We recently published 11 Stocks on Jim Cramer’s Radar. Kimberly-Clark Corporation is one of the stocks on Jim Cramer’s radar.
Kimberly-Clark Corporation is one of the largest consumer goods companies in America. Its shares are down by 23% over the past year and by 1.4% year-to-date. Bank of America recently cut the firm’s share price target to $130 from $148 and kept a Buy rating. In its coverage, the bank discussed that Kimberly-Clark Corporation’s sector was experiencing value compression and the firm’s transformation plan was on track. Citi also reduced the share price target to $90 from $95 and kept a Sell rating. On the news front, Kimberly-Clark Corporation has experienced a couple of busy days. The firm and Kenvue’s shareholders approved the latter’s acquisition earlier this week, with 96% of Kimberly shareholders voting in approval. Kimberly-Clark Corporation also raised its quarterly dividend to $1.28 from $1.26 to mark the 54th consecutive increase. The dividend hike followed the firm’s fourth quarter earnings, which saw its adjusted earnings grow by 24% annually. Cramer tweeted about Kimberly-Clark Corporation’s dividend:
“UPS and KMB together part of a safe dividend portfolio”
Copyright: citalliance / 123RF Stock Photo
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This article is originally published at Insider Monkey.
