Kimberly-Clark Corp. (NYSE:KMB) shares traded -1.43% lower at $118.78 on Wall Street last session.
In accordance with the data, 20 analysts cover Kimberly-Clark Corp. (NYSE:KMB). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $153.00 and a low of $111.00, we find $128.00. Given the previous closing price of $120.50, this indicates a potential upside of 6.22 percent. KMB stock price is now -4.46% away from the 50-day moving average and -9.76% away from the 200-day moving average. The market capitalization of the company currently stands at $40.17B.
It has been rated a hold by 16 analysts and a buy by 1. Brokers who have rated the stock have averaged $130.35 as their price target over the next twelve months.
With the price target reduced from $125 to $118, Bernstein Upgraded its rating from Underperform to Mkt Perform for Kimberly-Clark Corp. (NYSE: KMB).
In other news, Hicks Zackery A, Chief Digital & Technology Off sold 3,020 shares of the company’s stock on Oct 25. The stock was sold for $360,677 at an average price of $119.43. Upon completion of the transaction, the Chief Digital & Technology Off 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 Aug 29, Chief Human Resources Officer Karrmann Sandra R sold 5,122 shares of the business’s stock. A total of $664,836 was realized by selling the stock at an average price of $129.80. This leaves the insider owning 6,228 shares of the company worth $0.74 million. Insiders disposed of 105,955 shares of company stock worth roughly $12.59 million over the past 1 year. A total of 0.26% 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 Corp. shares was purchased by VIRGINIA RETIREMENT SYSTEM during the first quarter worth $30,705,000. ADAGE CAPITAL PARTNERS GP, L.L.C. invested $22,085,000 in shares of KMB during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in Kimberly-Clark Corp. valued at approximately $20,243,000. GRANITE BAY WEALTH MANAGEMENT, LLC acquired a new stake in KMB for approximately $15,943,000. GENUS CAPITAL MANAGEMENT INC. purchased a new stake in KMB valued at around $12,838,000 in the second quarter. In total, there are 2,121 active investors with 77.08% ownership of the company’s stock.
Kimberly-Clark Corp. (NYSE: KMB) opened at $120.94 on Wednesday. During the past 12 months, Kimberly-Clark Corp. has had a low of $114.38 and a high of $147.87. As of last week, the company has a debt-to-equity ratio of 11.90, a current ratio of 0.84, and a quick ratio of 0.54. According to the stock market information, the enterprise value for the company is $47.42B, which is based on a 22.83 price-to-earnings ratio, a 2.35 price-to-earnings-growth ratio, and a beta of 0.40. The fifty day moving average price for KMB is $124.17 and a two-hundred day moving average price translates $131.54 for the stock.
The latest earnings results from Kimberly-Clark Corp. (NYSE: KMB) was released for Sep, 2023. According to the Household & Personal Products Company, earnings per share came in at $1.65, beating analysts’ expectations of $1.48 by 0.17. This compares to $1.39 EPS in the same period last year. The net profit margin was 8.63% and return on equity was 315.49% for KMB. The company reported revenue of $5.13 billion for the quarter, compared to $5.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.56 percent. For the current quarter, analysts expect KMB to generate $5.15B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/03/2023. Investors who held shares on 09/08/2023 were paid a $1.18 dividend. On an annualized basis, this represents a $4.71 dividend and a 3.97% percent yield. There was an ex-dividend date of 09/07/2023 for this dividend. In terms of dividend payout ratio, KMB is presently at 81.16%.
Kimberly-Clark Corp.(KMB) Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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. Its Consumer Tissue segment provides facial and bathroom tissues, paper towels, napkins, and related products under the Kleenex, Scott, Cottonelle, Viva, Andrex, Scottex, Neve, and other brand names. The company’s K-C Professional segment offers wipers, tissues, towels, apparel, soaps, and sanitizers under the Kleenex, Scott, WypAll, Kimtech, and KleenGuard brands. In addition, it sells household use products directly to supermarkets, mass merchandisers, drugstores, warehouse clubs, variety and department stores, and other retail outlets, as well as through other distributors and e-commerce; and away-from-home use products directly to manufacturing, lodging, office building, food service, and public facilities, as well as through e-commerce. The company was founded in 1872 and is headquartered in Dallas, Texas.
