Kimberly-Clark Corporation (NASDAQ:KMB) Receives $116.79 Average Target Price from Analysts

Kimberly-Clark Corporation (NASDAQ:KMB) has received a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $116.7857.

Several analysts recently weighed in on KMB shares. UBS Group boosted their price objective on Kimberly-Clark from $106.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Wednesday, June 24th. Bank of America dropped their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Barclays cut their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Finally, Wells Fargo & Company upped their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th.

Insiders Place Their Bets

In related news, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the sale, the insider directly owned 8,362 shares in the company, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 7,096 shares of company stock valued at $689,687 in the last quarter. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Kimberly-Clark

Hedge funds have recently modified their holdings of the business. Ballast Inc. increased its position in Kimberly-Clark by 42.4% during the second quarter. Ballast Inc. now owns 16,883 shares of the company’s stock worth $1,853,000 after acquiring an additional 5,029 shares during the period. Northside Capital Management LLC acquired a new position in Kimberly-Clark during the 2nd quarter valued at $207,000. Tema ETFs LLC boosted its holdings in Kimberly-Clark by 9.4% in the 2nd quarter. Tema ETFs LLC now owns 6,730 shares of the company’s stock valued at $739,000 after purchasing an additional 580 shares during the period. Canvas Wealth Advisors LLC grew its position in Kimberly-Clark by 186.5% in the 2nd quarter. Canvas Wealth Advisors LLC now owns 43,463 shares of the company’s stock worth $4,824,000 after purchasing an additional 28,291 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of Kimberly-Clark by 17.0% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 7,365 shares of the company’s stock worth $808,000 after purchasing an additional 1,069 shares during the period. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Up 0.1%

KMB stock opened at $108.48 on Friday. Kimberly-Clark has a twelve month low of $92.42 and a twelve month high of $137.46. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The company has a market capitalization of $36.01 billion, a P/E ratio of 17.03, a PEG ratio of 4.82 and a beta of 0.26. The firm has a 50 day simple moving average of $103.44 and a 200-day simple moving average of $101.79.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.04. The firm had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.93 earnings per share. On average, equities research analysts predict that Kimberly-Clark will post 7.47 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Friday, June 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 80.38%.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.