Deutsche Bank lowered shares of Kimberly Clark (NYSE:KMB) from a hold rating to a sell rating in a research note published on Wednesday, Marketbeat reports. Deutsche Bank currently has $99.00 price target on the stock.
KMB has been the topic of several other research reports. ValuEngine upgraded Kimberly Clark from a sell rating to a hold rating in a report on Friday, August 3rd. Bank of America lifted their price target on Kimberly Clark from $110.00 to $120.00 and gave the stock a neutral rating in a report on Thursday, September 6th. Goldman Sachs Group lowered Kimberly Clark from a buy rating to a neutral rating and set a $119.00 price target on the stock. in a report on Monday, October 8th. Zacks Investment Research upgraded Kimberly Clark from a sell rating to a hold rating in a report on Wednesday, August 8th. Finally, Atlantic Securities initiated coverage on Kimberly Clark in a report on Thursday, September 20th. They set an underweight rating and a $114.00 price target on the stock. Five research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $106.67.
KMB stock traded up $1.01 during midday trading on Wednesday, reaching $109.14. The stock had a trading volume of 2,158,620 shares, compared to its average volume of 2,344,177. The company has a debt-to-equity ratio of 32.28, a quick ratio of 0.49 and a current ratio of 0.76. The firm has a market capitalization of $39.51 billion, a P/E ratio of 17.52, a PEG ratio of 2.57 and a beta of 0.70. Kimberly Clark has a 52-week low of $97.10 and a 52-week high of $123.77.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 24th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.60 billion. Kimberly Clark had a return on equity of 432.18% and a net margin of 9.33%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 EPS. On average, equities analysts forecast that Kimberly Clark will post 6.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Friday, September 7th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $4.00 annualized dividend and a yield of 3.67%. Kimberly Clark’s dividend payout ratio (DPR) is currently 64.21%.
In related news, insider Aaron Powell sold 1,100 shares of the business’s stock in a transaction dated Wednesday, July 25th. The shares were sold at an average price of $105.96, for a total value of $116,556.00. Following the sale, the insider now directly owns 1,117 shares in the company, valued at approximately $118,357.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anthony J. Palmer sold 6,445 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $117.34, for a total transaction of $756,256.30. Following the completion of the sale, the insider now owns 6,122 shares in the company, valued at $718,355.48. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Braun Bostich & Associates Inc. grew its position in Kimberly Clark by 1,426.9% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock valued at $108,000 after acquiring an additional 956 shares in the last quarter. Gables Capital Management Inc. acquired a new position in Kimberly Clark in the 1st quarter valued at about $115,000. Fort L.P. acquired a new position in Kimberly Clark in the 2nd quarter valued at about $125,000. Bridgeworth LLC acquired a new position in Kimberly Clark in the 2nd quarter valued at about $135,000. Finally, Shamrock Asset Management LLC grew its position in Kimberly Clark by 44.1% in the 1st quarter. Shamrock Asset Management LLC now owns 1,598 shares of the company’s stock valued at $167,000 after acquiring an additional 489 shares in the last quarter. 73.86% of the stock is owned by institutional investors.
About Kimberly Clark
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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