Kimberly Clark Corp (KMB) Given Consensus Recommendation of “Hold” by Brokerages
Kimberly Clark Corp (NYSE:KMB) has been given an average rating of “Hold” by the eighteen analysts that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $124.46.
Several research firms recently commented on KMB. Zacks Investment Research upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a research report on Wednesday, January 10th. Citigroup set a $112.00 price objective on shares of Kimberly Clark and gave the stock a “sell” rating in a research report on Wednesday, January 24th. Bank of America decreased their price objective on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 24th. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Finally, Wells Fargo & Co decreased their price objective 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.
Kimberly Clark (NYSE:KMB) traded up $0.28 during trading on Wednesday, hitting $116.10. 2,013,600 shares of the company traded hands, compared to its average volume of 2,807,545. Kimberly Clark has a 1-year low of $109.51 and a 1-year high of $136.21. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 7.34. The stock has a market cap of $40,717.00, a price-to-earnings ratio of 18.11, a PEG ratio of 2.10 and a beta of 0.66.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.45%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, March 8th. Kimberly Clark’s dividend payout ratio is 60.53%.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $119.77, for a total value of $2,773,633.66. Following the transaction, the insider now directly owns 31,141 shares in the company, valued at approximately $3,729,757.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of KMB. San Francisco Sentry Investment Group CA increased its position in Kimberly Clark by 2,385.0% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock worth $117,000 after purchasing an additional 954 shares in the last quarter. Heritage Trust Co increased its position in Kimberly Clark by 11.2% during the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after purchasing an additional 100 shares in the last quarter. Truewealth LLC acquired a new stake in Kimberly Clark during the 4th quarter worth approximately $123,000. Shamrock Asset Management LLC increased its position in Kimberly Clark by 220.5% during the 4th quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock worth $134,000 after purchasing an additional 763 shares in the last quarter. Finally, Mosaic Family Wealth LLC increased its position in Kimberly Clark by 0.5% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after purchasing an additional 6 shares in the last quarter. 72.97% of the stock is owned by institutional investors.
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.
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