Kimberly-Clark Corporation (NASDAQ:KMB) is included among the 14 Value Stocks with Highest Dividends.
On April 14, Barclays analyst Lauren Lieberman lowered the company’s recommended price for Kimberly-Clark Corporation (NASDAQ:KMB) to $99 from $105. He reiterated an equal weight rating on the stock. The company adjusted its targets across the consumer staples group as part of its first-quarter preview. He said he is “increasingly cautious” about the group on earnings, pointing to higher input costs. In the food sector, the analyst also noted “growing concerns” about how sustainable the dividend is for certain companies, according to a research note.
A separate update addressed a fire at a distribution center in Ontario, California, operated by third-party logistics partner NFI Industries. Kimberly-Clark confirmed that no injuries were reported and that all employees at the facility were safely evacuated. The company said it has insurance policies against business interruption and property damage. No Kimberly-Clark manufacturing assets were affected and no company employees were on site at the time of the fire. It added that further updates will be provided, if necessary, and its next quarterly trading update is scheduled for April 28.
Kimberly-Clark Corporation (NASDAQ:KMB) is a global company focused on personal care products and solutions. It operates through two segments: North America and International Personal Care.
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