Kimberly-Clark Corporation (NASDAQ:KMB) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Kimberly-Clark has a consensus broker rating of "Hold", based on 16 analyst opinions. The average 12-month price target is about $116.79.
• Recent analyst actions have been mixed, with Piper Sandler raising its target to $121 and calling the stock overweight, while others such as Deutsche Bank, UBS, and Wells Fargo adjusted targets and maintained more neutral stances.
• The company reported better-than-expected quarterly earnings of $1.97 per share and revenue of $4.16 billion, and it also paid a quarterly dividend of $1.28 per share, implying an annualized yield of about 4.7%.

Kimberly-Clark Corporation (NASDAQ:KMB - Get Free Report) has earned an average recommendation of "Hold" from the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $116.7857.

KMB has been the subject of several recent analyst reports. Piper Sandler upped their price target on Kimberly-Clark from $115.00 to $121.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Kimberly-Clark from $110.00 to $109.00 and set a "hold" rating on the stock in a report on Monday, March 30th. UBS Group raised their target price on shares of Kimberly-Clark from $106.00 to $115.00 and gave the company a "neutral" rating in a research note on Thursday. Bank of America reduced their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, April 10th. Finally, Wells Fargo & Company boosted their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 8th.

Insider Activity

In related news, VP Andrew Scribner sold 4,095 shares of the business's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Katy Chen sold 1,596 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the transaction, the insider directly owned 8,362 shares of the company's stock, valued at approximately $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 7,096 shares of company stock worth $689,687 over the last ninety days. Insiders own 0.75% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KMB. Godfrey Financial Associates Inc. purchased a new stake in Kimberly-Clark during the fourth quarter valued at $25,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the 2nd quarter worth $27,000. CrossGen Wealth LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter worth about $27,000. Eagle Bay Advisors LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $28,000. Finally, Newbridge Financial Services Group Inc. raised its position in shares of Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company's stock valued at $29,000 after buying an additional 140 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $108.35 on Friday. The stock's 50-day simple moving average is $103.19 and its 200-day simple moving average is $101.74. Kimberly-Clark has a 52 week low of $92.42 and a 52 week high of $137.46. The company has a market capitalization of $35.97 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 4.85 and a beta of 0.26. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping analysts' consensus estimates of $1.93 by $0.04. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.93 earnings per share. As a group, analysts expect that Kimberly-Clark will post 7.47 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a dividend of $1.28 per share. The ex-dividend date was Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. Kimberly-Clark's dividend payout ratio (DPR) is presently 80.38%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

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