Kimberly-Clark (NASDAQ:KMB) Price Target Lowered to $109.00 at Deutsche Bank Aktiengesellschaft

Kimberly-Clark (NASDAQ:KMB) had its target price cut by Deutsche Bank Aktiengesellschaft from $110.00 to $109.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a hold rating on the stock.

Several other research firms also recently weighed in on KMB. Piper Sandler dropped their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday. Wells Fargo & Company set a $110.00 price objective on shares of Kimberly-Clark in a research note on Tuesday, February 17th. TD Cowen cut their target price on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Finally, Zacks Research lowered Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Three research 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. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $115.85.

Kimberly-Clark Trading Down 2.3%

Kimberly-Clark stock opened at $96.35 on Monday. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The stock has a market cap of $31.98 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 3.51 and a beta of 0.24. The stock has a 50-day moving average of $103.37 and a two-hundred day moving average of $107.62. Kimberly-Clark has a one year low of $96.13 and a one year high of $147.12.

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 business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.50 earnings per share. On average, research analysts anticipate that Kimberly-Clark will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a $1.28 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a yield of 5.3%. Kimberly-Clark’s dividend payout ratio is presently 84.35%.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of the stock in a transaction dated 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 SEC, which can be accessed through this hyperlink. Company insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Kimberly-Clark

A number of large investors have recently bought and sold shares of the business. Cloud Capital Management LLC purchased a new stake in shares of Kimberly-Clark in the third quarter valued at approximately $25,000. Godfrey Financial Associates Inc. purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at approximately $25,000. True Wealth Design LLC lifted its position in shares of Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 135 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the 2nd quarter valued at $27,000. Finally, CrossGen Wealth LLC acquired a new stake in Kimberly-Clark in the 4th quarter valued at $27,000. 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.