Kimberly-Clark (NYSE:KMB) Cut to Hold at StockNews.com

StockNews.com cut shares of Kimberly-Clark (NYSE:KMBFree Report) from a buy rating to a hold rating in a report issued on Friday morning.

KMB has been the topic of a number of other reports. The Goldman Sachs Group started coverage on Kimberly-Clark in a report on Friday, March 1st. They issued a buy rating and a $135.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Kimberly-Clark from $119.00 to $125.00 and gave the company an underweight rating in a report on Thursday, January 18th. Piper Sandler started coverage on Kimberly-Clark in a report on Friday, November 17th. They set an overweight rating and a $146.00 price objective on the stock. Barclays lowered their price objective on shares of Kimberly-Clark from $128.00 to $124.00 and set an equal weight rating for the company in a research report on Friday, January 26th. Finally, Royal Bank of Canada decreased their target price on shares of Kimberly-Clark from $125.00 to $123.00 and set a sector perform rating on the stock in a research report on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and an average target price of $130.36.

Read Our Latest Analysis on KMB

Kimberly-Clark Trading Down 0.3 %

Kimberly-Clark stock opened at $124.47 on Friday. Kimberly-Clark has a 12-month low of $116.32 and a 12-month high of $147.87. The firm has a market capitalization of $41.94 billion, a price-to-earnings ratio of 23.94, a P/E/G ratio of 4.02 and a beta of 0.40. The firm has a 50 day moving average of $122.22 and a 200 day moving average of $122.07. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 6.94.

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

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.92%. The ex-dividend date is Thursday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s dividend payout ratio (DPR) is currently 93.85%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Tristram Wilkinson sold 3,720 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 17,229 shares of the company’s stock, valued at $2,084,709. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the sale, the insider now directly owns 17,229 shares in the company, valued at approximately $2,084,709. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark T. Smucker purchased 827 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the purchase, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kimberly-Clark

A number of hedge funds and other institutional investors have recently modified their holdings of KMB. BlackRock Inc. boosted its position in Kimberly-Clark by 4.7% during the 2nd quarter. BlackRock Inc. now owns 29,102,531 shares of the company’s stock valued at $4,017,895,000 after acquiring an additional 1,312,765 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Kimberly-Clark by 2.5% during 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 purchasing an additional 177,712 shares in the last quarter. Geode Capital Management LLC grew its stake in Kimberly-Clark by 3.0% in the second quarter. Geode Capital Management LLC now owns 6,660,439 shares of the company’s stock valued at $917,368,000 after purchasing an additional 195,226 shares during the last quarter. American Century Companies Inc. raised its holdings in Kimberly-Clark by 14.7% in the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after purchasing an additional 641,187 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Kimberly-Clark by 3.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,948,226 shares of the company’s stock valued at $601,260,000 after buying an additional 144,779 shares during the last quarter. 74.38% of the stock is currently owned by institutional investors.

About Kimberly-Clark

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Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. 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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