Kimberly-Clark Corporation (KMB) Upgraded at BidaskClub

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.

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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.

Analyst Recommendations for Kimberly-Clark Corporation (NYSE:KMB)

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