Kimberly-Clark Corporation (KMB) Receives Average Recommendation of “Hold” from Brokerages
Kimberly-Clark Corporation (NYSE:KMB) has been given a consensus rating of “Hold” by the seventeen research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $125.75.
Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Kimberly-Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Bank of America dropped their price target on shares of Kimberly-Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 24th. Societe Generale upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and raised their target price for the stock from $112.05 to $144.00 in a research report on Thursday, November 2nd. Finally, Citigroup lowered their target price on shares of Kimberly-Clark from $125.00 to $124.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th.
A number of hedge funds have recently bought and sold shares of the business. Burgundy Asset Management Ltd. grew its holdings in shares of Kimberly-Clark by 0.4% during the third quarter. Burgundy Asset Management Ltd. now owns 471,621 shares of the company’s stock worth $55,500,000 after buying an additional 2,049 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Kimberly-Clark by 375.0% during the third quarter. Chicago Partners Investment Group LLC now owns 1,900 shares of the company’s stock worth $224,000 after buying an additional 1,500 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Kimberly-Clark during the third quarter valued at approximately $1,922,000. Smith Shellnut Wilson LLC ADV acquired a new position in Kimberly-Clark during the third quarter valued at approximately $287,000. Finally, Archford Capital Strategies LLC boosted its position in Kimberly-Clark by 7.6% during the third quarter. Archford Capital Strategies LLC now owns 13,344 shares of the company’s stock valued at $1,570,000 after purchasing an additional 947 shares during the last quarter. Hedge funds and other institutional investors own 71.60% of the company’s stock.
Kimberly-Clark (KMB) opened at $120.08 on Friday. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. Kimberly-Clark has a 1 year low of $109.67 and a 1 year high of $136.21. The firm has a market cap of $41,950.00, a PE ratio of 19.21, a P/E/G ratio of 3.05 and a beta of 0.74.
Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Monday, October 23rd. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.54 by $0.06. Kimberly-Clark had a net margin of 11.89% and a return on equity of 666.97%. The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the previous year, the business posted $1.52 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. equities analysts expect that Kimberly-Clark will post 6.2 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.23%. The ex-dividend date is Thursday, December 7th. Kimberly-Clark’s dividend payout ratio (DPR) is 64.03%.
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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