UBS Group Cuts Kimberly-Clark (NYSE:KMB) Price Target to $151.00

Kimberly-Clark (NYSE:KMB) had its price objective trimmed by UBS Group from $153.00 to $151.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other analysts have also recently commented on the stock. Barclays upped their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Piper Sandler increased their target price on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. raised their target price on Kimberly-Clark from $137.00 to $142.00 and gave the stock an “underweight” rating in a report on Friday, October 11th. Argus raised Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Finally, StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $135.52 on Wednesday. The firm has a market cap of $45.63 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 2.89 and a beta of 0.39. Kimberly-Clark has a 12 month low of $116.63 and a 12 month high of $149.30. The company has a quick ratio of 0.58, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The stock has a 50-day moving average price of $143.08 and a 200 day moving average price of $138.65.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the previous year, the company earned $1.74 EPS. Kimberly-Clark’s revenue was down 3.5% on a year-over-year basis. Research analysts expect that Kimberly-Clark will post 7.25 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Insider Activity

In related news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Financial Advocates Investment Management lifted its position in Kimberly-Clark by 1.2% during the 3rd quarter. Financial Advocates Investment Management now owns 7,713 shares of the company’s stock worth $1,097,000 after buying an additional 95 shares in the last quarter. Cornerstone Wealth Group LLC raised its holdings in Kimberly-Clark by 5.3% during the third quarter. Cornerstone Wealth Group LLC now owns 3,551 shares of the company’s stock worth $505,000 after acquiring an additional 179 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in Kimberly-Clark by 609.8% during the third quarter. JFS Wealth Advisors LLC now owns 2,825 shares of the company’s stock valued at $402,000 after purchasing an additional 2,427 shares during the last quarter. Pinnacle Associates Ltd. grew its stake in Kimberly-Clark by 6.5% in the third quarter. Pinnacle Associates Ltd. now owns 19,858 shares of the company’s stock valued at $2,825,000 after purchasing an additional 1,218 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its position in shares of Kimberly-Clark by 19.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 19,100 shares of the company’s stock worth $2,718,000 after purchasing an additional 3,136 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Company Profile

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