Kimberly-Clark (NYSE:KMB) Sets New 1-Year Low on Analyst Downgrade - MarketBeat

2022-10-09 07:01:46 By : Ms. Carol Lee

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Kimberly-Clark Co. (NYSE:KMB - Get Rating) shares hit a new 52-week low during trading on Monday after Wells Fargo & Company lowered their price target on the stock from $130.00 to $120.00. Wells Fargo & Company currently has an equal weight rating on the stock. Kimberly-Clark traded as low as $111.93 and last traded at $112.94, with a volume of 12310 shares changing hands. The stock had previously closed at $112.54.

Other equities analysts have also recently issued research reports about the stock. StockNews.com raised shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Friday, July 22nd. Bank of America assumed coverage on shares of Kimberly-Clark in a report on Wednesday, September 14th. They issued a "neutral" rating on the stock. Finally, UBS Group upped their target price on shares of Kimberly-Clark from $136.00 to $142.00 and gave the stock a "neutral" rating in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $130.00.Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. First Affirmative Financial Network lifted its holdings in shares of Kimberly-Clark by 18.1% during the 1st quarter. First Affirmative Financial Network now owns 2,220 shares of the company's stock worth $273,000 after acquiring an additional 340 shares during the last quarter. State Street Corp increased its position in shares of Kimberly-Clark by 1.1% in the first quarter. State Street Corp now owns 18,052,213 shares of the company's stock valued at $2,243,722,000 after acquiring an additional 194,143 shares during the period. Norges Bank purchased a new position in shares of Kimberly-Clark in the fourth quarter valued at about $473,552,000. Van ECK Associates Corp bought a new stake in shares of Kimberly-Clark during the 1st quarter valued at about $559,000. Finally, Integrated Advisors Network LLC boosted its stake in shares of Kimberly-Clark by 25.4% during the 1st quarter. Integrated Advisors Network LLC now owns 1,857 shares of the company's stock valued at $229,000 after purchasing an additional 376 shares in the last quarter. 74.36% of the stock is owned by institutional investors. Kimberly-Clark Price Performance

The company has a current ratio of 0.79, a quick ratio of 0.47 and a debt-to-equity ratio of 10.37. The business's 50 day moving average price is $128.70 and its two-hundred day moving average price is $130.10. The stock has a market cap of $38.15 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 3.89 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB - Get Rating) last issued its earnings results on Tuesday, July 26th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.01). The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a return on equity of 249.60% and a net margin of 8.87%. The company's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.47 EPS. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 5.64 earnings per share for the current fiscal year. Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $4.64 annualized dividend and a dividend yield of 4.11%. Kimberly-Clark's payout ratio is 87.71%. 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.Read MoreGet a free copy of the StockNews.com research report on Kimberly-Clark (KMB)Near-Term Headwinds Send Nike To The Bargain Basement Archer Daniels Midland: Dividend Hero With 49 Years Of IncreasesWill Fully Autonomous Tractors Make Deere the Tesla of Farming? Magna International is Your Auto and EV One-Stop Shop Stock Is the Bond Market Signaling a Market Bottom?

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