In yesterday’s Wall Street session, Kimberly-Clark Corporation (NYSE:KMB) shares traded at $135.18, down -0.13% from the previous session.
As of this writing, 20 analysts cover Kimberly-Clark Corporation (NYSE:KMB). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $154.00 and a low of $125.00, we find $141.00. Given the previous closing price of $135.36, this indicates a potential upside of 4.17 percent. KMB stock price is now -3.05% away from the 50-day moving average and 2.80% away from the 200-day moving average. The market capitalization of the company currently stands at $46.45B.
There are 15 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $140.18 as their price target over the next twelve months.
With the price target enhanced from $122 to $123, Deutsche Bank Upgraded its rating from Sell to Hold for Kimberly-Clark Corporation (NYSE: KMB).
In other news, Cunningham Doug, President, EMEA sold 1,504 shares of the company’s stock on May 02. The stock was sold for $218,798 at an average price of $145.48. Upon completion of the transaction, the President, EMEA now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 27, Vice President and Controller Drexler Andrew sold 7,970 shares of the business’s stock. A total of $1,156,610 was realized by selling the stock at an average price of $145.12. This leaves the insider owning 4,889 shares of the company worth $0.66 million. Insiders disposed of 95,522 shares of company stock worth roughly $12.91 million over the past 1 year. A total of 0.24% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KMB stock. A new stake in Kimberly-Clark Corporation shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $53,086,000. SUMMIT WEALTH GROUP, LLC invested $23,750,000 in shares of KMB during the first quarter. In the first quarter, GODSEY & GIBB, INC acquired a new stake in Kimberly-Clark Corporation valued at approximately $17,184,000. POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in KMB for approximately $15,429,000. EMPOWER ADVISORY GROUP, LLC purchased a new stake in KMB valued at around $14,614,000 in the second quarter. In total, there are 2,105 active investors with 77.40% ownership of the company’s stock.
Monday morning saw Kimberly-Clark Corporation (NYSE: KMB) opened at $135.87. During the past 12 months, Kimberly-Clark Corporation has had a low of $108.74 and a high of $147.87. As of last week, the company has a debt-to-equity ratio of 12.09, a current ratio of 0.80, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $53.56B, which is based on a 23.14 price-to-earnings ratio, a 2.52 price-to-earnings-growth ratio, and a beta of 0.42. The fifty day moving average price for KMB is $139.26 and a two-hundred day moving average price translates $131.57 for the stock.
The latest earnings results from Kimberly-Clark Corporation (NYSE: KMB) was released for Mar, 2023. According to the Household & Personal Products Company, earnings per share came in at $1.67, beating analysts’ expectations of $1.32 by 0.35. This compares to $1.58 EPS in the same period last year. The net profit margin was 9.80% and return on equity was 344.40% for KMB. The company reported revenue of $5.2 billion for the quarter, compared to $5.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.96 percent. For the current quarter, analysts expect KMB to generate $5.12B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/05/2023. Investors who held shares on 06/09/2023 were paid a $1.18 dividend. On an annualized basis, this represents a $4.72 dividend and a 3.49% percent yield. There was an ex-dividend date of 06/08/2023 for this dividend. In terms of dividend payout ratio, KMB is presently at 79.20%.
