Kimberly-Clark (NYSE:KMB – Free Report) had its target price reduced by Citigroup from $118.00 to $113.00 in a report released on Thursday morning,Benzinga reports. Citigroup currently has a sell rating on the stock.
A number of other brokerages have also recently issued reports on KMB. Barclays reduced their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $125.00 to $138.00 in a report on Monday, August 4th. UBS Group cut their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday. Piper Sandler cut their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. Finally, Evercore ISI cut their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, September 22nd. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $137.00.
Read Our Latest Stock Analysis on Kimberly-Clark
Kimberly-Clark Stock Up 0.0%
Kimberly-Clark (NYSE:KMB – Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 12.69% and a return on equity of 201.43%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $1.96 earnings per share. On average, equities research analysts forecast that Kimberly-Clark will post 7.5 EPS for the current fiscal year.
Kimberly-Clark Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a $1.26 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.2%. Kimberly-Clark’s payout ratio is currently 69.42%.
Institutional Trading of Kimberly-Clark
Hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC raised its position in shares of Kimberly-Clark by 1.9% in the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock valued at $577,000 after purchasing an additional 74 shares during the period. Tudor Financial Inc. raised its position in shares of Kimberly-Clark by 3.8% in the first quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock valued at $290,000 after purchasing an additional 75 shares during the period. Empirical Finance LLC raised its position in shares of Kimberly-Clark by 0.6% in the second quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock valued at $1,531,000 after purchasing an additional 76 shares during the period. Hoge Financial Services LLC raised its position in shares of Kimberly-Clark by 4.2% in the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock valued at $271,000 after purchasing an additional 77 shares during the period. Finally, Nwam LLC raised its position in shares of Kimberly-Clark by 1.2% in the first quarter. Nwam LLC now owns 6,386 shares of the company’s stock valued at $908,000 after purchasing an additional 77 shares during the period. Institutional investors own 76.29% of the company’s stock.
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.
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