TD Cowen Begins Coverage on Kimberly-Clark (NYSE:KMB)

TD Cowen began coverage on shares of Kimberly-Clark (NYSE:KMB) in a research note published on Tuesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $161.00 target price on the stock.

KMB has been the topic of a number of other research reports. Bank of America upgraded Kimberly-Clark from an underperform rating to a buy rating and upped their price target for the stock from $115.00 to $160.00 in a report on Thursday, June 13th. Piper Sandler upped their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an overweight rating in a report on Thursday, July 11th. Wells Fargo & Company upped their price target on Kimberly-Clark from $136.00 to $138.00 and gave the stock an equal weight rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. upped their price target on Kimberly-Clark from $123.00 to $135.00 and gave the stock an underweight rating in a report on Monday, July 22nd. Finally, BNP Paribas began coverage on Kimberly-Clark in a report on Monday, June 24th. They set a neutral rating and a $146.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $145.67.

Kimberly-Clark Stock Up 0.5 %

KMB opened at $141.81 on Tuesday. The business has a 50 day moving average price of $137.81 and a two-hundred day moving average price of $130.18. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The company has a market cap of $47.76 billion, a PE ratio of 26.07, a P/E/G ratio of 3.08 and a beta of 0.37. Kimberly-Clark has a 52 week low of $116.32 and a 52 week high of $145.62.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.65 EPS. As a group, research analysts anticipate that Kimberly-Clark will post 7.18 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Friday, June 7th. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Insider Activity

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 6,390 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $135.59, for a total transaction of $866,420.10. Following the completion of the sale, the insider now directly owns 33,649 shares in the company, valued at approximately $4,562,467.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 6,390 shares of Kimberly-Clark stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $135.59, for a total value of $866,420.10. Following the transaction, the insider now directly owns 33,649 shares of the company’s stock, valued at approximately $4,562,467.91. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,462 shares of company stock valued at $7,206,653. Company insiders own 0.62% of the company’s stock.

Institutional Trading of Kimberly-Clark

Several large investors have recently made changes to their positions in the business. Rise Advisors LLC lifted its stake in shares of Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after acquiring an additional 176 shares during the period. Cranbrook Wealth Management LLC lifted its stake in shares of Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Accordant Advisory Group Inc acquired a new position in Kimberly-Clark in the first quarter valued at about $27,000. Crewe Advisors LLC acquired a new position in Kimberly-Clark in the first quarter valued at about $27,000. Finally, New Millennium Group LLC acquired a new position in Kimberly-Clark in the second quarter valued at about $28,000. Institutional investors 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.