A number of other research analysts also recently issued reports on KMB. Citigroup boosted their price objective on Kimberly Clark from $123.00 to $135.00 and gave the company a sell rating in a research note on Friday, January 24th. Morgan Stanley raised their target price on shares of Kimberly Clark from $139.00 to $140.00 and gave the stock an equal weight rating in a research note on Tuesday, January 21st. Wells Fargo & Co lifted their price target on shares of Kimberly Clark from $130.00 to $132.00 and gave the company a market perform rating in a report on Tuesday, October 15th. Royal Bank of Canada reaffirmed a hold rating and set a $129.00 price target on shares of Kimberly Clark in a report on Thursday, January 23rd. Finally, Deutsche Bank upped their price target on shares of Kimberly Clark from $126.00 to $132.00 and gave the stock a hold rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $142.64.
NYSE KMB traded up $0.82 on Monday, hitting $145.56. 928,583 shares of the company traded hands, compared to its average volume of 1,506,812. The company has a market capitalization of $50.12 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 3.95 and a beta of 0.47. The company has a current ratio of 0.73, a quick ratio of 0.47 and a debt-to-equity ratio of 32.03. The business’s 50 day moving average price is $141.67 and its 200-day moving average price is $137.77. Kimberly Clark has a 52-week low of $114.62 and a 52-week high of $149.23.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.01. Kimberly Clark had a return on equity of 3,809.60% and a net margin of 11.69%. The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter in the prior year, the business posted $1.60 earnings per share. The business’s quarterly revenue was up .3% on a year-over-year basis. As a group, sell-side analysts predict that Kimberly Clark will post 7.26 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a $1.07 dividend. This is a positive change from Kimberly Clark’s previous quarterly dividend of $1.03. The ex-dividend date is Thursday, March 5th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.94%. Kimberly Clark’s dividend payout ratio is 59.80%.
In related news, insider Aaron Powell sold 3,670 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $145.30, for a total transaction of $533,251.00. Following the completion of the transaction, the insider now owns 5,486 shares in the company, valued at $797,115.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tristram Wilkinson sold 469 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $144.64, for a total transaction of $67,836.16. Following the transaction, the insider now owns 6,079 shares of the company’s stock, valued at approximately $879,266.56. The disclosure for this sale can be found here. Insiders have sold 28,941 shares of company stock valued at $4,173,815 in the last quarter. 0.85% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of KMB. Glassman Wealth Services increased its holdings in shares of Kimberly Clark by 145.1% in the third quarter. Glassman Wealth Services now owns 174 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares during the last quarter. John W. Brooker & Co. CPAs purchased a new stake in shares of Kimberly Clark in the fourth quarter worth about $25,000. Princeton Global Asset Management LLC bought a new position in Kimberly Clark during the fourth quarter valued at approximately $26,000. Horan Capital Advisors LLC. bought a new position in Kimberly Clark during the third quarter valued at approximately $28,000. Finally, Moser Wealth Advisors LLC bought a new position in Kimberly Clark during the fourth quarter valued at approximately $28,000. 71.88% of the stock is owned by institutional investors.
Kimberly Clark Company Profile
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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