Citigroup Holds To Rating And Lowers Price Target On Kimberly-Clark Corporation (KMB)

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Kimberly-Clark Corporation (NYSE:KMB).

On July 26 UBS made no change to the company rating of “Neutral” and moved down the price target to $119.00 from $123.00. July 26 investment analysts at Citigroup held the company rating at “Neutral” but raised the price expectation from $125.00 to $132.00.

August 11 investment analysts at Citigroup held the stock rating at “Neutral” but moved down the price target to $131.00 from $132.00. On October 20 the stock rating was downgraded to “Underweight” from “Neutral” in a report from JP Morgan.

The company is trading down since yesterday’s close of 112.53. The company recently announced a dividend that was paid on Tuesday October 3rd, 2017. The dividend was $0.970 per share for the quarter which is $3.88 annualized. This dividend represents a yield of $3.36 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 7th of September 2017.

Company shares last traded at $112.45 which is just under the 50 day moving average of $118.07 and which is marginally lower than the 200 day moving average of $124.83. The 50 day moving average moved down $-5.62 whereas the 200 day average was down by -9.92%.

Kimberly-Clark Corporation, launched on June 29, 1928, is involved in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Business’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company sells its products to supermarkets, mass merchandisers, drugstores, warehouse clubs, variety and department stores, and other retail outlets. It sells its products for away-from-home use through distributors and directly to manufacturing, lodging, office building, food service and public facilities. As of December 31, 2016, the Company and its equity companies had manufacturing facilities in 38 countries, and it sold products in more than 175 countries. The Business’s business outside North America includes Developing and Emerging Markets (D&E) and Developed Markets. D&E markets consist of Eastern Europe, the Middle East and Africa, Latin America and Asia-Pacific, excluding Australia and South Korea. Its Developed Markets consist of Western and Central Europe, Australia and South Korea..

The company’s P/E ratio is 18.78 and market capitalization is 39.73B. In the latest earnings report the EPS was $5.99 and is expected to be $6.20 for the current year with 353,302,000 shares now outstanding. Next quarter’s EPS is estimated at $1.60 with next year’s EPS projected to be $6.59.

Investors are more bearish on shares of the company of late as indicated by the increase in short interest. The company recorded a rise in short interest of 7.10% as of September 29, 2017 from the last reporting period. Short interest increased from 9,590,990 to 10,271,991 over that period. Days to cover increased from 6.0 to 7.0 and the short interest percentage is 0.03% as of September 29.

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