Kimberly-Clark Co. (NYSE:KMB) Given Consensus Rating of "Hold" by Brokerages | MarketBeat

2022-07-23 03:05:52 By : Mr. Tom Su

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Kimberly-Clark Co. (NYSE:KMB - Get Rating) has earned a consensus recommendation of "Hold" from the sixteen ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $132.60.

KMB has been the subject of several research reports. Royal Bank of Canada upped their price target on shares of Kimberly-Clark from $122.00 to $124.00 and gave the stock a "sector perform" rating in a research report on Monday, April 25th. Wells Fargo & Company boosted their price objective on shares of Kimberly-Clark from $128.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Monday, April 25th. JPMorgan Chase & Co. reduced their price objective on shares of Kimberly-Clark from $118.00 to $113.00 in a research note on Wednesday, March 30th. Barclays cut their price target on shares of Kimberly-Clark from $129.00 to $124.00 and set an "equal weight" rating on the stock in a research note on Monday, May 23rd. Finally, Morgan Stanley upped their price objective on shares of Kimberly-Clark from $133.00 to $137.00 and gave the company an "equal weight" rating in a report on Monday, April 25th.

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 15,302 shares of the business's stock in a transaction on Monday, April 25th. The shares were sold at an average price of $142.63, for a total value of $2,182,524.26. Following the completion of the transaction, the insider now owns 27,626 shares in the company, valued at $3,940,296.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael D. Hsu sold 41,698 shares of the business's stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $140.08, for a total transaction of $5,841,055.84. Following the completion of the transaction, the chief executive officer now owns 89,593 shares of the company's stock, valued at approximately $12,550,187.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,696 shares of company stock worth $8,807,911. Company insiders own 0.55% of the company's stock.

A number of large investors have recently bought and sold shares of KMB. First Affirmative Financial Network boosted its holdings in shares of Kimberly-Clark by 18.1% in the 1st quarter. First Affirmative Financial Network now owns 2,220 shares of the company's stock valued at $273,000 after buying an additional 340 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Kimberly-Clark by 0.6% during the fourth quarter. New York State Common Retirement Fund now owns 624,130 shares of the company's stock worth $89,201,000 after purchasing an additional 3,916 shares in the last quarter. Norges Bank purchased a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $473,552,000. NewSquare Capital LLC boosted its position in shares of Kimberly-Clark by 12.1% in the 4th quarter. NewSquare Capital LLC now owns 21,546 shares of the company's stock valued at $3,079,000 after purchasing an additional 2,321 shares during the period. Finally, Canvas Wealth Advisors LLC grew its stake in Kimberly-Clark by 138.8% during the 4th quarter. Canvas Wealth Advisors LLC now owns 17,715 shares of the company's stock worth $2,532,000 after buying an additional 10,296 shares during the last quarter. 74.32% of the stock is currently owned by hedge funds and other institutional investors.

NYSE KMB opened at $136.76 on Monday. The stock's 50-day moving average price is $133.09 and its 200-day moving average price is $132.44. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 9.49. Kimberly-Clark has a 52 week low of $117.32 and a 52 week high of $145.79. The company has a market capitalization of $46.08 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 4.70 and a beta of 0.33.

Kimberly-Clark (NYSE:KMB - Get Rating) last released its quarterly earnings results on Friday, April 22nd. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.12. The business had revenue of $5.10 billion during the quarter, compared to analysts' expectations of $4.92 billion. Kimberly-Clark had a return on equity of 253.93% and a net margin of 8.86%. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.80 EPS. Research analysts anticipate that Kimberly-Clark will post 5.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 5th. Investors of record on Friday, June 10th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $4.64 annualized dividend and a yield of 3.39%. Kimberly-Clark's dividend payout ratio (DPR) is currently 89.40%.

Kimberly-Clark Company Profile (Get Rating)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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