TD Cowen Cuts Kimberly-Clark (NASDAQ:KMB) Price Target to $105.00

Kimberly-Clark (NASDAQ:KMB) had its price target reduced by TD Cowen from $112.00 to $105.00 in a research note released on Thursday,Benzinga reports. TD Cowen currently has a hold rating on the stock.

KMB has been the subject of several other reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Monday, December 29th. Piper Sandler reduced their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. JPMorgan Chase & Co. boosted their target price on Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Morgan Stanley decreased their price target on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 4th. Finally, Cowen reissued a “hold” rating on shares of Kimberly-Clark in a research note on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $122.31.

Kimberly-Clark Trading Down 1.0%

Shares of KMB stock opened at $97.92 on Thursday. The stock has a 50-day simple moving average of $102.69 and a 200 day simple moving average of $118.52. The stock has a market capitalization of $32.50 billion, a P/E ratio of 16.57, a P/E/G ratio of 3.76 and a beta of 0.26. Kimberly-Clark has a fifty-two week low of $96.26 and a fifty-two week high of $150.45. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.41.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the previous year, the business earned $1.83 earnings per share. Kimberly-Clark’s revenue for the quarter was up .1% compared to the same quarter last year. On average, sell-side analysts expect that Kimberly-Clark will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were given a dividend of $1.26 per share. The ex-dividend date was Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a yield of 5.1%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 85.28%.

Institutional Trading of Kimberly-Clark

A number of hedge funds have recently made changes to their positions in the stock. Investment Research & Advisory Group Inc. acquired a new position in Kimberly-Clark in the 2nd quarter valued at approximately $25,000. Cloud Capital Management LLC acquired a new position in shares of Kimberly-Clark in the third quarter worth $25,000. True Wealth Design LLC increased its stake in shares of Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares during the last quarter. Princeton Global Asset Management LLC boosted its position in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the last quarter. Finally, Winnow Wealth LLC purchased a new position in Kimberly-Clark in the second quarter valued at about $27,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.