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

Kimberly-Clark (NYSE:KMB) had its price target decreased by Evercore ISI from $155.00 to $150.00 in a research report report published on Monday,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Several other analysts have also recently weighed in on KMB. UBS Group cut their price objective on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 17th. JPMorgan Chase & Co. raised Kimberly-Clark from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Barclays lifted their price objective on Kimberly-Clark from $134.00 to $139.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Finally, Piper Sandler initiated coverage on Kimberly-Clark in a research report on Friday, July 18th. They set an “overweight” rating and a $144.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $142.20.

Kimberly-Clark Stock Down 0.4%

NYSE KMB opened at $124.07 on Monday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock has a market capitalization of $41.16 billion, a PE ratio of 16.43, a PEG ratio of 4.46 and a beta of 0.32. Kimberly-Clark has a 1 year low of $123.80 and a 1 year high of $150.45. The business’s 50-day moving average is $129.67 and its 200 day moving average is $133.77.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.25. The company had revenue of $4.16 billion for 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%.Kimberly-Clark’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $1.96 earnings per share. Sell-side analysts forecast that Kimberly-Clark will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

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

Institutional Trading of Kimberly-Clark

A number of hedge funds have recently made changes to their positions in KMB. Vanguard Group Inc. boosted its position in shares of Kimberly-Clark by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock worth $5,212,942,000 after purchasing an additional 5,200,011 shares in the last quarter. Norges Bank purchased a new position in Kimberly-Clark in the 2nd quarter worth approximately $556,114,000. GAMMA Investing LLC raised its holdings in Kimberly-Clark by 10,975.8% in the 1st quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company’s stock worth $270,510,000 after acquiring an additional 1,884,877 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Kimberly-Clark by 2,982.8% in the 1st quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company’s stock worth $196,878,000 after acquiring an additional 1,339,413 shares during the last quarter. Finally, Trinity Financial Advisors LLC purchased a new position in Kimberly-Clark in the 1st quarter worth approximately $181,762,000. 76.29% of the stock is 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.