Zacks Investment Research upgraded shares of Kimberly-Clark Corporation (NYSE:KMB) from a sell rating to a hold rating in a report issued on Thursday, November 2nd.
According to Zacks, “Kimberly-Clark’s shares have lagged the industry in the last six months due to lower-than-expected top-line performance, softness in North American consumer products and higher competitive activity. Recently, the company reported third-quarter 2017 financial numbers wherein earnings surpassed the Zacks Consensus Estimate but sales lagged the same for the eighth straight quarter. However, the company is well positioned overseas and has been consistently expanding in developing and emerging markets. In third-quarter 2017, organic sales in emerging markets increased 3%. The company’s higher cost savings, continued product innovation, strong international presence have been the catalysts, and are expected to drive growth. Meanwhile, the company also anticipates performance to be hurt by higher input cost inflation. Further, increased competitive activity has also been hurting Kimberly-Clark’s diaper segment sales.”
KMB has been the topic of several other reports. Bank of America Corporation cut their target price on shares of Kimberly-Clark Corporation from $123.00 to $120.00 and set a neutral rating on the stock in a research report on Tuesday, October 24th. Royal Bank Of Canada restated a hold rating and issued a $121.00 price target on shares of Kimberly-Clark Corporation in a research report on Friday, October 13th. J P Morgan Chase & Co downgraded shares of Kimberly-Clark Corporation from a neutral rating to an underweight rating and dropped their price target for the stock from $115.55 to $100.00 in a research report on Friday, October 20th. Citigroup Inc. dropped their price target on shares of Kimberly-Clark Corporation from $125.00 to $124.00 and set a neutral rating on the stock in a research report on Friday, October 27th. Finally, Macquarie initiated coverage on shares of Kimberly-Clark Corporation in a research report on Friday, September 15th. They issued a neutral rating and a $121.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $127.14.
Kimberly-Clark Corporation (NYSE KMB) traded down $0.86 on Thursday, hitting $114.55. 1,881,400 shares of the stock were exchanged, compared to its average volume of 1,796,166. Kimberly-Clark Corporation has a one year low of $109.67 and a one year high of $136.21. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. The firm has a market cap of $40,290.00, a P/E ratio of 18.89, a P/E/G ratio of 3.00 and a beta of 0.74.
Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period last year, the company earned $1.52 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. equities analysts predict that Kimberly-Clark Corporation will post 6.2 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Kimberly-Clark Corporation by 2.2% during the second quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock valued at $3,197,638,000 after purchasing an additional 537,794 shares during the last quarter. State Street Corp lifted its holdings in Kimberly-Clark Corporation by 1.3% during the first quarter. State Street Corp now owns 17,653,917 shares of the company’s stock valued at $2,323,785,000 after purchasing an additional 225,993 shares during the last quarter. Capital Research Global Investors lifted its holdings in Kimberly-Clark Corporation by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after purchasing an additional 3,191,549 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Kimberly-Clark Corporation by 3.3% during the second quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock valued at $731,643,000 after purchasing an additional 181,517 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its holdings in Kimberly-Clark Corporation by 1.7% during the second quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock valued at $421,692,000 after purchasing an additional 55,108 shares during the last quarter. 70.40% of the stock is currently owned by institutional investors and hedge funds.
About Kimberly-Clark Corporation
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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