Kimberly-Clark Corporation (KMB) Stock Rating Lowered by Barclays PLC
Barclays PLC lowered shares of Kimberly-Clark Corporation (NYSE:KMB) from an overweight rating to an equal weight rating in a report released on Monday. The brokerage currently has $109.00 price target on the stock, down from their previous price target of $125.00.
A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company reiterated a market perform rating on shares of Kimberly-Clark Corporation in a report on Tuesday, November 15th. Zacks Investment Research upgraded Kimberly-Clark Corporation from a sell rating to a hold rating in a report on Tuesday, December 20th. Goldman Sachs Group, Inc. (The) restated a buy rating and set a $154.00 price objective on shares of Kimberly-Clark Corporation in a report on Monday, September 12th. Societe Generale restated a buy rating and set a $139.00 price objective on shares of Kimberly-Clark Corporation in a report on Thursday, October 27th. Finally, Atlantic Securities began coverage on Kimberly-Clark Corporation in a report on Monday, October 10th. They set an underweight rating and a $124.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $128.60.
Kimberly-Clark Corporation (NYSE:KMB) traded up 0.10% during midday trading on Monday, hitting $114.58. The stock had a trading volume of 154,071 shares. The stock has a market capitalization of $41.04 billion, a PE ratio of 20.84 and a beta of 0.60. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $138.87. The stock’s 50-day moving average is $114.92 and its 200-day moving average is $122.64.
Kimberly-Clark Corporation (NYSE:KMB) last issued its earnings results on Monday, October 24th. The company reported $1.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.54 by $0.02. The business earned $4.60 billion during the quarter, compared to the consensus estimate of $4.73 billion. Kimberly-Clark Corporation had a return on equity of 648.51% and a net margin of 10.96%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.51 earnings per share. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post $6.00 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 4th. Shareholders of record on Friday, December 9th were given a $0.92 dividend. The ex-dividend date was Wednesday, December 7th. This represents a $3.68 annualized dividend and a yield of 3.22%. Kimberly-Clark Corporation’s dividend payout ratio is currently 67.03%.
In other Kimberly-Clark Corporation news, SVP Thomas J. Mielke sold 11,946 shares of the business’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $113.34, for a total value of $1,353,959.64. Following the transaction, the senior vice president now owns 30,091 shares of the company’s stock, valued at $3,410,513.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Decherd acquired 2,000 shares of the business’s stock in a transaction on Thursday, October 27th. The stock was acquired at an average cost of $113.59 per share, for a total transaction of $227,180.00. Following the transaction, the director now owns 41,944 shares of the company’s stock, valued at approximately $4,764,418.96. The disclosure for this purchase can be found here. 0.58% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Kimberly-Clark Corporation by 2.8% in the second quarter. Vanguard Group Inc. now owns 25,395,093 shares of the company’s stock worth $3,491,317,000 after buying an additional 695,252 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Kimberly-Clark Corporation by 1.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,464,788 shares of the company’s stock worth $1,320,028,000 after buying an additional 191,972 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Kimberly-Clark Corporation by 2.9% in the third quarter. BlackRock Fund Advisors now owns 8,062,838 shares of the company’s stock worth $1,017,046,000 after buying an additional 224,479 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of Kimberly-Clark Corporation by 73.5% in the second quarter. Janus Capital Management LLC now owns 5,203,212 shares of the company’s stock worth $715,337,000 after buying an additional 2,204,022 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Kimberly-Clark Corporation by 5.9% in the third quarter. Bank of New York Mellon Corp now owns 4,127,634 shares of the company’s stock worth $520,661,000 after buying an additional 230,574 shares in the last quarter. 67.74% of the stock is currently owned by institutional investors and hedge funds.
Kimberly-Clark Corporation Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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