Kimberly-Clark (NASDAQ:KMB) Price Target Raised to $112.00

Kimberly-Clark (NASDAQ:KMB) had its price target raised by BNP Paribas Exane from $110.00 to $112.00 in a research report sent to investors on Monday,Benzinga reports. BNP Paribas Exane currently has a neutral rating on the stock.

Several other brokerages have also recently issued reports on KMB. Canaccord Genuity Group initiated coverage on Kimberly-Clark in a research note on Friday, October 23rd. They issued a “hold” rating and a $105.00 price objective on the stock. Zacks Research lowered shares of Kimberly-Clark from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. TD Cowen reduced their price objective on Kimberly-Clark from $104.00 to $97.00 and set a “hold” rating for the company in a research note on Tuesday, October 13th. UBS Group increased their price target on Kimberly-Clark from $106.00 to $113.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 28th. Finally, Piper Sandler lifted their target price on shares of Kimberly-Clark from $118.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $113.20.

Kimberly-Clark Trading Down 1.7%

Shares of Kimberly-Clark stock opened at $108.86 on Monday. The company has a market capitalization of $36.21 billion, a P/E ratio of 15.11, a P/E/G ratio of 5.78 and a beta of 0.25. The company has a fifty day moving average of $102.72 and a 200 day moving average of $103.36. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.89. Kimberly-Clark has a fifty-two week low of $92.42 and a fifty-two week high of $116.82.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Thursday, November 5th. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. Kimberly-Clark had a return on equity of 114.93% and a net margin of 19.93%. The company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.13 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that Kimberly-Clark will post 7.40 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Friday, December 4th will be issued a $1.28 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is 51.66%.

Institutional Trading of Kimberly-Clark

Large investors have recently bought and sold shares of the company. Lynch Investment Planning LLC acquired a new stake in shares of Kimberly-Clark in the third quarter valued at approximately $26,000. Ancora Advisors LLC acquired a new stake in Kimberly-Clark during the 2nd quarter valued at $32,000. John Boyer Inc. purchased a new position in Kimberly-Clark during the third quarter worth $28,000. Edmond DE Rothschild Holding S.A. purchased a new position in Kimberly-Clark during the second quarter worth $32,000. Finally, Clearstead Trust LLC purchased a new position in Kimberly-Clark in the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a global consumer products company that develops and sells personal care, tissue and hygiene products. Its offerings include diapers and training pants, feminine care and adult incontinence products, facial and bathroom tissues, paper towels and wipes. The company’s portfolio includes brands such as Huggies, Kleenex, Scott, Cottonelle, Depend, Poise and Kotex. Kimberly-Clark also provides products for businesses and institutions, including workplace and professional-use tissue and hygiene products.