Kimberly Clark (KMB) PT Raised to $115.00 at Wells Fargo & Co

Kimberly Clark (NYSE:KMB) had its price target raised by Wells Fargo & Co from $105.00 to $115.00 in a research note published on Tuesday, AnalystRatings.com reports. Wells Fargo & Co currently has a market perform rating on the stock.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. upgraded Kimberly Clark from a neutral rating to an overweight rating and set a $129.00 price target on the stock in a report on Friday, January 18th. Zacks Investment Research upgraded Kimberly Clark from a hold rating to a buy rating and set a $138.00 price target on the stock in a report on Monday. Exane BNP Paribas assumed coverage on Kimberly Clark in a report on Tuesday, February 12th. They set an outperform rating and a $130.00 price target on the stock. Morgan Stanley upgraded Kimberly Clark from an underweight rating to an equal weight rating and lifted their price target for the stock from $107.00 to $113.00 in a report on Thursday, January 24th. Finally, ValuEngine upgraded Kimberly Clark from a hold rating to a buy rating in a report on Friday, December 21st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. Kimberly Clark currently has an average rating of Hold and a consensus target price of $114.88.

NYSE KMB opened at $123.32 on Tuesday. Kimberly Clark has a 52 week low of $97.10 and a 52 week high of $124.50. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.49 and a current ratio of 0.77. The firm has a market cap of $42.33 billion, a PE ratio of 18.66, a P/E/G ratio of 3.40 and a beta of 0.60.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Wednesday, January 23rd. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.08). Kimberly Clark had a return on equity of 1,156.45% and a net margin of 7.63%. The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The firm’s revenue was down .7% on a year-over-year basis. Sell-side analysts expect that Kimberly Clark will post 6.6 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.34%. This is an increase from Kimberly Clark’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, March 7th. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.

In related news, insider Anthony J. Palmer sold 6,122 shares of the firm’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $115.11, for a total transaction of $704,703.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.85% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the stock. Berkshire Asset Management LLC PA increased its position in shares of Kimberly Clark by 0.6% during the 1st quarter. Berkshire Asset Management LLC PA now owns 108,395 shares of the company’s stock worth $13,430,000 after purchasing an additional 593 shares during the last quarter. BTIM Corp. increased its position in shares of Kimberly Clark by 0.7% during the 1st quarter. BTIM Corp. now owns 32,389 shares of the company’s stock worth $4,013,000 after purchasing an additional 225 shares during the last quarter. Allred Capital Management LLC grew its position in Kimberly Clark by 12.0% in the 1st quarter. Allred Capital Management LLC now owns 2,309 shares of the company’s stock valued at $283,000 after acquiring an additional 248 shares in the last quarter. American Research & Management Co. grew its position in Kimberly Clark by 806.5% in the 1st quarter. American Research & Management Co. now owns 562 shares of the company’s stock valued at $70,000 after acquiring an additional 500 shares in the last quarter. Finally, Asset Advisors Investment Management LLC grew its position in Kimberly Clark by 1.1% in the 1st quarter. Asset Advisors Investment Management LLC now owns 45,985 shares of the company’s stock valued at $5,698,000 after acquiring an additional 505 shares in the last quarter. 73.34% of the stock is owned by hedge funds and other institutional investors.

About Kimberly Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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Analyst Recommendations for Kimberly Clark (NYSE:KMB)

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