Berenberg Bank reiterated their hold rating on shares of Kimberly-Clark Corporation (NYSE:KMB) in a research report sent to investors on Thursday morning.

Several other analysts have also recently weighed in on KMB. UBS AG cut Kimberly-Clark Corporation from a buy rating to a neutral rating and reduced their price target for the stock from $134.00 to $120.00 in a report on Wednesday, July 12th. Royal Bank Of Canada restated a sector perform rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Zacks Investment Research cut Kimberly-Clark Corporation from a hold rating to a sell rating in a report on Monday, July 24th. Citigroup Inc. set a $132.00 price target on Kimberly-Clark Corporation and gave the stock a hold rating in a report on Wednesday, July 26th. Finally, Jefferies Group LLC restated a hold rating and set a $122.00 price target (down from $133.00) on shares of Kimberly-Clark Corporation in a report on Thursday, July 6th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. Kimberly-Clark Corporation currently has a consensus rating of Hold and a consensus target price of $133.14.

Kimberly-Clark Corporation (NYSE:KMB) traded up 1.14% on Thursday, reaching $123.85. 730,376 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $127.72 and its 200 day moving average is $128.16. The company has a market cap of $43.76 billion, a price-to-earnings ratio of 20.68 and a beta of 0.78. 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 released its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. The company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.53 earnings per share. On average, equities analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.

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In other Kimberly-Clark Corporation news, insider Sergio Cruz sold 7,078 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total value of $920,210.78. Following the transaction, the insider now directly owns 4,910 shares of the company’s stock, valued at $638,349.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Thomas J. Mielke sold 20,108 shares of the business’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 completion of the transaction, the senior vice president now directly owns 23,543 shares in the company, valued at $3,016,093.73. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Tortoise Investment Management LLC raised its position in shares of Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after buying an additional 34 shares during the period. Acrospire Investment Management LLC raised its position in shares of Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 500 shares during the period. Armbruster Capital Management Inc. raised its position in shares of Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 250 shares during the period. Heritage Trust Co acquired a new position in shares of Kimberly-Clark Corporation during the first quarter valued at about $118,000. Finally, V Wealth Management LLC acquired a new position in shares of Kimberly-Clark Corporation during the second quarter valued at about $123,000. 70.89% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Corporation Company Profile

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.

Analyst Recommendations for Kimberly-Clark Corporation (NYSE:KMB)

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