Kimberly-Clark Corporation (KMB) Upgraded to Buy by Societe Generale

Societe Generale upgraded shares of Kimberly-Clark Corporation (NYSE:KMB) from a hold rating to a buy rating in a research note published on Thursday, Marketbeat.com reports. Societe Generale currently has $144.00 price target on the stock, up from their previous price target of $112.05.

A number of other analysts also recently issued reports on the company. J P Morgan Chase & Co downgraded Kimberly-Clark Corporation from a neutral rating to an underweight rating and cut their target price for the stock from $115.55 to $100.00 in a research note on Friday, October 20th. Macquarie started coverage on Kimberly-Clark Corporation in a research note on Friday, September 15th. They issued a neutral rating and a $121.00 target price for the company. Royal Bank Of Canada reaffirmed a hold rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a research note on Friday, September 8th. BidaskClub downgraded Kimberly-Clark Corporation from a hold rating to a sell rating in a research note on Tuesday, July 11th. Finally, UBS AG reaffirmed a neutral rating and issued a $119.00 target price (down from $120.00) on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $127.14.

Kimberly-Clark Corporation (NYSE KMB) opened at $110.79 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. The firm has a market cap of $38,971.20, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 2.88 and a beta of 0.74.

Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same quarter last year, the firm posted $1.52 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. analysts forecast that Kimberly-Clark Corporation will post 6.2 earnings per share for the current year.

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Large investors have recently modified their holdings of the stock. Tortoise Investment Management LLC increased its position in shares of Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after purchasing an additional 34 shares during the last quarter. Armbruster Capital Management Inc. grew its position in Kimberly-Clark Corporation by 38.5% in the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after acquiring an additional 250 shares in the last quarter. Heritage Trust Co acquired a new position in Kimberly-Clark Corporation in the 1st quarter valued at about $118,000. V Wealth Management LLC acquired a new position in Kimberly-Clark Corporation in the 2nd quarter valued at about $123,000. Finally, Sterling Investment Advisors Ltd. grew its position in Kimberly-Clark Corporation by 63.8% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after acquiring an additional 400 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

About Kimberly-Clark Corporation

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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