Kimberly-Clark Corporation (NASDAQ:KMB) Receives $117.93 Average PT from Brokerages

Kimberly-Clark Corporation (NASDAQ:KMB) has earned an average rating of “Hold” from the seventeen analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $117.9286.

A number of brokerages recently weighed in on KMB. Barclays raised their price target on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. TD Cowen boosted their target price on Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Finally, Wells Fargo & Company lifted their target price on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th.

Institutional Investors Weigh In On Kimberly-Clark

Institutional investors and hedge funds have recently modified their holdings of the company. Greatmark Investment Partners Inc. raised its holdings in shares of Kimberly-Clark by 2.9% during the fourth quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock valued at $356,000 after buying an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Kimberly-Clark by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock valued at $3,834,000 after buying an additional 100 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Kimberly-Clark by 0.7% in the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock worth $1,523,000 after purchasing an additional 100 shares during the last quarter. AdvisorNet Financial Inc grew its position in Kimberly-Clark by 18.3% in the first quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock worth $64,000 after buying an additional 103 shares during the last quarter. Finally, Core Wealth Partners LLC raised its position in shares of Kimberly-Clark by 2.6% during the fourth quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock worth $439,000 after purchasing an additional 112 shares during the period. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $110.39 on Wednesday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The company has a market capitalization of $36.71 billion, a PE ratio of 18.77, a P/E/G ratio of 5.25 and a beta of 0.26. Kimberly-Clark has a 52 week low of $92.42 and a 52 week high of $136.17. The company’s fifty day moving average is $108.10 and its 200-day moving average is $103.14.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter last year, the firm posted $1.92 EPS. The business’s revenue was up .6% on a year-over-year basis. Equities research analysts predict that Kimberly-Clark will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.6%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.