Kimberly Clark (NYSE:KMB) had its target price raised by Wells Fargo & Co from $97.00 to $105.00 in a research note issued to investors on Wednesday morning, The Fly reports. They currently have a market perform rating on the stock.
A number of other analysts have also recently commented on the stock. Morgan Stanley boosted their target price on shares of Kimberly Clark from $94.00 to $102.00 and gave the company a sell rating in a report on Friday, August 31st. Atlantic Securities initiated coverage on shares of Kimberly Clark in a report on Thursday, September 20th. They set an underweight rating and a $114.00 target price on the stock. Bank of America upped their price target on shares of Kimberly Clark from $110.00 to $120.00 and gave the stock a neutral rating in a research note on Thursday, September 6th. ValuEngine upgraded shares of Kimberly Clark from a sell rating to a hold rating in a research note on Thursday, September 6th. Finally, Deutsche Bank upped their price target on shares of Kimberly Clark from $103.00 to $108.00 and gave the stock a hold rating in a research note on Thursday, August 16th. Five equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock currently has an average rating of Hold and an average target price of $105.43.
Shares of KMB stock traded up $0.47 during mid-day trading on Wednesday, reaching $109.29. 60,825 shares of the company’s stock traded hands, compared to its average volume of 2,337,367. Kimberly Clark has a 12 month low of $97.10 and a 12 month high of $123.77. The stock has a market cap of $39.51 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 2.57 and a beta of 0.70. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 32.28.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 24th. The company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.02. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the previous year, the business posted $1.49 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, sell-side analysts forecast that Kimberly Clark will post 6.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Friday, September 7th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Thursday, September 6th. Kimberly Clark’s payout ratio is 64.21%.
In other Kimberly Clark news, insider Aaron Powell sold 1,100 shares of the business’s stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $105.96, for a total value of $116,556.00. Following the completion of the transaction, the insider now owns 1,117 shares of the company’s stock, valued at approximately $118,357.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Anthony J. Palmer sold 6,445 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $117.34, for a total value of $756,256.30. Following the completion of the transaction, the insider now directly owns 6,122 shares of the company’s stock, valued at approximately $718,355.48. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.
A number of large investors have recently modified their holdings of KMB. Ancora Advisors LLC purchased a new position in Kimberly Clark in the 1st quarter worth about $245,000. Private Capital Group LLC raised its position in Kimberly Clark by 263.1% in the 1st quarter. Private Capital Group LLC now owns 3,188 shares of the company’s stock worth $354,000 after buying an additional 2,310 shares during the last quarter. NEXT Financial Group Inc raised its position in Kimberly Clark by 51.3% in the 1st quarter. NEXT Financial Group Inc now owns 7,041 shares of the company’s stock worth $775,000 after buying an additional 2,388 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in Kimberly Clark by 341.8% in the 1st quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 40,200 shares of the company’s stock worth $4,427,000 after buying an additional 31,100 shares during the last quarter. Finally, Gables Capital Management Inc. purchased a new position in Kimberly Clark in the 1st quarter worth about $115,000. 73.86% 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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