ValuEngine Downgrades Kimberly Clark (NYSE:KMB) to Hold

Kimberly Clark (NYSE:KMB) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday, ValuEngine reports.

Several other brokerages also recently weighed in on KMB. Bank of America reaffirmed a “neutral” rating and set a $143.00 target price (up previously from $135.00) on shares of Kimberly Clark in a research note on Wednesday, June 19th. Citigroup lifted their target price on Kimberly Clark from $102.00 to $116.00 and gave the company a “sell” rating in a research note on Tuesday, April 23rd. Atlantic Securities raised Kimberly Clark from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 24th. Wells Fargo & Co reaffirmed a “hold” rating and set a $130.00 target price on shares of Kimberly Clark in a research note on Tuesday, July 23rd. Finally, Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a research note on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $128.81.

Kimberly Clark stock traded up $0.63 during mid-day trading on Thursday, hitting $135.87. 1,407,842 shares of the company’s stock traded hands, compared to its average volume of 1,630,155. The company has a 50 day moving average price of $136.55. The company has a debt-to-equity ratio of 134.02, a quick ratio of 0.53 and a current ratio of 0.81. The firm has a market cap of $46.54 billion, a P/E ratio of 20.56, a PEG ratio of 3.62 and a beta of 0.56. Kimberly Clark has a one year low of $100.32 and a one year high of $140.62.

Kimberly Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 23rd. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.03. The firm had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.60 billion. Kimberly Clark had a return on equity of 27,094.12% and a net margin of 9.80%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 EPS. Sell-side analysts forecast that Kimberly Clark will post 6.8 earnings per share for the current year.

In related news, insider Aaron Powell sold 3,964 shares of Kimberly Clark stock in a transaction on Monday, July 29th. The stock was sold at an average price of $137.95, for a total value of $546,833.80. Following the transaction, the insider now directly owns 5,780 shares in the company, valued at approximately $797,351. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas J. Falk sold 58,218 shares of Kimberly Clark stock in a transaction on Monday, May 13th. The stock was sold at an average price of $127.73, for a total value of $7,436,185.14. The disclosure for this sale can be found here. Insiders sold a total of 123,089 shares of company stock worth $15,864,805 in the last three months. Company insiders own 0.85% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Securities Inc. raised its position in shares of Kimberly Clark by 27.8% in the 4th quarter. Comerica Securities Inc. now owns 8,816 shares of the company’s stock valued at $1,011,000 after purchasing an additional 1,919 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Kimberly Clark by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 4,135,213 shares of the company’s stock valued at $470,390,000 after purchasing an additional 308,810 shares during the last quarter. ELM Advisors LLC raised its position in shares of Kimberly Clark by 11.6% in the 1st quarter. ELM Advisors LLC now owns 2,977 shares of the company’s stock valued at $369,000 after purchasing an additional 310 shares during the last quarter. Montecito Bank & Trust raised its position in shares of Kimberly Clark by 8.3% in the 1st quarter. Montecito Bank & Trust now owns 5,347 shares of the company’s stock valued at $662,000 after purchasing an additional 410 shares during the last quarter. Finally, Legacy Advisors LLC purchased a new position in shares of Kimberly Clark in the 1st quarter valued at approximately $118,000. Institutional investors and hedge funds own 71.45% of the company’s stock.

About Kimberly Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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Analyst Recommendations for Kimberly Clark (NYSE:KMB)

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