Kimberly-Clark
This consumer staples leader is another safe bet for nervous investors. Kimberly-Clark Corp. (NYSE: KMB) manufactures and markets personal care and consumer tissue products worldwide. It operates through the following three segments.
The Personal Care segment offers disposable diapers, swim pants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise and other brands.
The Consumer Tissue segment provides facial and bathroom tissues, paper towels, napkins and related products under the Kleenex, Scott, Cottonelle, Viva, Andrex, Scottex, Neve and other brands.
The K-C Professional segment offers wipers, tissues, towels, apparel, soaps and sanitizers under the Kleenex, Scott, WypAll, Kimtech and KleenGuard brands.
The company sells its household use products directly to supermarkets, mass merchandisers, drugstores, warehouse clubs, variety and department stores, and other retail outlets, as well as through other distributors and e-commerce. It sells away-from-home use products directly to manufacturing, lodging, office building, food service and public facilities, as well as through distributors and e-commerce.
Shareholders receive a 3.46% dividend. The target price at Jefferies is $146. The consensus target for Kimberly-Clark stock is $132.69. The final trade Friday was reported at $134.20.
The best suggestion for investors now is to stay in these safe, big-dividend companies that have a leading position in their respective sectors, until the Federal Reserve lowers the inflation rate and we see enough stock market damage to stop raising rates. There is a very good chance that could take a year or longer. With second-quarter earnings reporting starting up big this week, it may make sense to buy partial positions and see how the results come in for these leading large-cap leaders.
Originally posted at 24/7 Wall St.
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