Kimberly-Clark Corporation (NASDAQ:KMB) Receives $115.43 Average PT from Brokerages

Kimberly-Clark Corporation (NASDAQ:KMB) has received an average recommendation of “Hold” from the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $115.4286.

A number of brokerages recently issued reports on KMB. UBS Group increased their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Zacks Research downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Piper Sandler increased their price target on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a report on Wednesday, June 24th.

Kimberly-Clark Stock Up 0.5%

NASDAQ:KMB opened at $109.91 on Tuesday. The firm has a market capitalization of $36.48 billion, a P/E ratio of 17.25, a PEG ratio of 4.90 and a beta of 0.28. Kimberly-Clark has a 1-year low of $92.42 and a 1-year high of $137.46. The company’s fifty day moving average price is $99.58 and its 200-day moving average price is $100.84. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the firm posted $1.93 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Kimberly-Clark will post 7.48 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio is 80.38%.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider directly owned 8,362 shares of the company’s stock, valued at $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,096 shares of company stock worth $689,687 over the last three months. 0.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kimberly-Clark

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Shariaportfolio Inc. purchased a new position in Kimberly-Clark during the first quarter valued at $248,000. FAS Wealth Partners Inc. lifted its holdings in Kimberly-Clark by 13.0% during the first quarter. FAS Wealth Partners Inc. now owns 2,579 shares of the company’s stock valued at $249,000 after purchasing an additional 296 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in Kimberly-Clark by 123.3% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 32,350 shares of the company’s stock valued at $3,123,000 after purchasing an additional 17,866 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Kimberly-Clark by 68.1% during the first quarter. Parallel Advisors LLC now owns 5,028 shares of the company’s stock valued at $485,000 after purchasing an additional 2,037 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Kimberly-Clark by 916.3% during the first quarter. NewEdge Advisors LLC now owns 575,164 shares of the company’s stock valued at $55,486,000 after purchasing an additional 518,571 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

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.