Kimberly-Clark Corporation (NASDAQ:KMB) Receives $117.93 Consensus Target Price from Brokerages

Shares of Kimberly-Clark Corporation (NASDAQ:KMB) have been assigned an average recommendation of “Hold” from the seventeen research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $117.9286.

A number of research analysts recently weighed in on the company. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. TD Cowen increased their price target on Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. UBS Group boosted their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th.

Kimberly-Clark Price Performance

KMB opened at $102.93 on Friday. Kimberly-Clark has a 1 year low of $92.42 and a 1 year high of $131.53. The company’s 50 day simple moving average is $109.60 and its 200 day simple moving average is $103.62. The stock has a market capitalization of $34.23 billion, a PE ratio of 17.51, a P/E/G ratio of 4.39 and a beta of 0.25. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the prior year, the business earned $1.92 EPS. The business’s revenue for the quarter was up .6% on a year-over-year basis. As a group, sell-side analysts expect that Kimberly-Clark will post 7.43 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 5.0%. Kimberly-Clark’s payout ratio is 87.07%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System boosted its holdings in shares of Kimberly-Clark by 11,088.4% during the second quarter. California State Teachers Retirement System now owns 43,186,921 shares of the company’s stock worth $4,740,628,000 after purchasing an additional 42,800,922 shares during the period. BlackRock Inc. purchased a new position in shares of Kimberly-Clark during the 2nd quarter valued at $3,547,915,000. State Street Corp increased its stake in shares of Kimberly-Clark by 1.4% in the fourth quarter. State Street Corp now owns 21,125,118 shares of the company’s stock worth $2,157,746,000 after acquiring an additional 294,228 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Kimberly-Clark by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock worth $1,202,322,000 after acquiring an additional 299,382 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Kimberly-Clark by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock worth $836,216,000 after acquiring an additional 65,619 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Company Profile

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.