JPMorgan Chase & Co. upgraded shares of Kimberly Clark (NYSE:KMB) from an underweight rating to a neutral rating in a report issued on Thursday morning, MarketBeat reports. The brokerage currently has $86.00 target price on the stock, down from their previous target price of $90.00.

Several other equities research analysts have also recently weighed in on KMB. ValuEngine raised shares of Kimberly Clark from a sell rating to a hold rating in a research report on Wednesday. Zacks Investment Research raised shares of Kimberly Clark from a sell rating to a hold rating in a research report on Wednesday, August 8th. Societe Generale cut shares of Kimberly Clark from a buy rating to a hold rating and lowered their price target for the stock from $124.00 to $116.00 in a research report on Wednesday. Sanford C. Bernstein reaffirmed a market perform rating and issued a $110.00 price target (down previously from $115.00) on shares of Kimberly Clark in a research report on Tuesday, April 24th. Finally, Barclays reaffirmed a hold rating and issued a $113.00 price target on shares of Kimberly Clark in a research report on Wednesday, April 25th. Three equities research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $107.00.

Shares of KMB opened at $119.56 on Thursday. Kimberly Clark has a fifty-two week low of $97.10 and a fifty-two week high of $124.15. The company has a market capitalization of $38.27 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 2.36 and a beta of 0.72. The company has a debt-to-equity ratio of 32.28, a current ratio of 0.76 and a quick ratio of 0.49.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 24th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the prior year, the company earned $1.49 EPS. The company’s revenue was up .6% compared to the same quarter last year. equities analysts expect that Kimberly Clark will post 6.69 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 2nd. Investors of record on Friday, September 7th will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, September 6th. This represents a $4.00 annualized dividend and a dividend yield of 3.35%. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.21%.

In related news, SVP Jeffrey P. Melucci sold 330 shares of the business’s stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $105.97, for a total transaction of $34,970.10. Following the completion of the transaction, the senior vice president now owns 5,132 shares in the company, valued at approximately $543,838.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Sandra Macquillan sold 3,045 shares of the business’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $105.63, for a total transaction of $321,643.35. Following the transaction, the senior vice president now owns 5,642 shares of the company’s stock, valued at approximately $595,964.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,920 shares of company stock valued at $1,229,426. 0.64% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of KMB. Braun Bostich & Associates Inc. increased its stake in Kimberly Clark by 1,426.9% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock valued at $108,000 after purchasing an additional 956 shares in the last quarter. Gables Capital Management Inc. acquired a new position in Kimberly Clark during the 1st quarter valued at approximately $115,000. Centerpoint Advisors LLC increased its stake in Kimberly Clark by 999.0% during the 1st quarter. Centerpoint Advisors LLC now owns 1,099 shares of the company’s stock valued at $121,000 after purchasing an additional 999 shares in the last quarter. Fort L.P. acquired a new position in Kimberly Clark during the 2nd quarter valued at approximately $125,000. Finally, Lee Financial Co increased its stake in Kimberly Clark by 313.8% during the 1st quarter. Lee Financial Co now owns 1,167 shares of the company’s stock valued at $128,000 after purchasing an additional 885 shares in the last quarter. Hedge funds and other institutional investors own 74.22% of the company’s stock.

About Kimberly Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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Analyst Recommendations for Kimberly Clark (NYSE:KMB)

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