Kimberly-Clark’s (KMB) Overweight Rating Reaffirmed at Piper Sandler

Piper Sandler reissued their overweight rating on shares of Kimberly-Clark (NYSE:KMB) in a research note released on Wednesday,Benzinga reports. Piper Sandler currently has a $158.00 price target on the stock, down from their prior price target of $161.00.

Several other analysts have also commented on KMB. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research report on Wednesday, January 8th. UBS Group reduced their target price on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. reduced their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Citigroup reduced their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research note on Wednesday, January 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $143.64.

Kimberly-Clark Stock Up 0.2 %

KMB opened at $129.67 on Wednesday. The firm has a market capitalization of $43.24 billion, a P/E ratio of 16.82, a PEG ratio of 3.53 and a beta of 0.41. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. Kimberly-Clark has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The company’s 50-day moving average is $131.63 and its 200 day moving average is $137.41.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Research analysts expect that Kimberly-Clark will post 7.32 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is currently 63.29%.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Kimberly-Clark

Hedge funds have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kimberly-Clark during the 4th quarter valued at $25,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark in the 3rd quarter worth $29,000. DiNuzzo Private Wealth Inc. raised its holdings in Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Kimberly-Clark in the 4th quarter worth $32,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth about $33,000. 76.29% of the stock is currently owned by institutional investors.

About Kimberly-Clark

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.