Kimberly-Clark (NYSE:KMB) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Kimberly-Clark (NYSE:KMBGet Rating) from a hold rating to a buy rating in a research report report published on Monday.

Several other equities analysts have also weighed in on KMB. UBS Group increased their price target on shares of Kimberly-Clark from $128.00 to $140.00 in a research report on Monday, April 25th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $130.00 to $138.00 in a research report on Monday, April 25th. JPMorgan Chase & Co. reduced their price target on shares of Kimberly-Clark from $118.00 to $113.00 in a research report on Wednesday, March 30th. Morgan Stanley increased their price target on shares of Kimberly-Clark from $133.00 to $137.00 and gave the company an equal weight rating in a research report on Monday, April 25th. Finally, Wells Fargo & Company increased their target price on shares of Kimberly-Clark from $128.00 to $135.00 and gave the stock an equal weight rating in a research report on Monday, April 25th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of Hold and an average price target of $132.60.

Shares of KMB stock opened at $127.57 on Monday. The firm has a 50-day moving average of $132.29 and a 200-day moving average of $132.69. The company has a market cap of $42.98 billion, a P/E ratio of 24.58, a P/E/G ratio of 4.19 and a beta of 0.37. The company has a debt-to-equity ratio of 9.49, a current ratio of 0.81 and a quick ratio of 0.50. Kimberly-Clark has a one year low of $117.32 and a one year high of $145.79.

Kimberly-Clark (NYSE:KMBGet Rating) last announced its earnings results on Friday, April 22nd. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.23 by $0.12. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.92 billion. Kimberly-Clark had a net margin of 8.86% and a return on equity of 253.93%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.80 earnings per share. As a group, research analysts expect that Kimberly-Clark will post 5.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Friday, June 10th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Thursday, June 9th. Kimberly-Clark’s payout ratio is 89.40%.

In related news, insider Doug Cunningham sold 3,627 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $138.00, for a total value of $500,526.00. Following the sale, the insider now directly owns 4,242 shares of the company’s stock, valued at $585,396. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tristram Wilkinson sold 2,069 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $137.17, for a total transaction of $283,804.73. Following the completion of the sale, the insider now directly owns 14,102 shares in the company, valued at $1,934,371.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,696 shares of company stock worth $8,807,911. Insiders own 0.55% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of Kimberly-Clark by 5.7% during the first quarter. BlackRock Inc. now owns 27,386,495 shares of the company’s stock worth $3,372,921,000 after acquiring an additional 1,481,780 shares in the last quarter. State Street Corp grew its holdings in shares of Kimberly-Clark by 1.1% in the first quarter. State Street Corp now owns 18,052,213 shares of the company’s stock worth $2,243,722,000 after purchasing an additional 194,143 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Kimberly-Clark by 9.5% in the first quarter. Capital Research Global Investors now owns 12,228,266 shares of the company’s stock worth $1,506,033,000 after purchasing an additional 1,056,127 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Kimberly-Clark by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,605,887 shares of the company’s stock worth $799,062,000 after purchasing an additional 122,005 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Kimberly-Clark by 7.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,445,588 shares of the company’s stock worth $670,678,000 after purchasing an additional 397,337 shares during the last quarter. 74.32% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Company Profile (Get Rating)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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