Evercore ISI Cuts Kimberly-Clark (NYSE:KMB) Price Target to $150.00

Kimberly-Clark (NYSE:KMB) had its price objective reduced by Evercore ISI from $155.00 to $150.00 in a report issued on Monday,Benzinga reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued reports about the company. UBS Group dropped their price objective on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. JPMorgan Chase & Co. raised Kimberly-Clark from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $125.00 to $138.00 in a report on Monday, August 4th. Barclays boosted their target price on Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Finally, Piper Sandler started coverage on Kimberly-Clark in a research report on Friday, July 18th. They set an “overweight” rating and a $144.00 target price for the company. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $142.20.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $123.93 on Monday. The stock has a market capitalization of $41.12 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 4.46 and a beta of 0.32. Kimberly-Clark has a 12-month low of $122.58 and a 12-month high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock has a 50-day simple moving average of $129.54 and a 200 day simple moving average of $133.63.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.25. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.96 EPS. On average, research analysts anticipate that Kimberly-Clark will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.1%. Kimberly-Clark’s payout ratio is currently 69.42%.

Hedge Funds Weigh In On Kimberly-Clark

Institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio acquired a new position in shares of Kimberly-Clark in the 1st quarter valued at approximately $12,854,000. Elevate Capital Advisors LLC grew its position in shares of Kimberly-Clark by 46.4% in the 1st quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company’s stock valued at $1,770,000 after purchasing an additional 3,944 shares during the period. Citigroup Inc. grew its position in shares of Kimberly-Clark by 86.8% in the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock valued at $72,473,000 after purchasing an additional 236,733 shares during the period. Unigestion Holding SA grew its position in shares of Kimberly-Clark by 8.2% in the 1st quarter. Unigestion Holding SA now owns 127,623 shares of the company’s stock valued at $18,145,000 after purchasing an additional 9,643 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Kimberly-Clark by 270.2% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock valued at $140,043,000 after purchasing an additional 718,720 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.