Kimberly-Clark (NASDAQ:KMB) Sets New 52-Week Low – What’s Next?

Kimberly-Clark Corporation (NASDAQ:KMB) shares reached a new 52-week low during trading on Monday . The company traded as low as $98.73 and last traded at $98.5180, with a volume of 1557372 shares. The stock had previously closed at $101.40.

Analyst Ratings Changes

KMB has been the subject of several research reports. Morgan Stanley reduced their price target on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 4th. TD Cowen reduced their price target on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday, October 31st. Royal Bank Of Canada reiterated an “overweight” rating and issued a $162.00 price objective on shares of Kimberly-Clark in a research note on Tuesday, October 28th. JPMorgan Chase & Co. upped their target price on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $124.23.

Kimberly-Clark Price Performance

The company’s 50 day simple moving average is $104.85 and its 200 day simple moving average is $119.54. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41. The stock has a market capitalization of $32.55 billion, a PE ratio of 16.60, a PEG ratio of 3.89 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.37. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The business’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $1.83 earnings per share. On average, equities analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.04 annualized dividend and a dividend yield of 5.1%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 85.28%.

Hedge Funds Weigh In On Kimberly-Clark

A number of hedge funds have recently made changes to their positions in the stock. Investment Research & Advisory Group Inc. purchased a new stake in Kimberly-Clark during the second quarter valued at about $25,000. Cloud Capital Management LLC acquired a new stake in Kimberly-Clark during the 3rd quarter worth approximately $25,000. Princeton Global Asset Management LLC lifted its position in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after buying an additional 188 shares in the last quarter. Winnow Wealth LLC purchased a new stake in Kimberly-Clark during the second quarter worth approximately $27,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark in the second quarter worth $27,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.