Zacks Investment Research lowered shares of Kimberly-Clark Corporation (NYSE:KMB) from a hold rating to a sell rating in a research note published on Friday morning.
According to Zacks, “Shares of Kimberly-Clark have underperformed as compared to the industry over the past one year. We note that Kimberly-Clark has been witnessing slower organic sales growth, especially in developing and emerging markets, over the past few quarters, due to lower volumes and a difficult economic. During the first quarter 2017, higher volumes across China, Eastern Europe and Brazil were offset by the decline in net selling prices. Also the company’s diaper segment is witnessing lower market share, as consumers are seen to shift to either premium or less expensive diaper offerings. The company is however positive about its cost-containment and restructuring efforts and remains confident with its regular innovation and expansion strategies. But, unfavorable foreign currency translations and inflationary environment continue to pose as threats for the company.”
Other research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Kimberly-Clark Corporation from a c+ rating to an a- rating in a research report on Wednesday, April 26th. Vetr upgraded shares of Kimberly-Clark Corporation from a hold rating to a buy rating and set a $141.50 price objective for the company in a research report on Monday, March 27th. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a buy rating in a research report on Monday, June 19th. BidaskClub upgraded shares of Kimberly-Clark Corporation from a hold rating to a buy rating in a research report on Thursday, June 22nd. Finally, Jefferies Group LLC initiated coverage on shares of Kimberly-Clark Corporation in a research report on Tuesday, April 18th. They issued a hold rating and a $134.00 price objective for the company. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $134.38.
Shares of Kimberly-Clark Corporation (KMB) traded up 0.17% during trading on Friday, reaching $127.01. The company had a trading volume of 1,104,985 shares. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.87. The firm has a 50-day moving average of $129.69 and a 200-day moving average of $126.77. The company has a market cap of $45.08 billion, a P/E ratio of 20.96 and a beta of 0.78.
Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Monday, April 24th. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. Kimberly-Clark Corporation had a net margin of 11.99% and a return on equity of 602.48%. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the previous year, the company posted $1.53 earnings per share. Kimberly-Clark Corporation’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post $6.28 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Friday, June 9th were paid a $0.97 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.05%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is currently 64.13%.
In related news, insider Sergio Cruz sold 7,078 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total value of $920,210.78. Following the transaction, the insider now owns 4,910 shares in the company, valued at approximately $638,349.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Sandra Macquillan sold 5,081 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $129.82, for a total transaction of $659,615.42. Following the completion of the transaction, the senior vice president now owns 5,364 shares in the company, valued at approximately $696,354.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,267 shares of company stock worth $4,155,862. 0.56% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tortoise Investment Management LLC raised its position in shares of Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after buying an additional 34 shares during the last quarter. Zions Bancorporation raised its position in shares of Kimberly-Clark Corporation by 8.6% in the fourth quarter. Zions Bancorporation now owns 971 shares of the company’s stock worth $110,000 after buying an additional 77 shares during the last quarter. Acrospire Investment Management LLC raised its position in shares of Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after buying an additional 500 shares during the last quarter. Armbruster Capital Management Inc. raised its position in shares of Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after buying an additional 250 shares during the last quarter. Finally, Heritage Trust Co acquired a new position in shares of Kimberly-Clark Corporation during the first quarter worth about $118,000. Hedge funds and other institutional investors own 70.05% of the company’s stock.
Kimberly-Clark Corporation Company Profile
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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