Kimberly Clark (NYSE:KMB) Downgraded by ValuEngine

ValuEngine cut shares of Kimberly Clark (NYSE:KMB) from a buy rating to a hold rating in a report published on Thursday morning, ValuEngine reports.

Several other equities analysts have also commented on the stock. Morgan Stanley upped their price target on shares of Kimberly Clark from $145.00 to $147.00 and gave the stock an equal weight rating in a research report on Wednesday, July 24th. Argus upgraded shares of Kimberly Clark from a hold rating to a buy rating and set a $150.00 price target for the company in a research report on Tuesday, April 23rd. Bank of America restated a neutral rating and set a $143.00 price target (up previously from $135.00) on shares of Kimberly Clark in a research report on Wednesday, June 19th. Citigroup upped their price target on shares of Kimberly Clark from $102.00 to $116.00 and gave the stock a sell rating in a research report on Tuesday, April 23rd. Finally, Deutsche Bank increased their target price on shares of Kimberly Clark from $113.00 to $122.00 and gave the company a sell rating in a research report on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $128.81.

Shares of Kimberly Clark stock traded up $0.63 during trading on Thursday, hitting $135.87. 1,407,842 shares of the stock were exchanged, compared to its average volume of 1,630,155. The company has a fifty day moving average of $136.55. The stock has a market cap of $46.54 billion, a PE ratio of 20.56, a PEG ratio of 3.62 and a beta of 0.56. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 134.02. Kimberly Clark has a 12 month low of $100.32 and a 12 month high of $140.62.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.64 by $0.03. The business had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.60 billion. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.59 earnings per share. Sell-side analysts expect that Kimberly Clark will post 6.8 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.03%. Kimberly Clark’s dividend payout ratio is presently 62.33%.

In other Kimberly Clark news, insider Aaron Powell sold 3,964 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $137.95, for a total value of $546,833.80. Following the completion of the sale, the insider now directly owns 5,780 shares of the company’s stock, valued at approximately $797,351. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Sandra Macquillan sold 5,385 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $126.15, for a total transaction of $679,317.75. Following the completion of the sale, the senior vice president now directly owns 15,814 shares of the company’s stock, valued at $1,994,936.10. The disclosure for this sale can be found here. Insiders sold a total of 123,089 shares of company stock valued at $15,864,805 in the last quarter. 0.85% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of KMB. Horan Capital Advisors LLC. acquired a new stake in Kimberly Clark in the 1st quarter valued at about $25,000. HMS Capital Management LLC purchased a new stake in Kimberly Clark during the second quarter valued at about $28,000. Manchester Financial Inc. purchased a new stake in Kimberly Clark during the second quarter valued at about $34,000. Weaver Consulting Group purchased a new stake in Kimberly Clark during the first quarter valued at about $38,000. Finally, Penserra Capital Management LLC purchased a new stake in Kimberly Clark during the first quarter valued at about $40,000. 71.45% of the stock is owned by institutional investors.

About Kimberly Clark

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

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Kimberly Clark (NYSE:KMB)

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