Kimberly-Clark (NASDAQ:KMB) Price Target Raised to $112.00

Kimberly-Clark (NASDAQ:KMB) had its price objective raised by Barclays from $106.00 to $112.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

KMB has been the subject of several other reports. Bank of America dropped their target price on shares of Kimberly-Clark from $122.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, September 25th. Deutsche Bank lifted their target price on Kimberly-Clark from $106.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of Kimberly-Clark in a research report on Monday, October 26th. Finally, Canaccord Genuity Group began coverage on Kimberly-Clark in a report on Friday, October 23rd. They issued a “hold” rating and a $105.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $113.20.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $108.86 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 1.91. The company has a 50 day moving average of $102.72 and a 200 day moving average of $103.36. The stock has a market cap of $36.21 billion, a P/E ratio of 15.11, a P/E/G ratio of 5.78 and a beta of 0.25. Kimberly-Clark has a 12 month low of $92.42 and a 12 month high of $116.82.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Thursday, November 5th. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. The business had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.13 billion. Kimberly-Clark had a net margin of 19.93% and a return on equity of 114.93%. Kimberly-Clark’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm posted $1.82 earnings per share. As a group, sell-side analysts forecast that Kimberly-Clark will post 7.40 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Investors of record on Friday, December 4th will be issued a dividend of $1.28 per share. The ex-dividend date is Friday, December 4th. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 51.66%.

Hedge Funds Weigh In On Kimberly-Clark

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. purchased a new stake in Kimberly-Clark in the third quarter valued at approximately $8,636,000. Private Wealth Asset Management LLC boosted its position in Kimberly-Clark by 202.8% during the third quarter. Private Wealth Asset Management LLC now owns 2,026 shares of the company’s stock worth $197,000 after acquiring an additional 1,357 shares during the last quarter. Berger Financial Group Inc raised its stake in Kimberly-Clark by 5.7% during the third quarter. Berger Financial Group Inc now owns 2,071 shares of the company’s stock worth $202,000 after purchasing an additional 111 shares during the period. Private Advisor Group LLC raised its holdings in Kimberly-Clark by 80.1% in the 3rd quarter. Private Advisor Group LLC now owns 76,881 shares of the company’s stock valued at $7,491,000 after buying an additional 34,197 shares during the period. Finally, Ieq Capital LLC purchased a new stake in shares of Kimberly-Clark in the 3rd quarter valued at $231,000. 76.29% of the stock is currently owned by institutional investors.

About Kimberly-Clark

Kimberly-Clark Corporation is a global consumer products company that develops and sells personal care, tissue and hygiene products. Its offerings include diapers and training pants, feminine care and adult incontinence products, facial and bathroom tissues, paper towels and wipes. The company’s portfolio includes brands such as Huggies, Kleenex, Scott, Cottonelle, Depend, Poise and Kotex. Kimberly-Clark also provides products for businesses and institutions, including workplace and professional-use tissue and hygiene products.