Kimberly-Clark (NYSE:KMB) PT Lowered to $135.00 at Barclays

Kimberly-Clark (NYSE:KMB) had its price target cut by Barclays from $136.00 to $135.00 in a research note issued to investors on Friday, Benzinga reports. They currently have an equal weight rating on the stock.

KMB has been the subject of several other research reports. HSBC boosted their price target on shares of Kimberly-Clark from $146.00 to $150.00 and gave the stock a hold rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a hold rating in a research note on Thursday, March 28th. Evercore ISI upgraded shares of Kimberly-Clark from an in-line rating to an outperform rating and boosted their target price for the stock from $133.00 to $150.00 in a research note on Thursday, March 28th. BNP Paribas started coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They set a neutral rating and a $146.00 target price for the company. Finally, Bank of America upgraded shares of Kimberly-Clark from an underperform rating to a buy rating and boosted their target price for the stock from $115.00 to $160.00 in a research note on Thursday, June 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $143.29.

Kimberly-Clark Stock Down 0.3 %

Shares of NYSE KMB opened at $143.63 on Friday. The business’s 50 day moving average is $137.23 and its two-hundred day moving average is $129.65. The firm has a market cap of $48.36 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 3.19 and a beta of 0.37. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. Kimberly-Clark has a 52-week low of $116.32 and a 52-week high of $145.62.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.61 by $0.40. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.67 earnings per share. Research analysts predict that Kimberly-Clark will post 7.07 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $4.88 annualized dividend and a yield of 3.40%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total value of $342,075.00. Following the completion of the transaction, the vice president now owns 8,053 shares in the company, valued at $1,101,891.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total value of $342,075.00. Following the completion of the sale, the vice president now directly owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the sale, the insider now directly owns 795 shares of the company’s stock, valued at $109,050.15. The disclosure for this sale can be found here. Insiders sold 24,395 shares of company stock worth $3,332,776 over the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Rise Advisors LLC raised its holdings in Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares in the last quarter. Cranbrook Wealth Management LLC raised its holdings in Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Accordant Advisory Group Inc purchased a new position in Kimberly-Clark during the first quarter worth about $27,000. Crewe Advisors LLC purchased a new position in Kimberly-Clark during the first quarter worth about $27,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in Kimberly-Clark during the fourth quarter worth about $35,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

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.