Kimberly-Clark Co. (NYSE:KMB - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $150.45 and last traded at $148.31, with a volume of 998366 shares trading hands. The stock had previously closed at $144.79.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on KMB shares. Barclays decreased their price target 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. JPMorgan Chase & Co. decreased 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. UBS Group lifted their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Piper Sandler reissued an "overweight" rating and issued a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $143.64.
Check Out Our Latest Analysis on Kimberly-Clark
Kimberly-Clark Price Performance
The stock has a market capitalization of $46.85 billion, a P/E ratio of 18.71, a PEG ratio of 4.46 and a beta of 0.36. The company has a 50 day moving average of $132.96 and a 200-day moving average of $136.48. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.
Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting analysts' consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Sell-side analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.
Kimberly-Clark Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.57%. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's payout ratio is currently 66.75%.
Insiders Place Their Bets
In other news, VP Andrew Drexler sold 2,500 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the completion of the transaction, the vice president now owns 2,553 shares in the company, valued at approximately $357,420. This represents a 49.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is owned by corporate insiders.
Institutional Trading of Kimberly-Clark
Hedge funds have recently bought and sold shares of the company. Wood Tarver Financial Group LLC acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $142,000. Probity Advisors Inc. acquired a new stake in Kimberly-Clark in the 4th quarter valued at approximately $223,000. Smith Shellnut Wilson LLC ADV raised its stake in Kimberly-Clark by 8.6% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 1,935 shares of the company's stock valued at $254,000 after acquiring an additional 154 shares in the last quarter. Siemens Fonds Invest GmbH boosted its position in Kimberly-Clark by 9.6% during the 4th quarter. Siemens Fonds Invest GmbH now owns 15,484 shares of the company's stock worth $2,023,000 after acquiring an additional 1,358 shares during the period. Finally, Park Square Financial Group LLC bought a new position in shares of Kimberly-Clark in the fourth quarter worth $98,000. 76.29% of the stock is currently owned by institutional investors.
Kimberly-Clark Company Profile
(
Get Free Report)
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.
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