Kimberly-Clark Corporation’s (NYSE:KMB) “Hold” Rating Reaffirmed at Berenberg Bank
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.
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