Kimberly-Clark Corp. (NYSE:KMB)‘s stock had its “buy” rating reaffirmed by Goldman Sachs Group Inc. in a report released on Monday. They presently have a $154.00 price objective on the stock. Goldman Sachs Group Inc.’s target price points to a potential upside of 25.24% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. Deutsche Bank AG reiterated a “hold” rating and set a $132.00 price objective (up from $130.00) on shares of Kimberly-Clark Corp. in a research note on Sunday, July 24th. Zacks Investment Research downgraded shares of Kimberly-Clark Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 1st. Citigroup Inc. increased their price objective on shares of Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Finally, B. Riley reiterated a “neutral” rating and set a $124.00 price objective on shares of Kimberly-Clark Corp. in a research note on Sunday, July 31st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $136.63.
Shares of Kimberly-Clark Corp. (NYSE:KMB) opened at 122.96 on Monday. The company has a market capitalization of $44.22 billion, a P/E ratio of 22.80 and a beta of 0.35. Kimberly-Clark Corp. has a 1-year low of $103.36 and a 1-year high of $138.87. The company’s 50 day moving average is $128.97 and its 200-day moving average is $131.34.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/12/kimberly-clark-corp-kmb-given-buy-rating-at-goldman-sachs-group-inc.html
Kimberly-Clark Corp. (NYSE:KMB) last released its quarterly earnings results on Monday, July 25th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.05. Kimberly-Clark Corp. had a net margin of 10.70% and a return on equity of 815.72%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same period last year, the firm earned $1.41 earnings per share. Kimberly-Clark Corp.’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Kimberly-Clark Corp. will post $6.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $3.68 annualized dividend and a yield of 2.99%. Kimberly-Clark Corp.’s dividend payout ratio is presently 68.40%.
In related news, SVP Lizanne C. Gottung sold 12,407 shares of Kimberly-Clark Corp. stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $129.93, for a total transaction of $1,612,041.51. Following the sale, the senior vice president now directly owns 18,000 shares in the company, valued at approximately $2,338,740. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Thomas J. Mielke sold 11,946 shares of Kimberly-Clark Corp. stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $127.37, for a total transaction of $1,521,562.02. Following the sale, the senior vice president now owns 33,557 shares in the company, valued at $4,274,155.09. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.
Large investors recently bought and sold shares of the company. Capital Management Corp VA increased its stake in Kimberly-Clark Corp. by 0.5% in the second quarter. Capital Management Corp VA now owns 1,778 shares of the company’s stock valued at $244,000 after buying an additional 8 shares in the last quarter. Hanson & Doremus Investment Management increased its stake in Kimberly-Clark Corp. by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 1,145 shares of the company’s stock valued at $157,000 after buying an additional 10 shares in the last quarter. Adirondack Trust Co. increased its stake in Kimberly-Clark Corp. by 0.4% in the second quarter. Adirondack Trust Co. now owns 2,643 shares of the company’s stock valued at $363,000 after buying an additional 11 shares in the last quarter. Kistler Tiffany Companies LLC increased its stake in Kimberly-Clark Corp. by 0.4% in the second quarter. Kistler Tiffany Companies LLC now owns 3,018 shares of the company’s stock valued at $415,000 after buying an additional 13 shares in the last quarter. Finally, Cypress Wealth Advisors LLC increased its stake in Kimberly-Clark Corp. by 0.3% in the first quarter. Cypress Wealth Advisors LLC now owns 4,932 shares of the company’s stock valued at $663,000 after buying an additional 16 shares in the last quarter. Institutional investors and hedge funds own 68.53% of the company’s stock.
Kimberly-Clark Corp. 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 operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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.
Receive News & Ratings for Kimberly-Clark Corp. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Kimberly-Clark Corp. and related companies with MarketBeat.com’s FREE daily email newsletter.