Kimberly-Clark (NYSE:KMB) Given New $150.00 Price Target at HSBC

Kimberly-Clark (NYSE:KMB) had its price objective raised by HSBC from $146.00 to $150.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other brokerages have also commented on KMB. Bank of America lifted their price target on shares of Kimberly-Clark from $110.00 to $115.00 and gave the stock an underperform rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a hold rating in a research report on Thursday, March 28th. Evercore ISI upgraded shares of Kimberly-Clark from an in-line rating to an outperform rating and boosted their target price for the company from $133.00 to $150.00 in a research report on Thursday, March 28th. StockNews.com upgraded shares of Kimberly-Clark from a hold rating to a buy rating in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an underweight rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $135.21.

Kimberly-Clark Stock Up 1.3 %

Shares of Kimberly-Clark stock opened at $137.78 on Wednesday. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The stock 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 has a 52-week low of $116.32 and a 52-week high of $147.87. The company has a 50-day simple moving average of $125.17 and a two-hundred day simple moving average of $122.66.

Kimberly-Clark (NYSE:KMB) last announced its quarterly 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 firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same period in the previous year, the business posted $1.67 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts anticipate that Kimberly-Clark will post 6.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the transaction, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the transaction, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tristram Wilkinson sold 3,720 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the transaction, the insider now directly owns 17,229 shares in the company, valued at approximately $2,084,709. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Kimberly-Clark

A number of hedge funds have recently bought and sold shares of the business. Private Trust Co. NA raised its stake in Kimberly-Clark by 2.3% during the first quarter. Private Trust Co. NA now owns 6,428 shares of the company’s stock valued at $831,000 after purchasing an additional 143 shares in the last quarter. Keene & Associates Inc. raised its stake in Kimberly-Clark by 1.4% during the first quarter. Keene & Associates Inc. now owns 25,042 shares of the company’s stock valued at $3,239,000 after purchasing an additional 334 shares in the last quarter. Verity & Verity LLC purchased a new stake in Kimberly-Clark during the first quarter valued at $463,000. V Square Quantitative Management LLC raised its stake in Kimberly-Clark by 27.1% during the first quarter. V Square Quantitative Management LLC now owns 6,512 shares of the company’s stock valued at $842,000 after purchasing an additional 1,387 shares in the last quarter. Finally, Fulcrum Equity Management raised its stake in Kimberly-Clark by 9.1% during the first quarter. Fulcrum Equity Management now owns 3,877 shares of the company’s stock valued at $501,000 after purchasing an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

About Kimberly-Clark

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.