Kleenex, Huggies maker to cut up to 5500 jobs, close 10 plants

Kleenex, Huggies maker to cut up to 5500 jobs, close 10 plants

Univest Corp Of Pennsylvania increased its stake in Kimberly Clark Corp (KMB) by 13.11% based on its latest 2017Q3 regulatory filing with the SEC. Kimberly-Clark has $15700 highest and $100.0 lowest target. Its sales stood at -2.70% a year on average in the period of last five years. Over the past week, Kimberly-Clark Corporation (NYSE:KMB) has performed 3.13%. 11,526 shares were sold by MIZELL STEVEN, worth $1.38M on Monday, October 9. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The business's revenue for the quarter was up.8% compared to the same quarter past year. In this quarter, the company benefited from FORCE cost savings of $95 million. The company also expects its full-year spending to be around $1.1 billion. Deutsche Bank maintained it with "Hold" rating and $120 target in Tuesday, October 25 report. Macquarie initiated coverage on Kimberly Clark in a research report on Friday, September 15th. $122.50's average target is 3.95% above currents $117.84 stock price.

While the need for the restructuring may be due to market forces of needing to create competitive lower prices and societal forces of a decreased birth rate in some countries and thus less demand for some of Kimberly-Clark's products, the job losses are uniquely tied to the recent GOP tax bill, which provided cuts for corporations. Zacks Investment Research upgraded shares of Kimberly Clark from a "hold" rating to a "buy" rating and set a $134.00 price target on the stock in a report on Wednesday, January 10th.

10/20/2017-JPMorgan Chase & Co. was Downgraded by analysts at JPMorgan Chase & Co. from a "Neutral " rating to a " Underweight" rating. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company.

Verizon Communications Inc. has a consensus hold rating from 30 Wall Street analysts, and the number of shares now sold short amount to at least 0.81% of shares outstanding.

Kimberly Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 23rd. Current trade price levels places KMB's stock about -13.49% away from the 52-week high and closed 7.45% away from the 52-week low. Moreover, Ironwood Investment Management Llc has 0.92% invested in the company for 67,898 shares. Shareholders of record on Friday, December 8th will be issued a $0.97 dividend. The first value is calculated by adding the dividend yield to the percentage of repurchased shares. Kimberly Clark's dividend payout ratio (DPR) is presently 64.03%.

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Appleton Coated, US Paper Converters and Appvion are among several other paper-related businesses that have recently announced cuts and closures in northeast Wisconsin, said Outagamie County Executive Tom Nelson.

How Quickly Kimberly-Clark Corporation (KMB)'s Sales Declined? The Strategy Asset Managers Llc holds 52,890 shares with $2.75M value, up from 38,144 last quarter. Mascoma Wealth Management LLC lifted its stake in shares of Kimberly Clark by 4.9% in the 2nd quarter. Wealthtrust Fairport Limited Liability Corp invested in 29,426 shares or 0.37% of the stock. Monetary Management Group stated it has 1,650 shares or 0.08% of all its holdings. Armbruster Capital Management Inc. raised its holdings in shares of Kimberly Clark by 15.9% during the 2nd quarter. On Friday, November 10 the stock rating was maintained by RBC Capital Markets with "Hold".

Kimberly-Clark's restructuring program comes amid increased competition and lower birth rates than it expected in the USA and South Korea, which impacts diaper sales. Vanguard Group Inc. now owns 24,766,774 shares of the company's stock valued at $3,197,638,000 after acquiring an additional 537,794 shares during the period. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and worldwide copyright and trademark legislation.

Kimberly-Clark Corporation, together with its subsidiaries, makes and markets personal care, consumer tissue, and professional products worldwide. The Personal Care segment offers disposable diapers, training and youth trousers, 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 brands. The Personal Care segment offers disposable diapers, training and youth trousers, 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 brands.

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