Shares of Kimberly Clark Corp (NYSE:KMB) have earned a consensus rating of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $139.33.
Several equities research analysts have recently weighed in on KMB shares. Deutsche Bank upgraded Kimberly Clark from a “sell” rating to a “hold” rating and upped their price target for the company from $123.00 to $124.00 in a research report on Tuesday, October 22nd. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 price objective on the stock in a research report on Monday, September 30th. 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 report on Friday, September 27th. Morgan Stanley decreased 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 report on Wednesday, October 23rd. Finally, Barclays upgraded shares of Kimberly Clark from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $144.00 to $152.00 in a research report on Monday, September 23rd.
Shares of KMB traded down $0.04 during midday trading on Wednesday, hitting $136.30. 1,523,109 shares of the company traded hands, compared to its average volume of 1,709,001. The stock has a 50-day moving average of $133.75 and a 200-day moving average of $135.54. Kimberly Clark has a one year low of $106.59 and a one year high of $143.50. The firm has a market cap of $46.74 billion, a P/E ratio of 20.62, a PEG ratio of 3.62 and a beta of 0.51. The company has a debt-to-equity ratio of 70.43, a current ratio of 0.75 and a quick ratio of 0.48.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.04. Kimberly Clark had a return on equity of 27,094.12% and a net margin of 10.96%. 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 prior year, the business posted $1.71 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. Sell-side analysts forecast that Kimberly Clark will post 6.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.02%. The ex-dividend date is Thursday, December 5th. Kimberly Clark’s dividend payout ratio is currently 62.33%.
A number of institutional investors and hedge funds have recently modified their holdings of KMB. Nuveen Asset Management LLC boosted its stake 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 buying an additional 1,259,990 shares in the last quarter. APG Asset Management N.V. boosted its stake in Kimberly Clark by 51.9% in the second quarter. APG Asset Management N.V. now owns 2,395,212 shares of the company’s stock worth $280,325,000 after buying an additional 818,574 shares in the last quarter. AQR Capital Management LLC boosted its stake in Kimberly Clark by 82.3% in the second quarter. AQR Capital Management LLC now owns 1,778,692 shares of the company’s stock worth $237,064,000 after buying an additional 803,121 shares in the last quarter. Suvretta Capital Management LLC purchased a new stake in Kimberly Clark in the second quarter worth approximately $97,308,000. Finally, Holocene Advisors LP boosted its stake in Kimberly Clark by 282.3% in the second quarter. Holocene Advisors LP now owns 904,219 shares of the company’s stock worth $120,514,000 after buying an additional 667,683 shares in the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.
About Kimberly Clark
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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