Macquarie Begins Coverage on Kimberly-Clark Corporation (KMB)
Macquarie initiated coverage on shares of Kimberly-Clark Corporation (NYSE:KMB) in a report issued on Friday, MarketBeat reports. The brokerage issued a neutral rating and a $121.00 price target on the stock.
Other research analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Kimberly-Clark Corporation from a hold rating to a buy rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on shares of Kimberly-Clark Corporation and gave the company a buy rating in a research report on Monday, June 19th. Jefferies Group LLC restated a hold rating and set a $122.00 price objective (down previously from $133.00) on shares of Kimberly-Clark Corporation in a research report on Thursday, July 6th. Berenberg Bank started coverage on shares of Kimberly-Clark Corporation in a research report on Friday, June 9th. They set a hold rating and a $136.00 price objective on the stock. Finally, Citigroup Inc. set a $132.00 price objective on shares of Kimberly-Clark Corporation and gave the company a hold rating in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $132.07.
Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 121.10 on Friday. The company has a 50 day moving average of $121.55 and a 200-day moving average of $127.86. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The company has a market cap of $42.78 billion, a PE ratio of 20.22 and a beta of 0.78.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.49. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.53 earnings per share. Equities research analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be given a $0.97 dividend. The ex-dividend date is Thursday, September 7th. This represents a $3.88 annualized dividend and a yield of 3.20%. Kimberly-Clark Corporation’s payout ratio is presently 64.88%.
In other news, Director Robert W. Decherd acquired 1,500 shares of Kimberly-Clark Corporation stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average cost of $122.21 per share, with a total value of $183,315.00. Following the completion of the purchase, the director now directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in KMB. Capital Research Global Investors increased its stake in shares of Kimberly-Clark Corporation by 46.6% in the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after purchasing an additional 3,191,549 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Kimberly-Clark Corporation by 5,178.3% in the second quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock worth $319,676,000 after purchasing an additional 2,429,085 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Kimberly-Clark Corporation by 305.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock worth $259,496,000 after purchasing an additional 1,514,722 shares in the last quarter. APG Asset Management N.V. increased its stake in shares of Kimberly-Clark Corporation by 85.3% in the second quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock worth $260,563,000 after purchasing an additional 929,300 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Kimberly-Clark Corporation in the first quarter worth $93,657,000. 70.09% of the stock is owned by hedge funds and other institutional investors.
About Kimberly-Clark Corporation
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. 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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