Kimberly-Clark Corporation (NASDAQ:KMB) Stock Has Average Target Price of $115.73

Kimberly-Clark Corporation (NASDAQ:KMB – Get Free Report) has been given a consensus rating of “Hold” by the seventeen analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $112.21.

Several equities analysts have recently commented on KMB shares. Zacks Research lowered Kimberly-Clark from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimberly-Clark in a report on Monday. Piper Sandler decreased their target price on Kimberly-Clark from $121.00 to $118.00 and set an “overweight” rating for the company in a report on Friday, September 11th. TD Cowen decreased their target price on shares of Kimberly-Clark from $104.00 to $97.00 and set a “hold” rating for the company in a research report on Tuesday, October 13th. Finally, Canaccord Genuity Group assumed coverage on shares of Kimberly-Clark in a report on Friday, October 23rd. They issued a “hold” rating and a $105.00 price target on the stock.

View Our Latest Research Report on Kimberly-Clark

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $108.40 on Monday. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The stock has a market cap of $36.05 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 5.96 and a beta of 0.25. The firm has a 50-day moving average of $102.83 and a two-hundred day moving average of $102.91. Kimberly-Clark has a 1 year low of $92.42 and a 1 year high of $123.09.

Kimberly-Clark (NASDAQ:KMB – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%. The business’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $1.92 earnings per share. On average, research analysts forecast that Kimberly-Clark will post 6.83 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a dividend of $1.28 per share. The ex-dividend date was Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 87.07%.

Hedge Funds Weigh In On Kimberly-Clark

Several institutional investors and hedge funds have recently modified their holdings of KMB. BlackRock Inc. bought a new position in Kimberly-Clark in the 2nd quarter worth $3,547,915,000. Bank of America Corp DE lifted its position in Kimberly-Clark by 3.3% during the 2nd quarter. Bank of America Corp DE now owns 6,881,641 shares of the company’s stock worth $755,398,000 after acquiring an additional 219,742 shares during the last quarter. Thornburg Investment Management Inc. acquired a new position in Kimberly-Clark during the 2nd quarter worth $632,373,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kimberly-Clark by 8.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,116,768 shares of the company’s stock valued at $342,128,000 after acquiring an additional 249,832 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Kimberly-Clark during the second quarter valued at about $239,612,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

About Kimberly-Clark

(Get Free Report)

Kimberly-Clark Corporation (NASDAQ:KMB) is a global consumer products company that develops and markets personal care, tissue and professional hygiene products. Its portfolio includes products for babies and children, feminine care, adult care, family care and workplace hygiene.

The company’s well-known brands include Huggies diapers and wipes, Kleenex facial tissue, Cottonelle bathroom tissue, Scott toilet paper and paper towels, Kotex feminine care products, and Depend, Poise and GoodNites products.

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Analyst Recommendations for Kimberly-Clark (NASDAQ:KMB)

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