Barclays Issues Pessimistic Forecast for Kimberly-Clark (NYSE:KMB) Stock Price

Kimberly-Clark (NYSE:KMB) had its target price trimmed by Barclays from $144.00 to $132.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Citigroup cut their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday. Piper Sandler decreased their target price on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. UBS Group dropped their price target on Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday. Finally, TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $143.71.

Kimberly-Clark Stock Up 0.5 %

Shares of KMB stock opened at $127.33 on Friday. Kimberly-Clark has a 52-week low of $117.67 and a 52-week high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The stock has a market cap of $42.46 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.69 and a beta of 0.41. The firm’s 50-day moving average is $132.41 and its 200-day moving average is $137.98.

Kimberly-Clark (NYSE:KMB) last issued its 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 return on equity of 198.59% and a net margin of 12.97%. The company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the previous year, the company posted $1.74 EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Sell-side analysts predict that Kimberly-Clark will post 7.31 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were given a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.83%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KMB. William B. Walkup & Associates Inc. bought a new stake in shares of Kimberly-Clark during the 2nd quarter valued at approximately $26,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the third quarter worth $29,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares in the last quarter. Kennebec Savings Bank bought a new position in shares of Kimberly-Clark in the 3rd quarter valued at $36,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Kimberly-Clark during the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

About Kimberly-Clark

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.