Atlantic Securities assumed coverage on shares of Kimberly-Clark Corp. (NYSE:KMB) in a research report released on Monday morning. The firm issued an underweight rating and a $124.00 price objective on the stock.
A number of other brokerages have also recently issued reports on KMB. Zacks Investment Research upgraded shares of Kimberly-Clark Corp. from a hold rating to a buy rating and set a $146.00 price objective for the company in a report on Tuesday, June 28th. Goldman Sachs Group Inc. reiterated a conviction-buy rating and issued a $156.00 price objective (up from $152.00) on shares of Kimberly-Clark Corp. in a report on Friday, July 15th. B. Riley reiterated a neutral rating and issued a $124.00 price objective on shares of Kimberly-Clark Corp. in a report on Sunday, July 31st. Citigroup Inc. upped their price objective on shares of Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a neutral rating in a report on Wednesday, July 27th. Finally, Deutsche Bank AG reiterated a hold rating and issued a $132.00 price objective (up from $130.00) on shares of Kimberly-Clark Corp. in a report on Sunday, July 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $135.22.
Shares of Kimberly-Clark Corp. (NYSE:KMB) opened at 121.63 on Monday. The firm has a market cap of $43.74 billion, a PE ratio of 22.55 and a beta of 0.42. The stock’s 50 day moving average price is $124.95 and its 200 day moving average price is $129.76. Kimberly-Clark Corp. has a 12-month low of $116.38 and a 12-month high of $138.87.
Kimberly-Clark Corp. (NYSE:KMB) last posted its quarterly earnings results on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.05. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 earnings per share. On average, equities research analysts predict that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio is currently 68.40%.
In other news, SVP Thomas J. Mielke sold 11,946 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $127.37, for a total transaction of $1,521,562.02. Following the completion of the transaction, the senior vice president now owns 33,557 shares of the company’s stock, valued at $4,274,155.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Thomas J. Falk sold 206,445 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $133.40, for a total transaction of $27,539,763.00. Following the transaction, the chairman now directly owns 125,574 shares of the company’s stock, valued at approximately $16,751,571.60. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Management Corp VA raised its position in shares of Kimberly-Clark Corp. by 0.5% in the second quarter. Capital Management Corp VA now owns 1,778 shares of the company’s stock worth $244,000 after buying an additional 8 shares in the last quarter. Hanson & Doremus Investment Management raised its position in Kimberly-Clark Corp. by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 1,145 shares of the company’s stock valued at $157,000 after buying an additional 10 shares during the period. Adirondack Trust Co. raised its position in Kimberly-Clark Corp. by 0.4% in the second quarter. Adirondack Trust Co. now owns 2,643 shares of the company’s stock valued at $363,000 after buying an additional 11 shares during the period. Woodmont Investment Counsel LLC raised its position in Kimberly-Clark Corp. by 0.3% in the second quarter. Woodmont Investment Counsel LLC now owns 4,557 shares of the company’s stock valued at $626,000 after buying an additional 12 shares during the period. Finally, Kistler Tiffany Companies LLC raised its position in Kimberly-Clark Corp. by 0.4% in the second quarter. Kistler Tiffany Companies LLC now owns 3,018 shares of the company’s stock valued at $415,000 after buying an additional 13 shares during the period. 68.37% of the stock is owned by institutional investors and hedge funds.
Kimberly-Clark Corp. Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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.
Receive News & Ratings for Kimberly-Clark Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corp. and related companies with MarketBeat.com's FREE daily email newsletter.