Kimberly-Clark (NYSE:KMB) Stock Rating Lowered by TD Cowen

TD Cowen downgraded shares of Kimberly-Clark (NYSE:KMB) from a buy rating to a hold rating in a report issued on Wednesday morning, MarketBeat reports. TD Cowen currently has $145.00 price objective on the stock.

A number of other brokerages have also weighed in on KMB. Piper Sandler dropped their price target on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday. UBS Group decreased their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Barclays boosted their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $147.57.

Kimberly-Clark Trading Down 0.5 %

NYSE:KMB opened at $126.63 on Wednesday. The stock has a market capitalization of $42.23 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 2.76 and a beta of 0.41. Kimberly-Clark has a 52 week low of $117.67 and a 52 week high of $149.30. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The firm has a 50 day moving average of $133.46 and a 200 day moving average of $138.60.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating 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 firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the prior year, the business posted $1.74 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kimberly-Clark will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were given a $1.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.85%. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value 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. This represents a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.62% of the company’s stock.

Institutional Trading of Kimberly-Clark

Institutional investors and hedge funds have recently made changes to their positions in the business. William B. Walkup & Associates Inc. purchased a new position in Kimberly-Clark in the 2nd quarter valued at about $26,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the third quarter valued at approximately $29,000. DiNuzzo Private Wealth Inc. lifted its position in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of Kimberly-Clark in the third quarter worth approximately $36,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Kimberly-Clark during the third quarter worth approximately $39,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Company Profile

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.