Kimberly-Clark (NASDAQ:KMB) Price Target Lowered to $95.00 at Citigroup

Kimberly-Clark (NASDAQ:KMB) had its price objective lowered by Citigroup from $100.00 to $95.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a sell rating on the stock.

KMB has been the subject of a number of other reports. Evercore ISI reiterated an “in-line” rating and set a $120.00 price objective (down from $150.00) on shares of Kimberly-Clark in a report on Tuesday, November 4th. Wells Fargo & Company decreased their price target on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 4th. BNP Paribas Exane cut their price objective on shares of Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, December 1st. JPMorgan Chase & Co. increased their target price on shares of Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kimberly-Clark in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $124.62.

Kimberly-Clark Stock Up 0.4%

Kimberly-Clark stock opened at $102.94 on Wednesday. The company has a 50 day moving average of $109.40 and a 200-day moving average of $122.40. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.41. Kimberly-Clark has a twelve month low of $99.22 and a twelve month high of $150.45. The stock has a market capitalization of $34.16 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 3.84 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.45 by $0.37. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.83 EPS. On average, equities research analysts anticipate that Kimberly-Clark will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be paid a $1.26 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.9%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 85.28%.

Institutional Investors Weigh In On Kimberly-Clark

A number of institutional investors and hedge funds have recently modified their holdings of KMB. Investment Research & Advisory Group Inc. acquired a new position in Kimberly-Clark during the second quarter worth approximately $25,000. Cloud Capital Management LLC bought a new position in shares of Kimberly-Clark during the 3rd quarter worth approximately $25,000. Princeton Global Asset Management LLC increased its holdings in shares of Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after acquiring an additional 188 shares during the last quarter. Winnow Wealth LLC acquired a new stake in Kimberly-Clark during the 2nd quarter valued at $27,000. Finally, Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the 2nd quarter valued at $27,000. 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.