Kimberly-Clark’s (KMB) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Kimberly-Clark (NYSE:KMB) in a report published on Friday,Benzinga reports. Royal Bank of Canada currently has a $165.00 price target on the stock.

Other equities analysts have also recently issued research reports about the company. UBS Group reduced their price target on Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Piper Sandler lowered their price objective on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Barclays reduced their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. dropped their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $143.71.

Kimberly-Clark Price Performance

NYSE:KMB opened at $128.40 on Friday. The company has a 50 day moving average price of $131.85 and a 200-day moving average price of $137.59. Kimberly-Clark has a 1-year low of $117.67 and a 1-year high of $149.30. The firm has a market cap of $42.82 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were issued a $1.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.80%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Kimberly-Clark

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its position in shares of Kimberly-Clark by 4.1% in the second quarter. Thrivent Financial for Lutherans now owns 29,018 shares of the company’s stock valued at $4,010,000 after acquiring an additional 1,155 shares during the period. Public Sector Pension Investment Board lifted its stake in Kimberly-Clark by 72.5% during the second quarter. Public Sector Pension Investment Board now owns 12,928 shares of the company’s stock worth $1,787,000 after purchasing an additional 5,434 shares during the last quarter. Insigneo Advisory Services LLC raised its stake in Kimberly-Clark by 31.9% during the second quarter. Insigneo Advisory Services LLC now owns 2,887 shares of the company’s stock worth $397,000 after acquiring an additional 698 shares in the last quarter. APG Asset Management N.V. boosted its stake in shares of Kimberly-Clark by 74.4% during the second quarter. APG Asset Management N.V. now owns 503,955 shares of the company’s stock valued at $64,984,000 after purchasing an additional 215,000 shares in the last quarter. Finally, Daymark Wealth Partners LLC grew its position in shares of Kimberly-Clark by 10.0% in the 2nd quarter. Daymark Wealth Partners LLC now owns 12,788 shares of the company’s stock valued at $1,767,000 after buying an additional 1,163 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Company Profile

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.