00 price target on the stock in a research note on Wednesday, April 11th. ValuEngine downgraded shares of Kimberly-Clark from a hold rating to a sell rating in a research note on Monday. Citigroup set a $94.00 price target on shares of Kimberly-Clark and gave the stock a sell rating in a research note on Tuesday. Finally, JPMorgan Chase decreased their price target on shares of Kimberly-Clark from $104.00 to $86.00 and set an underweight rating on the stock in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $119.73.
NYSE:KMB opened at $100.40 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.58 and a debt-to-equity ratio of 6.97. The stock has a market capitalization of $34,551.58, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.88 and a beta of 0.66. Kimberly-Clark has a twelve month low of $97.10 and a twelve month high of $134.29.
Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, April 23rd. The company reported $1.71 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.71. The firm had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.60 billion. Kimberly-Clark had a net margin of 9.77% and a return on equity of 349.52%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $1.57 earnings per share. research analysts anticipate that Kimberly-Clark will post 6.98 earnings per share for the current year.
In other Kimberly-Clark news, insider Kimberly K. Underhill sold 23,158 shares of Kimberly-Clark stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the transaction, the insider now directly owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of KMB. Prospera Financial Services Inc increased its position in shares of Kimberly-Clark by 14.6% during the fourth quarter. Prospera Financial Services Inc now owns 3,378 shares of the company’s stock valued at $405,000 after acquiring an additional 431 shares during the last quarter. Profund Advisors LLC increased its position in shares of Kimberly-Clark by 5.2% during the fourth quarter. Profund Advisors LLC now owns 9,037 shares of the company’s stock valued at $1,090,000 after acquiring an additional 445 shares during the last quarter. Pinkerton Retirement Specialists LLC increased its position in shares of Kimberly-Clark by 2.6% during the third quarter. Pinkerton Retirement Specialists LLC now owns 17,998 shares of the company’s stock valued at $2,080,000 after acquiring an additional 448 shares during the last quarter. ETRADE Capital Management LLC increased its position in shares of Kimberly-Clark by 1.9% during the fourth quarter. ETRADE Capital Management LLC now owns 23,896 shares of the company’s stock valued at $2,883,000 after acquiring an additional 454 shares during the last quarter. Finally, CWA Asset Management Group LLC increased its position in shares of Kimberly-Clark by 1.7% during the fourth quarter. CWA Asset Management Group LLC now owns 26,717 shares of the company’s stock valued at $3,224,000 after acquiring an additional 457 shares during the last quarter. 74.57% of the stock is currently owned by institutional investors.
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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.
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