BidaskClub upgraded shares of Kimberly-Clark Corporation (NYSE:KMB) from a hold rating to a buy rating in a research note released on Thursday.
A number of other analysts have also commented on the stock. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a buy rating in a research report on Monday, June 19th. Berenberg Bank started coverage on shares of Kimberly-Clark Corporation in a research report on Friday, June 9th. They set a hold rating and a $136.00 price target on the stock. Jefferies Group LLC reaffirmed a hold rating and set a $133.00 price target on shares of Kimberly-Clark Corporation in a research report on Wednesday, May 31st. TheStreet raised shares of Kimberly-Clark Corporation from a c+ rating to an a- rating in a research report on Wednesday, April 26th. Finally, Royal Bank Of Canada reaffirmed a sector perform rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a research report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $134.62.
Kimberly-Clark Corporation (NYSE:KMB) traded down 0.98% on Thursday, hitting $132.21. 448,300 shares of the stock were exchanged. The stock has a market capitalization of $46.93 billion, a P/E ratio of 21.82 and a beta of 0.79. The company has a 50 day moving average of $128.96 and a 200 day moving average of $126.06. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $138.87.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Monday, April 24th. The company reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.03. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.50 billion. Kimberly-Clark Corporation had a net margin of 11.99% and a return on equity of 602.48%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.53 earnings per share. On average, equities research analysts forecast that Kimberly-Clark Corporation will post $6.28 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Friday, June 9th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, June 7th. Kimberly-Clark Corporation’s payout ratio is presently 64.13%.
In other news, insider Sergio Cruz sold 7,078 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total value of $920,210.78. Following the transaction, the insider now directly owns 4,910 shares of the company’s stock, valued at $638,349.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sandra Macquillan sold 5,081 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $129.82, for a total transaction of $659,615.42. Following the completion of the transaction, the senior vice president now directly owns 5,364 shares in the company, valued at $696,354.48. The disclosure for this sale can be found here. Insiders sold 32,267 shares of company stock worth $4,155,862 over the last three months. Insiders own 0.56% of the company’s stock.
Several institutional investors have recently modified their holdings of KMB. BlackRock Inc. raised its position in shares of Kimberly-Clark Corporation by 2,495.5% in the first quarter. BlackRock Inc. now owns 25,562,944 shares of the company’s stock valued at $3,364,851,000 after buying an additional 24,578,034 shares during the last quarter. State Street Corp raised its position in shares of Kimberly-Clark Corporation by 1.3% in the first quarter. State Street Corp now owns 17,653,917 shares of the company’s stock valued at $2,323,785,000 after buying an additional 225,993 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Kimberly-Clark Corporation by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock valued at $566,053,000 after buying an additional 207,316 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Kimberly-Clark Corporation by 7.2% in the first quarter. Geode Capital Management LLC now owns 3,767,972 shares of the company’s stock valued at $495,329,000 after buying an additional 251,977 shares during the last quarter. Finally, Federated Investors Inc. PA raised its position in shares of Kimberly-Clark Corporation by 1.5% in the fourth quarter. Federated Investors Inc. PA now owns 3,727,682 shares of the company’s stock valued at $425,403,000 after buying an additional 54,976 shares during the last quarter. 70.05% of the stock is currently owned by institutional investors.
About Kimberly-Clark Corporation
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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