Company Update (NYSE:KMB): Kimberly-Clark Wins Two Effies at 48th Annual Effie Awards Gala

[PR Newswire] – DALLAS, June 3, 2016 /PRNewswire/ — Kimberly-Clark Corporation was awarded two Effie Awards at the 48th annual North American Effie Awards last night in New York, including a Silver Effie for the Kleenex brand in the Home Supplies and Services category, and a Bronze Effie for Huggies in the Personal Care category. In addition, the company’s Cottonelle and Depend brands were recognized at the event for Bronze Effies received earlier this year in the Shopper Marketing competition. “We are particularly proud of the Effie Awards as they are given to recognize the commercial effectiveness of a program. Read more on this. Kimberly-Clark Corporation (KMB) , with a current value of $46.62B, started trading this morning at $128.11. A quick look at the market, the company’s stock traded between $128.01 and $129.62 with its 52-week range being $103.04 to $138.76. KMB shares are currently priced at 20.98x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.62x earnings multiple. And for income investors, the company pays shareholders $3.68 per share annually in dividends, yielding 2.90%. According to a consensus of 12 analysts, the earnings estimate of $1.48 per share would be $0.07 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $6.10, which would be a $0.34 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.57 Billion. If realized, that would be a 1.51% decrease over the year-ago quarter. Recently, Deutsche Bank downgraded KMB from Buy to Hold (Apr 25, 2016). Previously, Societe Generale upgraded KMB from Hold to Buy. The average price target for KMB shares by the analysts covering it is $137.67, which is 7.46% above where the stock opened. See more in (NYSE:KMB) Similar Articles: Market Update: Kimberly-Clark Corporation (NYSE:KMB) – Kimberly-Clark Names Chief Information Officer Company Update: Kimberly-Clark Corporation (NYSE:KMB) – Kimberly-Clark Awards $1.18 Million in College Scholarships to High School Students in North America Market Update: Kimberly-Clark Corporation (NYSE:KMB) – Kimberly-Clark Announces Year-End 2015 Results And 2016 Outlook