Trade Report: The Kimberly-Clark Corp. (KMB) Earns Underweight Rating from Analysts at Atlantic Securities

The Kimberly-Clark Corp. (KMB) Earns Underweight Rating from Analysts at Atlantic Securities

Atlantic Securities assumed coverage on shares of Kimberly-Clark Corp. (NYSE:KMB) in a research note issued to investors on Monday morning. The brokerage issued an underweight rating and a $124.00 target price on the stock.

KMB has been the topic of several other research reports. Zacks Investment Research upgraded Kimberly-Clark Corp. from a hold rating to a buy rating and set a $146.00 target price on the stock in a report on Tuesday, June 28th. Goldman Sachs Group Inc. restated a conviction-buy rating and issued a $156.00 price objective (up previously from $152.00) on shares of Kimberly-Clark Corp. in a research note on Friday, July 15th. B. Riley restated a neutral rating and issued a $124.00 price objective on shares of Kimberly-Clark Corp. in a research note on Sunday, July 31st. Citigroup Inc. upped their price objective on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a neutral rating in a research note on Wednesday, July 27th. Finally, Deutsche Bank AG restated a hold rating and issued a $132.00 price objective (up previously from $130.00) on shares of Kimberly-Clark Corp. in a research note on Sunday, July 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $135.22.

Shares of Kimberly-Clark Corp. (NYSE:KMB) opened at 121.88 on Monday. The firm has a 50-day moving average price of $125.15 and a 200-day moving average price of $129.82. The firm has a market cap of $43.83 billion, a price-to-earnings ratio of 22.60 and a beta of 0.42. Kimberly-Clark Corp. has a 12-month low of $115.24 and a 12-month high of $138.87.

Kimberly-Clark Corp. (NYSE:KMB) last released its earnings results on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.05. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. Kimberly-Clark Corp.’s revenue was down 1.2% on a year-over-year basis. Equities research analysts anticipate that Kimberly-Clark Corp. will post $6.08 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Friday, September 9th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio is currently 68.40%.

In related news, SVP Thomas J. Mielke sold 11,946 shares of the 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 of the company’s stock, valued at $4,274,155.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anthony J. Palmer sold 3,080 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the insider now directly owns 5,995 shares in the company, valued at approximately $779,350. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

A number of large investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. increased its stake in shares of Kimberly-Clark Corp. by 32.5% in the first quarter. Stratos Wealth Partners LTD. now owns 21,484 shares of the company’s stock worth $2,890,000 after buying an additional 5,275 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of Kimberly-Clark Corp. by 21.3% in the first quarter. Teachers Advisors Inc. now owns 581,205 shares of the company’s stock worth $78,178,000 after buying an additional 102,035 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Kimberly-Clark Corp. by 14.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,930,162 shares of the company’s stock worth $259,626,000 after buying an additional 250,743 shares in the last quarter. Ngam Advisors L.P. increased its stake in shares of Kimberly-Clark Corp. by 31.5% in the first quarter. Ngam Advisors L.P. now owns 36,962 shares of the company’s stock worth $4,972,000 after buying an additional 8,850 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Kimberly-Clark Corp. by 37.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 294,070 shares of the company’s stock worth $39,555,000 after buying an additional 80,685 shares in the last quarter. 68.37% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Corp. Company Profile

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