Kimberly-Clark Corporation (NASDAQ:KMB – Get Free Report) has been given an average recommendation of “Hold” by the sixteen research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $114.9286.
KMB has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Barclays lowered their price objective on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. UBS Group upped their price objective on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Bank of America cut their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th.
Read Our Latest Report on Kimberly-Clark
Kimberly-Clark Trading Down 0.0%
Kimberly-Clark (NASDAQ:KMB – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period last year, the company posted $1.93 EPS. The company’s revenue was up 2.7% on a year-over-year basis. On average, research analysts anticipate that Kimberly-Clark will post 7.48 EPS for the current fiscal year.
Kimberly-Clark Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a $1.28 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 5.1%. Kimberly-Clark’s dividend payout ratio (DPR) is 80.38%.
Insider Activity at Kimberly-Clark
In other news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider directly owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,096 shares of company stock worth $689,687 over the last three months. 0.75% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Kimberly-Clark
A number of institutional investors have recently made changes to their positions in the company. Summitry LLC increased its stake in Kimberly-Clark by 8.9% during the first quarter. Summitry LLC now owns 55,177 shares of the company’s stock valued at $5,323,000 after purchasing an additional 4,503 shares during the last quarter. WNY Asset Management LLC bought a new position in shares of Kimberly-Clark in the 1st quarter worth about $269,000. CTC Alternative Strategies Ltd. acquired a new position in shares of Kimberly-Clark in the 1st quarter valued at about $318,000. Leigh Baldwin & CO. LLC acquired a new position in shares of Kimberly-Clark in the 1st quarter valued at about $209,000. Finally, FinArc Investments Inc. bought a new stake in shares of Kimberly-Clark during the 1st quarter valued at about $297,000. 76.29% of the stock is currently owned by institutional investors.
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.
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