Kimberly-Clark Corporation (NYSE:KMB)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research report issued on Wednesday. They presently have a $121.00 price objective on the stock. Royal Bank Of Canada’s price objective indicates a potential downside of 1.18% from the stock’s previous close.
A number of other research analysts have also recently weighed in on the company. TheStreet upgraded Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research report on Wednesday, April 26th. Zacks Investment Research raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a research note on Wednesday, April 12th. BidaskClub upgraded Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on Kimberly-Clark Corporation and gave the stock a “buy” rating in a report on Monday, June 19th. Finally, Berenberg Bank started coverage on Kimberly-Clark Corporation in a report on Friday, June 9th. They issued a “hold” rating and a $136.00 price target for the company. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $133.14.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded down 1.42% on Wednesday, reaching $122.45. 2,226,401 shares of the company’s stock traded hands. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21. The firm’s 50 day moving average is $127.89 and its 200 day moving average is $128.10. The firm has a market capitalization of $43.46 billion, a P/E ratio of 20.21 and a beta of 0.78.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.49. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 earnings per share. Analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
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In related news, SVP Sandra Macquillan sold 5,081 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $129.82, for a total transaction of $659,615.42. Following the transaction, the senior vice president now directly owns 5,364 shares of the company’s stock, valued at $696,354.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas J. Mielke sold 20,108 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $128.11, for a total value of $2,576,035.88. Following the transaction, the senior vice president now directly owns 23,543 shares in the company, valued at $3,016,093.73. The disclosure for this sale can be found here. Insiders have sold 32,267 shares of company stock worth $4,155,862 over the last ninety days. 0.56% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in KMB. Sowell Financial Services LLC acquired a new stake in shares of Kimberly-Clark Corporation during the fourth quarter valued at $716,000. Norges Bank acquired a new stake in shares of Kimberly-Clark Corporation during the fourth quarter valued at $289,546,000. Dodge & Cox acquired a new stake in shares of Kimberly-Clark Corporation during the fourth quarter valued at $459,000. Quadrature Capital Ltd acquired a new stake in shares of Kimberly-Clark Corporation during the fourth quarter valued at $4,748,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimberly-Clark Corporation during the fourth quarter valued at $605,000. Institutional investors own 70.11% 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’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. 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.
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