JPMorgan Chase & Co. Has Lowered Expectations for Kimberly-Clark (NYSE:KMB) Stock Price

Kimberly-Clark (NYSE:KMB) had its target price reduced by JPMorgan Chase & Co. from $126.00 to $125.00 in a report released on Friday morning,Benzinga reports. They currently have an underweight rating on the stock.

Several other research analysts also recently commented on KMB. UBS Group lowered their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. Evercore ISI lowered their price target on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Royal Bank Of Canada lowered their price target on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Wall Street Zen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, Wells Fargo & Company upped their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $140.90.

Kimberly-Clark Stock Down 0.3%

KMB stock opened at $127.38 on Friday. The company has a market cap of $42.27 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The business has a 50-day simple moving average of $132.95 and a 200 day simple moving average of $134.52. Kimberly-Clark has a 52 week low of $124.10 and a 52 week high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.89 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same period in the previous year, the company earned $2.01 EPS. Sell-side analysts anticipate that Kimberly-Clark will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Friday, June 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 68.66%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the sale, the insider directly owned 3,997 shares in the company, valued at approximately $518,410.90. This trade represents a 15.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.64% of the stock is currently owned by company insiders.

Institutional Trading of Kimberly-Clark

A number of large investors have recently bought and sold shares of the business. SageView Advisory Group LLC grew its stake in Kimberly-Clark by 4.5% during the fourth quarter. SageView Advisory Group LLC now owns 1,706 shares of the company’s stock worth $224,000 after purchasing an additional 74 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of Kimberly-Clark by 1.9% during the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock worth $577,000 after buying an additional 74 shares during the period. Tudor Financial Inc. grew its position in shares of Kimberly-Clark by 3.8% during the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock worth $290,000 after buying an additional 75 shares during the period. Park National Corp OH grew its position in shares of Kimberly-Clark by 2.6% during the 1st quarter. Park National Corp OH now owns 3,031 shares of the company’s stock worth $431,000 after buying an additional 77 shares during the period. Finally, Hoge Financial Services LLC grew its position in shares of Kimberly-Clark by 4.2% during the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock worth $271,000 after buying an additional 77 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Company Profile

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