Kimberly-Clark (NASDAQ:KMB) Given New $90.00 Price Target at Citigroup

Kimberly-Clark (NASDAQ:KMB) had its price objective trimmed by Citigroup from $95.00 to $90.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a sell rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Cowen reissued a “hold” rating on shares of Kimberly-Clark in a research note on Tuesday, November 4th. Barclays set a $132.00 target price on Kimberly-Clark in a research report on Monday, November 3rd. Morgan Stanley lowered their price target on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 4th. UBS Group dropped their price objective on shares of Kimberly-Clark from $132.00 to $107.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $120.00.

Kimberly-Clark Trading Up 0.4%

Shares of KMB opened at $99.15 on Wednesday. The stock has a market capitalization of $32.91 billion, a PE ratio of 16.78, a P/E/G ratio of 3.79 and a beta of 0.26. The company’s fifty day moving average is $102.55 and its 200 day moving average is $117.91. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77. Kimberly-Clark has a fifty-two week low of $96.26 and a fifty-two week high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same period last year, the company posted $1.83 EPS. The business’s revenue was up .1% on a year-over-year basis. Sell-side analysts expect that Kimberly-Clark will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were issued a $1.26 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 5.1%. Kimberly-Clark’s dividend payout ratio is presently 85.28%.

Institutional Investors Weigh In On Kimberly-Clark

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KMB. Empirical Finance LLC increased its position in shares of Kimberly-Clark by 0.6% during the second quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock worth $1,531,000 after acquiring an additional 76 shares during the period. Mesirow Financial Investment Management Inc. increased its holdings in Kimberly-Clark by 3.7% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock worth $284,000 after purchasing an additional 78 shares during the period. Monarch Capital Management Inc. raised its position in Kimberly-Clark by 1.9% during the 2nd quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock valued at $568,000 after purchasing an additional 81 shares in the last quarter. TFB Advisors LLC lifted its holdings in shares of Kimberly-Clark by 4.2% in the 2nd quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock worth $261,000 after buying an additional 82 shares during the period. Finally, Crews Bank & Trust grew its position in shares of Kimberly-Clark by 2.7% during the 2nd quarter. Crews Bank & Trust now owns 3,348 shares of the company’s stock worth $432,000 after buying an additional 87 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.