Deutsche Bank cut shares of Kimberly Clark (NYSE:KMB) from a hold rating to a sell rating in a research note released on Wednesday, Marketbeat reports. The brokerage currently has $99.00 target price on the stock.

Other equities analysts also recently issued reports about the company. Morgan Stanley upped their price target on Kimberly Clark from $94.00 to $102.00 and gave the company a sell rating in a report on Friday, August 31st. ValuEngine upgraded Kimberly Clark from a strong sell rating to a sell rating in a research note on Wednesday, July 18th. JPMorgan Chase & Co. upgraded Kimberly Clark from an underweight rating to a neutral rating and reduced their price objective for the company from $90.00 to $86.00 in a research note on Thursday, August 16th. Zacks Investment Research cut Kimberly Clark from a hold rating to a sell rating in a research note on Tuesday, June 12th. Finally, UBS Group began coverage on Kimberly Clark in a research note on Thursday, July 19th. They issued a sell rating and a $90.00 price objective for the company. Five investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The company has an average rating of Hold and a consensus target price of $106.67.

KMB traded up $1.01 on Wednesday, reaching $109.14. The company’s stock had a trading volume of 2,158,620 shares, compared to its average volume of 2,344,177. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 32.28. The company has a market capitalization of $39.51 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 2.57 and a beta of 0.70. Kimberly Clark has a fifty-two week low of $97.10 and a fifty-two week high of $123.77.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.02. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.60 billion. Kimberly Clark had a return on equity of 432.18% and a net margin of 9.33%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.49 earnings per share. On average, equities analysts anticipate that Kimberly Clark will post 6.69 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Thursday, September 6th. Kimberly Clark’s dividend payout ratio is currently 64.21%.

In other news, insider Anthony J. Palmer sold 6,445 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $117.34, for a total transaction of $756,256.30. Following the completion of the sale, the insider now owns 6,122 shares in the company, valued at $718,355.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Aaron Powell sold 1,100 shares of the company’s stock in a transaction that occurred on Wednesday, July 25th. The stock was sold at an average price of $105.96, for a total value of $116,556.00. Following the sale, the insider now owns 1,117 shares of the company’s stock, valued at approximately $118,357.32. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Kovack Advisors Inc. raised its stake in shares of Kimberly Clark by 16.3% during the second quarter. Kovack Advisors Inc. now owns 3,384 shares of the company’s stock worth $356,000 after purchasing an additional 474 shares during the last quarter. Catawba Capital Management VA grew its holdings in Kimberly Clark by 2.3% during the second quarter. Catawba Capital Management VA now owns 21,098 shares of the company’s stock worth $2,222,000 after acquiring an additional 480 shares during the period. Mackay Shields LLC grew its holdings in Kimberly Clark by 0.7% during the second quarter. Mackay Shields LLC now owns 73,485 shares of the company’s stock worth $7,741,000 after acquiring an additional 483 shares during the period. Shamrock Asset Management LLC grew its holdings in Kimberly Clark by 44.1% during the first quarter. Shamrock Asset Management LLC now owns 1,598 shares of the company’s stock worth $167,000 after acquiring an additional 489 shares during the period. Finally, ACG Wealth grew its holdings in Kimberly Clark by 19.2% during the second quarter. ACG Wealth now owns 3,058 shares of the company’s stock worth $322,000 after acquiring an additional 492 shares during the period. Institutional investors and hedge funds own 73.86% of the company’s stock.

Kimberly Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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Analyst Recommendations for Kimberly Clark (NYSE:KMB)

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