Kimberly-Clark Co. (NYSE:KMB) Receives Average Rating of “Reduce” from Analysts

Shares of Kimberly-Clark Co. (NYSE:KMBGet Free Report) have been given an average rating of “Reduce” by the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $130.14.

KMB has been the subject of several research reports. Barclays dropped their target price on shares of Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating for the company in a report on Friday, January 26th. The Goldman Sachs Group dropped their price target on shares of Kimberly-Clark from $147.00 to $132.00 and set a “neutral” rating for the company in a research note on Tuesday, October 10th. Bank of America downgraded shares of Kimberly-Clark from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $135.00 to $115.00 in a research note on Friday, December 15th. Royal Bank of Canada dropped their price target on shares of Kimberly-Clark from $125.00 to $123.00 and set a “sector perform” rating for the company in a research note on Thursday, January 25th. Finally, Piper Sandler initiated coverage on shares of Kimberly-Clark in a research note on Friday, November 17th. They issued an “overweight” rating and a $146.00 price target for the company.

Check Out Our Latest Report on KMB

Insider Activity at Kimberly-Clark

In related news, insider Jeffrey P. Melucci sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $121.71, for a total value of $365,130.00. Following the completion of the sale, the insider now directly owns 25,169 shares of the company’s stock, valued at $3,063,318.99. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Jeffrey P. Melucci sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $121.71, for a total value of $365,130.00. Following the completion of the sale, the insider now directly owns 25,169 shares of the company’s stock, valued at $3,063,318.99. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Tristram Wilkinson sold 3,720 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the sale, the insider now directly owns 17,229 shares of the company’s stock, valued at $2,084,709. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kimberly-Clark

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Kimberly-Clark by 4.7% in the second quarter. BlackRock Inc. now owns 29,102,531 shares of the company’s stock valued at $4,017,895,000 after buying an additional 1,312,765 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Kimberly-Clark by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock valued at $869,090,000 after buying an additional 177,712 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Kimberly-Clark by 3.0% during the second quarter. Geode Capital Management LLC now owns 6,660,439 shares of the company’s stock worth $917,368,000 after acquiring an additional 195,226 shares during the period. American Century Companies Inc. increased its stake in shares of Kimberly-Clark by 14.7% during the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after acquiring an additional 641,187 shares during the period. Finally, Morgan Stanley increased its stake in shares of Kimberly-Clark by 4.6% during the third quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after acquiring an additional 212,739 shares during the period. 74.38% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Down 1.0 %

KMB stock opened at $121.02 on Tuesday. Kimberly-Clark has a one year low of $116.32 and a one year high of $147.87. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82. The firm’s 50 day moving average price is $121.86 and its 200-day moving average price is $123.55. The firm has a market cap of $40.90 billion, a PE ratio of 23.27, a PEG ratio of 3.84 and a beta of 0.41.

Kimberly-Clark (NYSE:KMBGet Free Report) last posted its earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The company had revenue of $5 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the business posted $1.54 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts anticipate that Kimberly-Clark will post 6.83 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be paid a dividend of $1.22 per share. The ex-dividend date is Thursday, March 7th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 4.03%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s payout ratio is presently 90.77%.

Kimberly-Clark Company Profile

(Get Free Report

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.

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Analyst Recommendations for Kimberly-Clark (NYSE:KMB)

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