Zacks Investment Research upgraded shares of Kimberly-Clark Corporation (NYSE:KMB) from a sell rating to a hold rating in a report published 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.”
A number of other equities analysts have also recently commented on KMB. Berenberg Bank reissued a hold rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. UBS AG cut shares of Kimberly-Clark Corporation from a buy rating to a neutral rating and dropped their price target for the company from $134.00 to $120.00 in a research report on Wednesday, July 12th. BidaskClub cut shares of Kimberly-Clark Corporation from a sell rating to a strong sell rating in a research report on Monday, July 31st. Citigroup Inc. set a $134.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a sell rating in a report on Friday, July 7th. Finally, Royal Bank Of Canada restated a sector perform rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $127.14.
Kimberly-Clark Corporation (NYSE KMB) opened at $117.00 on Thursday. Kimberly-Clark Corporation has a 52 week low of $109.67 and a 52 week high of $136.21. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. The firm has a market cap of $40,575.21, a PE ratio of 18.88, a price-to-earnings-growth 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 earnings per share for the quarter, topping the Zacks’ 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 analyst estimates of $4.65 billion. During the same quarter in the prior year, the firm posted $1.52 EPS. Kimberly-Clark Corporation’s revenue was up 1.0% on a year-over-year basis. equities research analysts anticipate that Kimberly-Clark Corporation will post 6.2 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Thursday, December 7th. Kimberly-Clark Corporation’s payout ratio is 64.03%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KMB. Tortoise Investment Management LLC raised its stake in Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after acquiring an additional 34 shares during the period. San Francisco Sentry Investment Group CA raised its position in shares of Kimberly-Clark Corporation by 2,385.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock valued at $117,000 after buying an additional 954 shares during the last quarter. Armbruster Capital Management Inc. raised its position in shares of Kimberly-Clark Corporation by 38.5% during the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 250 shares during the last quarter. Heritage Trust Co bought a new stake in shares of Kimberly-Clark Corporation during the first quarter valued at approximately $118,000. Finally, V Wealth Management LLC bought a new stake in shares of Kimberly-Clark Corporation during the second quarter valued at approximately $123,000. Institutional investors own 70.60% of the company’s stock.
Kimberly-Clark Corporation Company Profile
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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