Citigroup cut shares of Kimberly Clark (NYSE:KMB) from a neutral rating to a sell rating in a research note issued to investors on Monday morning, MarketBeat reports. They currently have $113.00 price objective on the stock.

A number of other equities research analysts also recently issued reports on KMB. Zacks Investment Research downgraded shares of Kimberly Clark from a hold rating to a sell rating in a research report on Monday, October 16th. Bank of America cut their price objective on shares of Kimberly Clark from $123.00 to $120.00 and set a neutral rating for the company in a research report on Tuesday, October 24th. Barclays reissued a hold rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Royal Bank of Canada reissued a hold rating and set a $121.00 price objective on shares of Kimberly Clark in a research report on Friday, October 13th. Finally, Wells Fargo & Company cut their price objective on shares of Kimberly Clark from $121.00 to $117.00 and set a market perform rating for the company in a research report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $126.36.

Shares of Kimberly Clark (NYSE KMB) opened at $117.39 on Monday. The firm has a market cap of $40,944.55, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 3.03 and a beta of 0.76. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. Kimberly Clark has a 12 month low of $109.67 and a 12 month high of $136.21.

Kimberly Clark (NYSE:KMB) last announced its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.65 billion. During the same period in the previous year, the business earned $1.52 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. equities research analysts predict that Kimberly Clark will post 6.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.31%. The ex-dividend date is Thursday, December 7th. Kimberly Clark’s dividend payout ratio is currently 64.03%.

A number of institutional investors have recently modified their holdings of KMB. Capital Research Global Investors boosted its holdings in shares of Kimberly Clark by 46.6% during the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after purchasing an additional 3,191,549 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Kimberly Clark by 5,178.3% during the 2nd quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock valued at $319,676,000 after purchasing an additional 2,429,085 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Kimberly Clark by 305.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock valued at $259,496,000 after purchasing an additional 1,514,722 shares during the last quarter. APG Asset Management N.V. boosted its holdings in shares of Kimberly Clark by 85.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after purchasing an additional 929,300 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Kimberly Clark by 29,110.9% during the 3rd quarter. Stifel Financial Corp now owns 778,470 shares of the company’s stock valued at $91,647,000 after purchasing an additional 775,805 shares during the last quarter. 71.61% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This report was published by Daily Political and is owned by of Daily Political. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/12/14/kimberly-clark-kmb-downgraded-by-citigroup.html.

Kimberly Clark 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’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.

Analyst Recommendations for Kimberly Clark (NYSE:KMB)

Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.