ValuEngine upgraded shares of Kimberly Clark (NYSE:KMB) from a sell rating to a hold rating in a report released on Monday morning, ValuEngine reports.
Several other research firms have also recently commented on KMB. Deutsche Bank raised their target price on shares of Kimberly Clark from $126.00 to $132.00 and gave the stock a hold rating in a research report on Friday, January 24th. Morgan Stanley boosted their price target on shares of Kimberly Clark from $139.00 to $140.00 and gave the company an equal weight rating in a research report on Tuesday, January 21st. Wells Fargo & Co increased their price target on shares of Kimberly Clark from $130.00 to $132.00 and gave the stock a market perform rating in a research note on Tuesday, October 15th. Citigroup raised their price objective on shares of Kimberly Clark from $123.00 to $135.00 and gave the stock a sell rating in a report on Friday, January 24th. Finally, Royal Bank of Canada reaffirmed a hold rating and set a $129.00 price objective on shares of Kimberly Clark in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $142.64.
Shares of Kimberly Clark stock traded up $0.82 during midday trading on Monday, reaching $145.56. 928,583 shares of the company’s stock traded hands, compared to its average volume of 1,506,812. The company has a debt-to-equity ratio of 32.03, a quick ratio of 0.47 and a current ratio of 0.73. The company has a market cap of $50.12 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 3.95 and a beta of 0.47. The stock has a 50 day moving average of $141.67 and a 200-day moving average of $137.77. Kimberly Clark has a 12 month low of $114.62 and a 12 month high of $149.23.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Thursday, January 23rd. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.01. The business had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.58 billion. Kimberly Clark had a net margin of 11.69% and a return on equity of 3,809.60%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 earnings per share. On average, equities analysts anticipate that Kimberly Clark will post 7.26 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $4.28 annualized dividend and a yield of 2.94%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $1.03. Kimberly Clark’s dividend payout ratio (DPR) is currently 59.80%.
In other Kimberly Clark news, insider Aaron Powell sold 3,670 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $145.30, for a total transaction of $533,251.00. Following the completion of the transaction, the insider now owns 5,486 shares of the company’s stock, valued at $797,115.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tristram Wilkinson sold 469 shares of Kimberly Clark stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $144.64, for a total transaction of $67,836.16. Following the transaction, the insider now owns 6,079 shares of the company’s stock, valued at $879,266.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,941 shares of company stock worth $4,173,815. Company insiders own 0.85% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Glassman Wealth Services increased its holdings in shares of Kimberly Clark by 145.1% during the third quarter. Glassman Wealth Services now owns 174 shares of the company’s stock valued at $25,000 after acquiring an additional 103 shares in the last quarter. John W. Brooker & Co. CPAs purchased a new position in shares of Kimberly Clark in the 4th quarter worth about $25,000. Princeton Global Asset Management LLC purchased a new position in shares of Kimberly Clark in the 4th quarter worth about $26,000. Horan Capital Advisors LLC. bought a new position in Kimberly Clark in the 3rd quarter worth about $28,000. Finally, Moser Wealth Advisors LLC bought a new position in Kimberly Clark in the 4th quarter worth about $28,000. Institutional investors own 71.88% of the company’s stock.
Kimberly Clark Company Profile
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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