Kimberly-Clark Corporation (NASDAQ:KMB) Stock Has Average Target Price of $117.36

Kimberly-Clark Corporation (NASDAQ:KMB) has earned an average recommendation of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $117.00.

Several brokerages have recently commented on KMB. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. UBS Group lifted their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Bank of America decreased their price objective on shares of Kimberly-Clark from $122.00 to $120.00 and set a “buy” rating for the company in a report on Friday, September 25th. Barclays increased their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Finally, TD Cowen boosted their price target on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th.

Institutional Investors Weigh In On Kimberly-Clark

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Kimberly-Clark in the second quarter worth $3,547,915,000. Bank of America Corp DE raised its holdings in Kimberly-Clark by 3.3% in the 2nd quarter. Bank of America Corp DE now owns 6,881,641 shares of the company’s stock worth $755,398,000 after acquiring an additional 219,742 shares during the period. Thornburg Investment Management Inc. bought a new position in Kimberly-Clark in the 2nd quarter worth $632,373,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Kimberly-Clark by 8.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,116,768 shares of the company’s stock worth $342,128,000 after acquiring an additional 249,832 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Kimberly-Clark during the 2nd quarter worth $239,612,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.3%

Shares of NASDAQ KMB opened at $96.48 on Thursday. The business has a 50 day simple moving average of $104.13 and a 200 day simple moving average of $102.57. Kimberly-Clark has a 52 week low of $92.42 and a 52 week high of $123.09. The stock has a market cap of $32.09 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 4.94 and a beta of 0.25. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. Kimberly-Clark’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.92 EPS. On average, research analysts predict that Kimberly-Clark will post 7.35 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Friday, September 4th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 87.07%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation (NASDAQ:KMB) is a global personal care and consumer products company that develops and markets essential products for consumers and professional customers. Its portfolio includes products in the baby and childcare, adult care, feminine care, facial and bathroom tissue, and household categories.

The company’s well-known brands include Huggies diapers and wipes, Kleenex tissues, Kotex feminine care products, Cottonelle and Scott bathroom tissue, and Depend and Poise adult care products.