Kimberly-Clark Corporation (NASDAQ:KMB) Receives $124.62 Average PT from Analysts

Kimberly-Clark Corporation (NASDAQ:KMB) has been given a consensus recommendation of “Hold” by the fifteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $124.6154.

Several research analysts recently weighed in on the company. Piper Sandler dropped their target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Citigroup lowered their price target on Kimberly-Clark from $100.00 to $95.00 and set a “sell” rating for the company in a report on Wednesday, December 17th. Barclays set a $132.00 price target on Kimberly-Clark in a research note on Monday, November 3rd. Evercore ISI restated an “in-line” rating and set a $120.00 price objective (down previously from $150.00) on shares of Kimberly-Clark in a report on Tuesday, November 4th. Finally, Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 4th.

Hedge Funds Weigh In On Kimberly-Clark

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. purchased a new stake in Kimberly-Clark during the 2nd quarter valued at about $25,000. Cloud Capital Management LLC acquired a new stake in shares of Kimberly-Clark during the third quarter worth about $25,000. True Wealth Design LLC lifted its holdings in shares of Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares during the period. Princeton Global Asset Management LLC boosted its position in Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after buying an additional 188 shares during the last quarter. Finally, Winnow Wealth LLC acquired a new position in Kimberly-Clark in the 2nd quarter worth approximately $27,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.7%

NASDAQ KMB opened at $100.89 on Tuesday. Kimberly-Clark has a 52 week low of $99.22 and a 52 week high of $150.45. The company has a 50 day moving average price of $105.20 and a 200 day moving average price of $119.87. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.41. The firm has a market cap of $33.48 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 4.38 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.37. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $1.83 earnings per share. As a group, sell-side analysts forecast that Kimberly-Clark will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Friday, December 5th. Kimberly-Clark’s payout ratio is presently 85.28%.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.