TheStreet downgraded shares of Kimberly-Clark Corporation (NYSE:KMB) from a b rating to a c+ rating in a research note issued to investors on Tuesday.
Other equities research analysts have also issued research reports about the company. B. Riley reissued a neutral rating and issued a $128.00 target price on shares of Kimberly-Clark Corporation in a research note on Sunday, October 30th. Barclays PLC reissued a hold rating and issued a $111.00 target price on shares of Kimberly-Clark Corporation in a research note on Thursday. Zacks Investment Research raised Kimberly-Clark Corporation from a sell rating to a hold rating in a research note on Friday. Deutsche Bank AG lowered their target price on Kimberly-Clark Corporation from $132.00 to $120.00 and set a hold rating for the company in a research note on Tuesday, October 25th. Finally, Wells Fargo & Company reissued a market perform rating on shares of Kimberly-Clark Corporation in a research note on Tuesday, November 15th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $127.50.
Kimberly-Clark Corporation (NYSE:KMB) traded down 0.98% during midday trading on Tuesday, reaching $120.95. The company had a trading volume of 972,793 shares. The stock has a market capitalization of $43.13 billion, a price-to-earnings ratio of 20.19 and a beta of 0.60. The company has a 50-day moving average price of $115.72 and a 200-day moving average price of $121.51. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $138.87.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings data on Tuesday, January 24th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.03. Kimberly-Clark Corporation had a return on equity of 614.22% and a net margin of 11.90%. The firm earned $4.50 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the prior year, the business earned $1.42 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts expect that Kimberly-Clark Corporation will post $6.29 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Friday, March 10th will be given a $0.97 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $3.88 annualized dividend and a dividend yield of 3.18%. This is a positive change from Kimberly-Clark Corporation’s previous quarterly dividend of $0.92. Kimberly-Clark Corporation’s dividend payout ratio is currently 61.54%.
In other news, SVP Thomas J. Mielke sold 11,946 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $113.34, for a total value of $1,353,959.64. Following the completion of the transaction, the senior vice president now owns 30,091 shares of the company’s stock, valued at approximately $3,410,513.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.58% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Janus Capital Management LLC increased its stake in Kimberly-Clark Corporation by 73.5% in the second quarter. Janus Capital Management LLC now owns 5,203,212 shares of the company’s stock valued at $715,337,000 after buying an additional 2,204,022 shares during the last quarter. American Century Companies Inc. bought a new stake in Kimberly-Clark Corporation during the second quarter valued at $112,177,000. Lord Abbett & CO. LLC increased its stake in Kimberly-Clark Corporation by 70.3% in the second quarter. Lord Abbett & CO. LLC now owns 1,062,950 shares of the company’s stock valued at $146,134,000 after buying an additional 438,675 shares during the last quarter. Analytic Investors LLC increased its stake in Kimberly-Clark Corporation by 40.4% in the second quarter. Analytic Investors LLC now owns 1,463,521 shares of the company’s stock valued at $201,205,000 after buying an additional 421,145 shares during the last quarter. Finally, Morgan Stanley increased its stake in Kimberly-Clark Corporation by 14.1% in the third quarter. Morgan Stanley now owns 3,079,165 shares of the company’s stock valued at $388,407,000 after buying an additional 381,414 shares during the last quarter. Institutional investors own 68.86% of the company’s stock.
About Kimberly-Clark Corporation
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.