Brokerages Set Kimberly-Clark Co. (NYSE:KMB) Target Price at $143.38

Kimberly-Clark Co. (NYSE:KMB) has been given an average recommendation of “Hold” by the sixteen analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $142.50.

Several equities analysts recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of Kimberly-Clark from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, July 19th. Zacks Investment Research raised shares of Kimberly-Clark from a “sell” rating to a “hold” rating and set a $141.00 price target for the company in a research note on Monday, June 28th. Royal Bank of Canada cut their price target on shares of Kimberly-Clark from $137.00 to $135.00 and set a “sector perform” rating for the company in a research note on Monday, July 26th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kimberly-Clark from $137.00 to $139.00 and gave the stock a “hold” rating in a research note on Friday, July 9th. Finally, UBS Group began coverage on shares of Kimberly-Clark in a research note on Wednesday, June 23rd. They issued a “neutral” rating and a $135.00 price target for the company.

In other news, insider Aaron Powell sold 29,534 shares of the company’s stock in a transaction dated Tuesday, August 17th. The shares were sold at an average price of $139.51, for a total value of $4,120,288.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Kimberly K. Underhill sold 19,018 shares of the stock in a transaction dated Monday, July 26th. The shares were sold at an average price of $135.84, for a total transaction of $2,583,405.12. Following the sale, the insider now directly owns 62,042 shares in the company, valued at $8,427,785.28. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of KMB. OLD Mission Capital LLC bought a new position in shares of Kimberly-Clark in the 3rd quarter worth approximately $5,671,000. Dimensional Fund Advisors LP lifted its stake in shares of Kimberly-Clark by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 926,130 shares of the company’s stock worth $124,860,000 after purchasing an additional 21,548 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of Kimberly-Clark by 43.7% in the 1st quarter. Meeder Asset Management Inc. now owns 2,494 shares of the company’s stock worth $347,000 after purchasing an additional 759 shares during the period. Cornerstone Wealth Management LLC lifted its stake in shares of Kimberly-Clark by 8.1% in the 1st quarter. Cornerstone Wealth Management LLC now owns 2,295 shares of the company’s stock worth $319,000 after purchasing an additional 172 shares during the period. Finally, Centaurus Financial Inc. lifted its stake in shares of Kimberly-Clark by 33.9% in the 1st quarter. Centaurus Financial Inc. now owns 2,286 shares of the company’s stock worth $318,000 after purchasing an additional 579 shares during the period. Hedge funds and other institutional investors own 71.37% of the company’s stock.

NYSE:KMB traded down $0.06 during mid-day trading on Tuesday, hitting $138.12. 2,088,286 shares of the stock traded hands, compared to its average volume of 2,242,605. The business’s 50-day moving average price is $136.63 and its 200 day moving average price is $134.59. The company has a market cap of $46.51 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 4.07 and a beta of 0.54. Kimberly-Clark has a 12-month low of $128.02 and a 12-month high of $155.45. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 10.01.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Thursday, July 22nd. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.24). The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.77 billion. Kimberly-Clark had a net margin of 10.53% and a return on equity of 308.07%. Kimberly-Clark’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.20 EPS. Analysts anticipate that Kimberly-Clark will post 6.73 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 4th. Shareholders of record on Friday, September 10th will be issued a $1.14 dividend. The ex-dividend date is Thursday, September 9th. This represents a $4.56 annualized dividend and a yield of 3.30%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 58.91%.

About Kimberly-Clark

Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional (KCP). The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.

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Analyst Recommendations for Kimberly-Clark (NYSE:KMB)

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