Kimberly-Clark Corporation (NYSE:KMB) PT Set at $132.00 by Citigroup Inc.
Several other research firms have also recently issued reports on KMB. Vetr cut Kimberly-Clark Corporation from a buy rating to a hold rating and set a $139.00 price objective on the stock. in a report on Tuesday, April 18th. Jefferies Group LLC began coverage on Kimberly-Clark Corporation in a report on Tuesday, April 18th. They set a hold rating and a $134.00 target price on the stock. Zacks Investment Research cut Kimberly-Clark Corporation from a buy rating to a hold rating in a report on Thursday, April 13th. TheStreet upgraded Kimberly-Clark Corporation from a c+ rating to an a- rating in a report on Wednesday, April 26th. Finally, BidaskClub upgraded Kimberly-Clark Corporation from a hold rating to a buy rating in a report on Thursday, June 22nd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. Kimberly-Clark Corporation has an average rating of Hold and an average price target of $133.14.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded down 1.42% during trading on Wednesday, reaching $122.45. The company had a trading volume of 2,226,822 shares. The company has a market capitalization of $43.26 billion, a PE ratio of 20.45 and a beta of 0.78. The stock’s 50-day moving average price is $127.72 and its 200-day moving average price is $128.16. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the previous year, the firm posted $1.53 EPS. Kimberly-Clark Corporation’s revenue was down .7% compared to the same quarter last year. On average, equities analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
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In related news, SVP Thomas J. Mielke sold 20,108 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total value of $2,576,035.88. Following the transaction, the senior vice president now directly owns 23,543 shares in the company, valued at $3,016,093.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sergio Cruz sold 7,078 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total value of $920,210.78. Following the completion of the transaction, the insider now owns 4,910 shares in the company, valued at $638,349.10. The disclosure for this sale can be found here. Insiders sold 32,267 shares of company stock worth $4,155,862 over the last quarter. 0.56% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KMB. Tortoise Investment Management LLC boosted its position in Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after buying an additional 34 shares in the last quarter. Acrospire Investment Management LLC boosted its position in Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after buying an additional 500 shares in the last quarter. Armbruster Capital Management Inc. boosted its position in Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after buying an additional 250 shares in the last quarter. Heritage Trust Co acquired a new position in Kimberly-Clark Corporation during the first quarter worth approximately $118,000. Finally, V Wealth Management LLC acquired a new position in Kimberly-Clark Corporation during the second quarter worth approximately $123,000. Hedge funds and other institutional investors own 70.11% of the company’s stock.
About Kimberly-Clark Corporation
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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