Brokerages Set Kimberly-Clark Corporation (NASDAQ:KMB) PT at $126.00

Kimberly-Clark Corporation (NASDAQ:KMB) has received an average recommendation of “Hold” from the fifteen research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $126.00.

KMB has been the topic of several research reports. Barclays set a $132.00 price target on shares of Kimberly-Clark in a research report on Monday, November 3rd. Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 4th. Evercore ISI restated an “in-line” rating and set a $120.00 target price (down from $150.00) on shares of Kimberly-Clark in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimberly-Clark in a report on Monday, December 1st. Finally, BNP Paribas Exane reduced their price objective on Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, December 1st.

Kimberly-Clark Price Performance

NASDAQ:KMB opened at $102.96 on Friday. The business’s 50-day moving average is $112.50 and its 200 day moving average is $124.48. Kimberly-Clark has a 12 month low of $99.22 and a 12 month high of $150.45. The company has a market capitalization of $34.17 billion, a P/E ratio of 17.42, a P/E/G ratio of 3.80 and a beta of 0.25. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41.

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

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be issued a $1.26 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.9%. Kimberly-Clark’s payout ratio is 85.28%.

Institutional Trading of Kimberly-Clark

A number of institutional investors have recently bought and sold shares of the stock. Investment Research & Advisory Group Inc. purchased a new stake in shares of Kimberly-Clark in the second quarter valued at $25,000. Cloud Capital Management LLC purchased a new position in shares of Kimberly-Clark during the 3rd quarter worth about $25,000. True Wealth Design LLC grew its holdings in Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Princeton Global Asset Management LLC raised its position in Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares during the period. Finally, Winnow Wealth LLC bought a new stake in Kimberly-Clark in the second quarter worth about $27,000. 76.29% of the stock is currently owned by institutional investors.

About Kimberly-Clark

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.