Kimberly-Clark (NYSE:KMB) Rating Lowered to “Hold” at TD Cowen

TD Cowen lowered shares of Kimberly-Clark (NYSE:KMB) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, MarketBeat.com reports. TD Cowen currently has $145.00 price target on the stock.

Several other research analysts have also commented on the stock. Barclays increased their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Royal Bank of Canada restated an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Piper Sandler reduced their target price on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, UBS Group lowered their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $147.57.

Kimberly-Clark Trading Down 1.7 %

NYSE KMB opened at $124.56 on Wednesday. The company has a market capitalization of $41.54 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41. Kimberly-Clark has a 1-year low of $117.67 and a 1-year high of $149.30. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The firm’s fifty day simple moving average is $133.11 and its 200-day simple moving average is $138.41.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same period in the previous year, the company earned $1.74 EPS. The firm’s revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Kimberly-Clark will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Kimberly-Clark

A number of institutional investors have recently bought and sold shares of KMB. Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark in the second quarter worth about $32,000. Ausdal Financial Partners Inc. bought a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $220,000. First Foundation Advisors boosted its stake in Kimberly-Clark by 14.5% in the 2nd quarter. First Foundation Advisors now owns 1,607 shares of the company’s stock valued at $222,000 after buying an additional 204 shares in the last quarter. PFG Investments LLC grew its position in Kimberly-Clark by 8.2% in the second quarter. PFG Investments LLC now owns 7,210 shares of the company’s stock valued at $996,000 after acquiring an additional 546 shares during the period. Finally, Choreo LLC lifted its holdings in shares of Kimberly-Clark by 117.4% during the second quarter. Choreo LLC now owns 9,198 shares of the company’s stock valued at $1,268,000 after acquiring an additional 4,967 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Company Profile

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