Morgan Stanley initiated coverage on shares of Kimberly Clark (NYSE:KMB) in a research note published on Thursday morning, Marketbeat reports. The brokerage issued an underweight rating and a $94.00 price objective on the stock.
Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Kimberly Clark from a buy rating to a hold rating in a research note on Wednesday, April 4th. Sanford C. Bernstein reaffirmed a market perform rating and issued a $110.00 target price (down from $115.00) on shares of Kimberly Clark in a research note on Tuesday, April 24th. ValuEngine cut shares of Kimberly Clark from a sell rating to a strong sell rating in a research note on Saturday, June 2nd. Barclays reaffirmed a hold rating and issued a $113.00 target price on shares of Kimberly Clark in a research note on Wednesday, April 25th. Finally, Royal Bank of Canada reaffirmed an in-line rating on shares of Kimberly Clark in a research note on Tuesday, April 24th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. Kimberly Clark presently has a consensus rating of Hold and a consensus price target of $113.64.
Shares of Kimberly Clark opened at $100.97 on Thursday, according to Marketbeat. The company has a debt-to-equity ratio of 10.96, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly Clark has a 1-year low of $97.10 and a 1-year high of $134.29. The company has a market cap of $34.98 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 2.09 and a beta of 0.67.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Friday, June 8th will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, June 7th. This represents a $4.00 annualized dividend and a dividend yield of 3.96%. Kimberly Clark’s dividend payout ratio is presently 64.21%.
In other news, SVP Jeffrey P. Melucci sold 330 shares of the business’s stock in a transaction on Tuesday, May 29th. The shares were sold at an average price of $105.97, for a total transaction of $34,970.10. Following the completion of the sale, the senior vice president now directly owns 5,132 shares of the company’s stock, valued at approximately $543,838.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Decherd acquired 2,000 shares of the stock in a transaction dated Tuesday, April 24th. The shares were bought at an average cost of $100.05 per share, with a total value of $200,100.00. Following the completion of the purchase, the director now directly owns 45,444 shares in the company, valued at $4,546,672.20. The disclosure for this purchase can be found here. 0.64% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in KMB. American International Group Inc. grew its stake in shares of Kimberly Clark by 2,507.7% during the 4th quarter. American International Group Inc. now owns 4,397,893 shares of the company’s stock valued at $530,650,000 after buying an additional 4,229,240 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Kimberly Clark by 311.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,444,035 shares of the company’s stock valued at $269,160,000 after buying an additional 1,850,080 shares during the period. BlackRock Inc. grew its stake in shares of Kimberly Clark by 4.9% during the 4th quarter. BlackRock Inc. now owns 25,795,326 shares of the company’s stock valued at $3,112,464,000 after buying an additional 1,212,672 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of Kimberly Clark by 94.1% during the 4th quarter. Two Sigma Advisers LP now owns 2,050,420 shares of the company’s stock valued at $247,404,000 after acquiring an additional 993,961 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of Kimberly Clark during the 4th quarter valued at $117,456,000. 73.28% of the stock is owned by institutional investors.
About Kimberly Clark
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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