Kimberly-Clark (NYSE:KMB) PT Lowered to $140.00

Kimberly-Clark (NYSE:KMB) had its target price cut by JPMorgan Chase & Co. from $142.00 to $140.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an underweight rating on the stock.

Several other analysts also recently commented on the stock. UBS Group lowered their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday. Argus upgraded Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Wells Fargo & Company decreased their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, Piper Sandler raised their target price on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Stock Down 1.1 %

Shares of NYSE KMB opened at $135.52 on Wednesday. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.58. The company has a 50-day moving average price of $142.94 and a 200-day moving average price of $138.71. The stock has a market capitalization of $45.63 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.89 and a beta of 0.39. Kimberly-Clark has a 1 year low of $116.63 and a 1 year high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 EPS. On average, equities research analysts forecast that Kimberly-Clark will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.60%. Kimberly-Clark’s payout ratio is 63.29%.

Insider Transactions at Kimberly-Clark

In related news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Kimberly-Clark

A number of institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Kimberly-Clark by 18.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock worth $58,738,000 after purchasing an additional 69,794 shares in the last quarter. Vest Financial LLC increased its holdings in shares of Kimberly-Clark by 6.5% in the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock worth $49,409,000 after buying an additional 21,339 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Kimberly-Clark during the 2nd quarter valued at $14,751,000. Swedbank AB lifted its holdings in shares of Kimberly-Clark by 4.0% during the 2nd quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after acquiring an additional 6,392 shares during the last quarter. Finally, PGGM Investments grew its position in Kimberly-Clark by 84.6% in the second quarter. PGGM Investments now owns 25,927 shares of the company’s stock worth $3,583,000 after acquiring an additional 11,882 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

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.