Brokerages Set Kimberly-Clark Corporation (NASDAQ:KMB) Target Price at $118.33

Shares of Kimberly-Clark Corporation (NASDAQ:KMB) have been assigned an average recommendation of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $118.3333.

A number of research analysts recently issued reports on the company. Wells Fargo & Company dropped their price target on Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. Morgan Stanley lowered their target price on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 4th. Citigroup cut their target price on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a report on Wednesday, January 14th. Finally, Piper Sandler decreased their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $101.14 on Friday. Kimberly-Clark has a 12 month low of $96.26 and a 12 month high of $150.45. The firm has a market capitalization of $33.57 billion, a P/E ratio of 17.11, a P/E/G ratio of 3.92 and a beta of 0.26. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56. The company’s fifty day moving average price is $102.14 and its 200 day moving average price is $116.08.

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, beating 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 company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the firm posted $1.83 earnings per share. Kimberly-Clark’s revenue for the quarter was up .1% on a year-over-year basis. As a group, sell-side analysts predict that Kimberly-Clark will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, December 5th. Kimberly-Clark’s dividend payout ratio is presently 85.28%.

Hedge Funds Weigh In On Kimberly-Clark

A number of hedge funds and other institutional 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 worth approximately $25,000. Cloud Capital Management LLC purchased a new stake in shares of Kimberly-Clark during the third quarter worth approximately $25,000. True Wealth Design LLC raised its stake in shares of Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. 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 purchasing an additional 188 shares during the period. Finally, Winnow Wealth LLC purchased a new position in Kimberly-Clark in the 2nd quarter valued at $27,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

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.