Kimberly-Clark (NASDAQ:KMB) Given New $105.00 Price Target at UBS Group

Kimberly-Clark (NASDAQ:KMB) had its price target trimmed by UBS Group from $110.00 to $105.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also weighed in on KMB. TD Cowen reduced their price target on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Barclays set a $102.00 target price on shares of Kimberly-Clark in a research note on Friday, January 16th. Citigroup cut their target price on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research note on Wednesday, January 14th. Piper Sandler cut their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Finally, Zacks Research lowered shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $115.46.

Kimberly-Clark Trading Down 4.1%

Shares of NASDAQ:KMB opened at $93.05 on Tuesday. The company has a 50 day moving average of $102.75 and a 200-day moving average of $106.37. The firm has a market cap of $30.89 billion, a P/E ratio of 15.33, a P/E/G ratio of 3.52 and a beta of 0.28. Kimberly-Clark has a twelve month low of $92.42 and a twelve month high of $144.30. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.50 EPS. As a group, analysts anticipate that Kimberly-Clark will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 6th were paid a dividend of $1.28 per share. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Friday, March 6th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 84.35%.

Insider Buying and Selling

In related news, VP Andrew Scribner sold 3,049 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kimberly-Clark

A number of large investors have recently made changes to their positions in KMB. Brighton Jones LLC raised its holdings in shares of Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after acquiring an additional 2,765 shares during the period. Cresset Asset Management LLC raised its holdings in shares of Kimberly-Clark by 4.2% during the second quarter. Cresset Asset Management LLC now owns 10,265 shares of the company’s stock valued at $1,336,000 after acquiring an additional 416 shares during the period. SageView Advisory Group LLC raised its holdings in shares of Kimberly-Clark by 17.5% during the second quarter. SageView Advisory Group LLC now owns 2,037 shares of the company’s stock valued at $258,000 after acquiring an additional 303 shares during the period. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Kimberly-Clark by 32.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 438 shares of the company’s stock valued at $56,000 after acquiring an additional 107 shares during the period. Finally, Ossiam raised its holdings in shares of Kimberly-Clark by 32.7% during the second quarter. Ossiam now owns 21,760 shares of the company’s stock valued at $2,805,000 after acquiring an additional 5,363 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

About Kimberly-Clark

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.