Kimberly-Clark (NYSE:KMB) Upgraded at StockNews.com

StockNews.com upgraded shares of Kimberly-Clark (NYSE:KMBGet Rating) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Several other research analysts also recently weighed in on KMB. Royal Bank of Canada upped their target price on shares of Kimberly-Clark from $122.00 to $124.00 and gave the company a sector perform rating in a research note on Monday, April 25th. UBS Group upped their target price on shares of Kimberly-Clark from $128.00 to $140.00 in a research note on Monday, April 25th. Barclays reduced their price objective 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. The Goldman Sachs Group reduced their price objective on shares of Kimberly-Clark from $130.00 to $124.00 in a research note on Tuesday, March 29th. Finally, Wells Fargo & Company increased their price objective on shares of Kimberly-Clark from $128.00 to $135.00 and gave the company an equal weight rating in a research note on Monday, April 25th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $132.60.

Shares of KMB stock opened at $132.08 on Monday. The company has a market capitalization of $44.50 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 4.30 and a beta of 0.37. The firm has a fifty day simple moving average of $132.40 and a 200-day simple moving average of $132.66. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 9.49. Kimberly-Clark has a twelve month low of $117.32 and a twelve month high of $145.79.

Kimberly-Clark (NYSE:KMBGet Rating) last announced its 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 the consensus estimate of $4.92 billion. Kimberly-Clark had a net margin of 8.86% and a return on equity of 253.93%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.80 earnings per share. Equities research analysts predict that Kimberly-Clark will post 5.82 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Friday, June 10th will be given a $1.16 dividend. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.51%. Kimberly-Clark’s payout ratio is currently 89.40%.

In related news, CEO Michael D. Hsu sold 41,698 shares of the stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $140.08, for a total value of $5,841,055.84. Following the sale, the chief executive officer now owns 89,593 shares of the company’s stock, valued at approximately $12,550,187.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Tristram Wilkinson sold 2,069 shares of the stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $137.17, for a total transaction of $283,804.73. Following the completion of the sale, the insider now directly owns 14,102 shares in the company, valued at approximately $1,934,371.34. 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. Insiders own 0.55% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Bivin & Associates Inc. acquired a new position in Kimberly-Clark during the 4th quarter valued at about $26,000. HWG Holdings LP acquired a new position in Kimberly-Clark during the 4th quarter valued at about $29,000. Lumature Wealth Partners LLC increased its stake in Kimberly-Clark by 66.4% during the 4th quarter. Lumature Wealth Partners LLC now owns 208 shares of the company’s stock valued at $30,000 after buying an additional 83 shares during the period. Capital Analysts LLC increased its stake in Kimberly-Clark by 88.1% during the 4th quarter. Capital Analysts LLC now owns 237 shares of the company’s stock valued at $34,000 after buying an additional 111 shares during the period. Finally, Quent Capital LLC acquired a new position in Kimberly-Clark during the 4th quarter valued at about $37,000. 74.32% of the stock is currently owned by institutional investors and hedge funds.

About Kimberly-Clark (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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Analyst Recommendations for Kimberly-Clark (NYSE:KMB)

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