Shares of Kimberly Clark Corp (NYSE:KMB) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $144.43 and last traded at $144.25, with a volume of 190866 shares trading hands. The stock had previously closed at $143.43.
A number of equities research analysts have issued reports on KMB shares. Barclays upgraded Kimberly Clark from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $144.00 to $152.00 in a research note on Monday, September 23rd. Morgan Stanley cut their price objective on shares of Kimberly Clark from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Bank of America upgraded shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Friday, September 27th. Wells Fargo & Co lifted their price objective on shares of Kimberly Clark from $130.00 to $132.00 and gave the company a “market perform” rating in a research note on Tuesday, October 15th. Finally, Deutsche Bank lifted their price objective on shares of Kimberly Clark from $124.00 to $126.00 and gave the company a “hold” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $139.50.
The business’s 50 day moving average is $137.37 and its two-hundred day moving average is $136.70. The company has a quick ratio of 0.48, a current ratio of 0.75 and a debt-to-equity ratio of 70.43. The firm has a market capitalization of $49.17 billion, a P/E ratio of 21.76, a PEG ratio of 3.57 and a beta of 0.51.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.80 by $0.04. Kimberly Clark had a net margin of 10.96% and a return on equity of 93,800.00%. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same period in the previous year, the business earned $1.71 earnings per share. Kimberly Clark’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities analysts anticipate that Kimberly Clark Corp will post 6.86 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.87%. The ex-dividend date was Thursday, December 5th. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.
A number of institutional investors have recently modified their holdings of KMB. Nuveen Asset Management LLC raised its position in Kimberly Clark by 6,220.6% in the second quarter. Nuveen Asset Management LLC now owns 1,280,245 shares of the company’s stock worth $170,632,000 after acquiring an additional 1,259,990 shares in the last quarter. AQR Capital Management LLC increased its stake in Kimberly Clark by 82.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,778,692 shares of the company’s stock worth $237,064,000 after purchasing an additional 803,121 shares in the last quarter. Johanson Financial Advisors Inc. increased its stake in Kimberly Clark by 13,665.2% in the 4th quarter. Johanson Financial Advisors Inc. now owns 747,726 shares of the company’s stock worth $5,436,000 after purchasing an additional 742,294 shares in the last quarter. BlackRock Inc. increased its stake in Kimberly Clark by 2.0% in the 2nd quarter. BlackRock Inc. now owns 24,953,446 shares of the company’s stock worth $3,325,795,000 after purchasing an additional 481,402 shares in the last quarter. Finally, Alberta Investment Management Corp increased its stake in Kimberly Clark by 509.1% in the 3rd quarter. Alberta Investment Management Corp now owns 401,400 shares of the company’s stock worth $57,019,000 after purchasing an additional 335,500 shares in the last quarter. Hedge funds and other institutional investors own 71.77% of the company’s stock.
Kimberly Clark Company Profile (NYSE:KMB)
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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