Kimberly-Clark (NYSE:KMB) Given New $136.00 Price Target at Wells Fargo & Company

Kimberly-Clark (NYSE:KMB) had its target price upped by Wells Fargo & Company from $131.00 to $136.00 in a research note released on Wednesday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a hold rating in a report on Thursday, March 28th. StockNews.com upgraded shares of Kimberly-Clark from a hold rating to a buy rating in a report on Thursday, April 11th. Barclays upped their target price on shares of Kimberly-Clark from $124.00 to $132.00 and gave the company an equal weight rating in a report on Friday, April 12th. The Goldman Sachs Group assumed coverage on shares of Kimberly-Clark in a research report on Friday, March 1st. They issued a buy rating and a $135.00 price target for the company. Finally, Piper Sandler upped their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an overweight rating in a research report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of Hold and an average price target of $135.21.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $137.78 on Wednesday. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. The firm’s 50-day moving average is $125.17 and its two-hundred day moving average is $122.66. Kimberly-Clark has a 12 month low of $116.32 and a 12 month high of $147.87. The company has a market capitalization of $46.42 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 4.05 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. Kimberly-Clark’s quarterly revenue was down .9% compared to the same quarter last year. Analysts predict that Kimberly-Clark will post 6.84 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mark T. Smucker acquired 827 shares of the business’s stock in a transaction on Monday, January 29th. The stock was bought at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the transaction, the director now owns 827 shares in the company, valued at $100,050.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Mark T. Smucker purchased 827 shares of the stock in a transaction dated Monday, January 29th. The shares were acquired at an average cost of $120.98 per share, with a total value of $100,050.46. Following the purchase, the director now directly owns 827 shares in the company, valued at approximately $100,050.46. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares in the company, valued at $109,050.15. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

Hedge Funds Weigh In On Kimberly-Clark

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC grew its stake in shares of Kimberly-Clark by 204.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock worth $2,500,000 after purchasing an additional 13,806 shares during the period. PFG Investments LLC grew its stake in Kimberly-Clark by 11.2% in the 3rd quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock valued at $252,000 after acquiring an additional 209 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Kimberly-Clark in the 4th quarter valued at about $4,253,000. Rockline Wealth Management LLC acquired a new stake in Kimberly-Clark in the 4th quarter valued at about $1,661,000. Finally, Nordea Investment Management AB grew its stake in Kimberly-Clark by 28.3% in the 4th quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock valued at $202,740,000 after acquiring an additional 368,505 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.