The stock of Kimberly Clark Corp (NYSE:KMB) hit a new 52-week low and has $109.22 target or 6.00% below today’s $116.19 share price. The 6 months bearish chart indicates high risk for the $42.16B company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $109.22 price target is reached, the company will be worth $2.53B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.13 million shares traded hands. Kimberly Clark Corp (NYSE:KMB) has declined 15.49% since April 7, 2016 and is downtrending. It has underperformed by 20.27% the S&P500.
Kimberly Clark Corp (NYSE:KMB) Ratings Coverage
Out of 12 analysts covering Kimberly-Clark (NYSE:KMB), 3 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 25% are positive. Kimberly-Clark has been the topic of 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. CLSA downgraded the shares of KMB in a report on Wednesday, October 26 to “Underperform” rating. The company was initiated on Tuesday, July 21 by Sterne Agee CRT. The stock of Kimberly Clark Corp (NYSE:KMB) earned “Buy” rating by Societe Generale on Friday, October 23. Deutsche Bank upgraded the shares of KMB in a report on Tuesday, September 15 to “Buy” rating. The stock has “Hold” rating given by Deutsche Bank on Monday, April 25. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, October 22. The stock of Kimberly Clark Corp (NYSE:KMB) has “Buy” rating given on Tuesday, October 25 by Goldman Sachs. Goldman Sachs upgraded the stock to “Buy” rating in Monday, December 14 report. Deutsche Bank maintained Kimberly Clark Corp (NYSE:KMB) rating on Thursday, October 22. Deutsche Bank has “Buy” rating and $127.0 price target. The firm earned “Hold” rating on Thursday, September 17 by Zacks.
According to Zacks Investment Research, “Kimberly-Clark Corporation is one of the leading consumer products companies. Its global tissue, personal care and health care brands include Huggies, Pull-Ups, Kotex, Depend, Kleenex, Scott, Kimberly-Clark, Safeskin, Tecnol, Kimwipes and Wypall. Other brands well known outside the U.S. include Andrex, Scottex, Page, Popee and Kimbies. Kimberly-Clark also is a major producer of premium business, correspondence and technical papers. (Company Press Release)”
Insitutional Activity: The institutional sentiment increased to 0.9 in 2016 Q2. Its up 0.07, from 0.83 in 2016Q1. The ratio increased, as 63 funds sold all Kimberly Clark Corp shares owned while 445 reduced positions. 76 funds bought stakes while 383 increased positions. They now own 242.40 million shares or 5.05% less from 255.29 million shares in 2016Q1.
General Electric last reported 85,000 shares in the company. Reynders Mcveigh Ltd has 0.13% invested in the company for 6,451 shares. Security Tru has 0.15% invested in the company for 3,058 shares. The Massachusetts-based Penobscot Invest Mngmt Incorporated has invested 0.39% in Kimberly Clark Corp (NYSE:KMB). Janney Cap Ltd Liability Co has 143,331 shares for 1.04% of their US portfolio. Northpointe Cap Limited Liability Corporation accumulated 11,821 shares or 0.19% of the stock. Oakwood Capital Management Limited Co Ca accumulated 43,898 shares or 1.58% of the stock. Babson Capital Management Limited Liability Com has invested 0.03% of its portfolio in Kimberly Clark Corp (NYSE:KMB). Gam Ag holds 0.11% or 52,764 shares in its portfolio. Edge Asset Mgmt Inc accumulated 64,654 shares or 0.08% of the stock. Menta Ltd Limited Liability Company last reported 9,660 shares in the company. High Point Bank & Trust And Trust has 500 shares for 0.02% of their US portfolio. The Massachusetts-based Woodstock has invested 0.86% in Kimberly Clark Corp (NYSE:KMB). Independence Trust Company holds 0.35% or 1,675 shares in its portfolio. Acadian Asset Limited Liability Corporation has invested 0.5% of its portfolio in Kimberly Clark Corp (NYSE:KMB).
Insider Transactions: Since May 12, 2016, the stock had 1 buying transaction, and 5 sales for $31.67 million net activity. 5,080 shares were sold by MacQuillan Sandra, worth $659,120 on Thursday, May 12. $400,400 worth of Kimberly Clark Corp (NYSE:KMB) was sold by PALMER ANTHONY J. on Thursday, August 4. $1.52M worth of Kimberly Clark Corp (NYSE:KMB) shares were sold by Mielke Thomas J.. 12,407 shares with value of $1.61 million were sold by Gottung Lizanne C on Thursday, August 4. Another trade for 2,000 shares valued at $227,182 was bought by DECHERD ROBERT W. 206,445 shares were sold by FALK THOMAS J, worth $27.54 million.
More important recent Kimberly Clark Corp (NYSE:KMB) news were published by: Fool.com which released: “Kimberly-Clark Corp. Logs Soggy Sales” on October 25, 2016, also Forbes.com published article titled: “Oversold Conditions For Kimberly-Clark (KMB)”, Marketwatch.com published: “Kimberly-Clark shares drop after earnings miss, guidance cut” on October 24, 2016. More interesting news about Kimberly Clark Corp (NYSE:KMB) was released by: Seekingalpha.com and their article: “Kimberly-Clark: Avoid At All Costs” with publication date: November 01, 2016.
KMB Company Profile
Kimberly-Clark Corporation, incorporated on June 29, 1928, is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Firm operates through three divisions: Personal Care, Consumer Tissue and K-C Professional. The Firm sells its products to supermarkets, mass merchandisers, drugstores, warehouse clubs, variety and department stores, and other retail outlets. The Firm sells its products for away-from-home use through distributors and directly to manufacturing, lodging, office building, food service and public facilities. The Firm has manufacturing facilities in over 40 countries.
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