Kimberly-Clark (NYSE:KMB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
According to Zacks, “Kimberly-Clark has been gaining from its solid cost-saving efforts. While the company has long been benefiting from its FORCE program, it also unveiled a 2018 Global Restructuring Program, which marks its biggest restructuring in a while. The plan is likely to enhance the company’s underlying profitability, help it compete better and provide flexibility to undertake growth-oriented investments. We believe that such efforts are likely to provide cushion to the stock, which declined in the past six months, while it fared better than the industry. Also, these factors fueled Kimberly-Clark in the fourth quarter of 2017, wherein results gained from cost-savings, lower tax and higher sales at most units. However, input cost inflation has been a concern for a while and is also likely to persist in 2018. Further the company has been struggling with softness in its North American segment and persistent challenges in the diaper category.”
Several other analysts also recently issued reports on KMB. Citigroup set a $112.00 price target on Kimberly-Clark and gave the company a “sell” rating in a research note on Wednesday, January 24th. Barclays set a $119.00 price target on Kimberly-Clark and gave the company a “hold” rating in a research note on Thursday, March 15th. Three 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 stock. The company has an average rating of “Hold” and an average price target of $124.63.
Shares of KMB stock traded up $0.25 during trading on Friday, reaching $106.41. 455,097 shares of the company’s stock were exchanged, compared to its average volume of 2,389,795. The firm has a market capitalization of $37,802.63, a PE ratio of 17.10, a PEG ratio of 1.95 and a beta of 0.66. Kimberly-Clark has a twelve month low of $104.58 and a twelve month high of $134.29. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 7.34.
Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.03. The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.61 billion. Kimberly-Clark had a return on equity of 427.79% and a net margin of 12.48%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 EPS. sell-side analysts predict that Kimberly-Clark will post 7 EPS for the current fiscal year.
In other news, insider Kimberly K. Underhill sold 23,158 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the sale, the insider now directly owns 31,141 shares in the company, valued at approximately $3,729,757.57. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.64% of the company’s stock.
Several large investors have recently added to or reduced their stakes in KMB. Prospera Financial Services Inc boosted its position in shares of Kimberly-Clark by 14.6% during the 4th quarter. Prospera Financial Services Inc now owns 3,378 shares of the company’s stock valued at $405,000 after purchasing an additional 431 shares in the last quarter. Profund Advisors LLC boosted its position in shares of Kimberly-Clark by 5.2% during the 4th quarter. Profund Advisors LLC now owns 9,037 shares of the company’s stock valued at $1,090,000 after purchasing an additional 445 shares in the last quarter. Pinkerton Retirement Specialists LLC boosted its position in shares of Kimberly-Clark by 2.6% during the 3rd quarter. Pinkerton Retirement Specialists LLC now owns 17,998 shares of the company’s stock valued at $2,080,000 after purchasing an additional 448 shares in the last quarter. ETRADE Capital Management LLC boosted its position in shares of Kimberly-Clark by 1.9% during the 4th quarter. ETRADE Capital Management LLC now owns 23,896 shares of the company’s stock valued at $2,883,000 after purchasing an additional 454 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its position in shares of Kimberly-Clark by 1.7% during the 4th quarter. CWA Asset Management Group LLC now owns 26,717 shares of the company’s stock valued at $3,224,000 after purchasing an additional 457 shares in the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.
Kimberly-Clark Company Profile
Kimberly-Clark Corp. is engaged in the manufacturing and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment manufactures and markets disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
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