Kimberly-Clark (NYSE:KMB) PT Lowered to $151.00

Kimberly-Clark (NYSE:KMB) had its price target dropped by research analysts at UBS Group from $153.00 to $151.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 10.21% from the stock’s previous close.

Several other research firms have also recently weighed in on KMB. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, July 24th. Barclays raised their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. upped their price objective on shares of Kimberly-Clark from $137.00 to $142.00 and gave the company an “underweight” rating in a research report on Friday, October 11th. Finally, Piper Sandler lifted their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Stock Performance

Shares of KMB opened at $137.01 on Wednesday. The company has a market capitalization of $46.13 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. Kimberly-Clark has a one year low of $116.63 and a one year high of $149.30. The company’s fifty day moving average price is $143.18 and its 200 day moving average price is $138.66.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same period in the previous year, the company posted $1.74 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, analysts expect that Kimberly-Clark will post 7.25 earnings per share for the current year.

Insider Activity

In related news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares in the company, valued at $1,038,976.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.62% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kimberly-Clark

Hedge funds and other institutional investors have recently bought and sold shares of the business. Orrstown Financial Services Inc. bought a new stake in shares of Kimberly-Clark during the third quarter worth $290,000. Welch Group LLC grew its holdings in Kimberly-Clark by 0.7% during the 3rd quarter. Welch Group LLC now owns 351,207 shares of the company’s stock worth $49,970,000 after acquiring an additional 2,316 shares during the last quarter. Southern Capital Advisors LLC bought a new stake in Kimberly-Clark during the 3rd quarter worth about $242,000. Modera Wealth Management LLC increased its position in Kimberly-Clark by 2.4% in the 3rd quarter. Modera Wealth Management LLC now owns 6,429 shares of the company’s stock valued at $915,000 after acquiring an additional 153 shares in the last quarter. Finally, PFG Investments LLC raised its stake in shares of Kimberly-Clark by 18.8% in the third quarter. PFG Investments LLC now owns 8,569 shares of the company’s stock worth $1,219,000 after acquiring an additional 1,359 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

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.