Kimberly-Clark (NYSE:KMB) Price Target Raised to $115.00

Kimberly-Clark (NYSE:KMB) had its price target increased by Bank of America from $110.00 to $115.00 in a report published on Wednesday, Benzinga reports. The firm currently has an underperform rating on the stock.

KMB has been the topic of a number of other reports. UBS Group raised their target price on shares of Kimberly-Clark from $135.00 to $138.00 and gave the stock a neutral rating in a research report on Wednesday. Barclays raised their target price on shares of Kimberly-Clark from $124.00 to $132.00 and gave the stock an equal weight rating in a research report on Friday, April 12th. Royal Bank of Canada restated a sector perform rating and set a $123.00 target price on shares of Kimberly-Clark in a research report on Thursday, March 28th. Piper Sandler raised their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an overweight rating in a research report on Thursday, March 28th. Finally, Wells Fargo & Company increased their price target on Kimberly-Clark from $131.00 to $136.00 and gave the stock an equal weight rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average target price of $135.21.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $137.78 on Wednesday. The firm has a market capitalization of $46.42 billion, a P/E ratio of 25.33, a P/E/G 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 quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The firm’s 50 day moving average is $125.17 and its two-hundred day moving average is $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, beating the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 earnings per share. Research analysts forecast that Kimberly-Clark will post 6.84 EPS for the current fiscal year.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark 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 completion of the transaction, the insider now owns 795 shares of the company’s stock, valued at approximately $109,050.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were 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 owns 17,229 shares of the company’s stock, valued at approximately $2,084,709. The transaction was disclosed in a filing 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 dated Wednesday, April 24th. The shares were 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 of the company’s stock, valued at approximately $109,050.15. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $437,420,000. FMR LLC increased its position in Kimberly-Clark by 74.9% during the 3rd quarter. FMR LLC now owns 2,442,610 shares of the company’s stock worth $295,189,000 after purchasing an additional 1,046,155 shares in the last quarter. American Century Companies Inc. increased its position in Kimberly-Clark by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after purchasing an additional 641,187 shares in the last quarter. Royal Bank of Canada increased its position in Kimberly-Clark by 31.4% during the 3rd quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock worth $265,530,000 after purchasing an additional 524,632 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in Kimberly-Clark by 552.4% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 456,458 shares of the company’s stock worth $55,163,000 after purchasing an additional 386,497 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

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.