Kimberly Clark (NYSE:KMB) had its price target raised by Wells Fargo & Co from $130.00 to $132.00 in a research report sent to investors on Tuesday, BenzingaRatingsTable reports. Wells Fargo & Co currently has a market perform rating on the stock.
Other equities research analysts have also issued research reports about the company. ValuEngine lowered Kimberly Clark from a buy rating to a hold rating in a research report on Thursday, August 1st. Deutsche Bank increased their price target on Kimberly Clark from $113.00 to $122.00 and gave the company a sell rating in a research report on Monday, June 17th. Bank of America raised Kimberly Clark from a neutral rating to a buy rating and set a $155.00 price target on the stock in a research report on Friday, September 27th. Zacks Investment Research raised Kimberly Clark from a sell rating to a hold rating and set a $150.00 price target on the stock in a research report on Monday, September 30th. Finally, Morgan Stanley increased their price target on Kimberly Clark from $147.00 to $149.00 and gave the company an equal weight rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $136.92.
Kimberly Clark stock traded up $1.60 during midday trading on Tuesday, reaching $137.22. 1,728,936 shares of the stock traded hands, compared to its average volume of 1,542,182. The company has a 50-day simple moving average of $137.64 and a two-hundred day simple moving average of $133.75. Kimberly Clark has a 12-month low of $100.32 and a 12-month high of $143.50. The firm has a market cap of $46.67 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 3.72 and a beta of 0.55. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 134.02.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Thursday, September 5th. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.
In other news, SVP J. Scott Boston sold 4,834 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $136.26, for a total transaction of $658,680.84. Following the sale, the senior vice president now owns 11,901 shares of the company’s stock, valued at approximately $1,621,630.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Aaron Powell sold 3,964 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $137.95, for a total value of $546,833.80. Following the sale, the insider now directly owns 5,780 shares in the company, valued at approximately $797,351. The disclosure for this sale can be found here. Insiders have sold a total of 44,584 shares of company stock worth $6,242,483 in the last three months. Corporate insiders own 0.85% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. QCI Asset Management Inc. NY increased its position in Kimberly Clark by 4.9% during the second quarter. QCI Asset Management Inc. NY now owns 1,574 shares of the company’s stock worth $210,000 after buying an additional 73 shares during the period. Berman Capital Advisors LLC increased its position in Kimberly Clark by 25.6% during the second quarter. Berman Capital Advisors LLC now owns 368 shares of the company’s stock worth $49,000 after buying an additional 75 shares during the period. TrinityPoint Wealth LLC increased its position in Kimberly Clark by 3.4% during the second quarter. TrinityPoint Wealth LLC now owns 2,255 shares of the company’s stock worth $304,000 after buying an additional 75 shares during the period. MBM Wealth Consultants LLC increased its position in Kimberly Clark by 1.9% during the second quarter. MBM Wealth Consultants LLC now owns 4,134 shares of the company’s stock worth $551,000 after buying an additional 77 shares during the period. Finally, GW&K Investment Management LLC increased its position in Kimberly Clark by 0.7% during the second quarter. GW&K Investment Management LLC now owns 11,324 shares of the company’s stock worth $1,509,000 after buying an additional 78 shares during the period. 71.93% of the stock is currently owned by institutional investors and hedge funds.
Kimberly Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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