Kimberly-Clark Corporation (NYSE:KMB) Stock Rating Reaffirmed by UBS AG
UBS AG restated their neutral rating on shares of Kimberly-Clark Corporation (NYSE:KMB) in a research note issued to investors on Wednesday morning, www.analystratings.com reports. They currently have a $119.00 price objective on the stock, down from their previous price objective of $120.00.
KMB has been the topic of a number of other research reports. B. Riley reissued a neutral rating and issued a $128.00 target price on shares of Kimberly-Clark Corporation in a report on Sunday, April 23rd. BidaskClub raised shares of Kimberly-Clark Corporation from a hold rating to a buy rating in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 target price on shares of Kimberly-Clark Corporation and gave the stock a buy rating in a report on Monday, June 19th. Jefferies Group LLC assumed coverage on shares of Kimberly-Clark Corporation in a report on Tuesday, April 18th. They issued a hold rating and a $134.00 target price on the stock. Finally, Berenberg Bank assumed coverage on shares of Kimberly-Clark Corporation in a report on Friday, June 9th. They issued a hold rating and a $136.00 target price on the stock. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $133.14.
Kimberly-Clark Corporation (NYSE KMB) traded down 1.42% during mid-day trading on Wednesday, hitting $122.45. The stock had a trading volume of 2,226,822 shares. The company has a 50 day moving average price of $127.72 and a 200 day moving average price of $128.16. The stock has a market cap of $43.26 billion, a P/E ratio of 20.45 and a beta of 0.78. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the consensus estimate of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter last year, the company posted $1.53 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
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In other Kimberly-Clark Corporation news, SVP Thomas J. Mielke sold 20,108 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $128.11, for a total value of $2,576,035.88. Following the sale, the senior vice president now owns 23,543 shares in the company, valued at $3,016,093.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sandra Macquillan sold 5,081 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $129.82, for a total transaction of $659,615.42. Following the completion of the sale, the senior vice president now owns 5,364 shares in the company, valued at approximately $696,354.48. The disclosure for this sale can be found here. Insiders sold 32,267 shares of company stock worth $4,155,862 in the last 90 days. 0.56% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Tortoise Investment Management LLC raised 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 raised 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. raised 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 bought a new position in Kimberly-Clark Corporation during the first quarter worth approximately $118,000. Finally, V Wealth Management LLC bought a new position in Kimberly-Clark Corporation during the second quarter worth approximately $123,000. 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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