Kimberly-Clark (NYSE:KMB) Given New $150.00 Price Target at Evercore ISI

Kimberly-Clark (NYSE:KMB) had its price target decreased by Evercore ISI from $155.00 to $150.00 in a report published on Monday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Several other brokerages have also recently weighed in on KMB. Barclays raised their price target on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Piper Sandler started coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They set an “overweight” rating and a $144.00 price target for the company. UBS Group decreased their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. raised Kimberly-Clark from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $125.00 to $138.00 in a report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $142.20.

Kimberly-Clark Price Performance

Shares of KMB opened at $123.93 on Monday. The stock has a market capitalization of $41.12 billion, a P/E ratio of 16.41, a P/E/G ratio of 4.46 and a beta of 0.32. Kimberly-Clark has a twelve month low of $122.58 and a twelve month high of $150.45. The company has a 50 day moving average of $129.54 and a 200-day moving average of $133.63. 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 quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.25. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $1.96 EPS. As a group, equities research analysts forecast that Kimberly-Clark will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark’s dividend payout ratio is presently 69.42%.

Institutional Investors Weigh In On Kimberly-Clark

Large investors have recently made changes to their positions in the stock. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter valued at $25,000. First Pacific Financial acquired a new stake in Kimberly-Clark during the 1st quarter valued at $26,000. Princeton Global Asset Management LLC lifted its holdings in shares of Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after buying an additional 188 shares in the last quarter. Winnow Wealth LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth $27,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth $27,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

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.