Barclays Increases Kimberly-Clark (NYSE:KMB) Price Target to $129.00

Kimberly-Clark (NYSE:KMB – Get Rating) had its price target increased by investment analysts at Barclays from $121.00 to $129.00 in a research report issued to clients and investors on Tuesday, The Fly reports. Barclays‘s target price points to a potential downside of 10.09% from the stock’s previous close.

KMB has been the topic of a number of other reports. Exane BNP Paribas cut shares of Kimberly-Clark from an “outperform” rating to a “neutral” rating and set a $148.00 price target on the stock. in a research report on Tuesday, January 11th. Sanford C. Bernstein cut shares of Kimberly-Clark from a “market perform” rating to an “underperform” rating and set a $126.00 target price on the stock. in a report on Wednesday, February 2nd. StockNews.com started coverage on shares of Kimberly-Clark in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $128.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Zacks Investment Research upgraded shares of Kimberly-Clark from a “sell” rating to a “hold” rating and set a $129.00 target price on the stock in a report on Tuesday, March 29th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $132.12.

Shares of NYSE KMB opened at $143.48 on Tuesday. Kimberly-Clark has a one year low of $117.32 and a one year high of $145.79. The company has a debt-to-equity ratio of 11.05, a current ratio of 0.82 and a quick ratio of 0.49. The firm’s 50 day simple moving average is $126.22 and its two-hundred day simple moving average is $132.72. The stock has a market capitalization of $48.34 billion, a P/E ratio of 27.65, a PEG ratio of 4.48 and a beta of 0.50.

Kimberly-Clark (NYSE:KMB – Get Rating) last issued its quarterly earnings results on Friday, April 22nd. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.12. Kimberly-Clark had a net margin of 9.33% and a return on equity of 284.26%. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same period last year, the business earned $1.80 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities analysts expect that Kimberly-Clark will post 5.73 earnings per share for the current fiscal year.

In related news, Director Todd Maclin purchased 2,000 shares of the stock in a transaction dated Thursday, January 27th. The stock was purchased at an average price of $136.01 per share, with a total value of $272,020.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.55% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Kimberly-Clark by 2.7% in the 4th quarter. BlackRock Inc. now owns 25,904,715 shares of the company’s stock worth $3,702,302,000 after buying an additional 690,759 shares in the last quarter. State Street Corp grew its stake in shares of Kimberly-Clark by 1.6% during the 4th quarter. State Street Corp now owns 17,858,070 shares of the company’s stock valued at $2,572,147,000 after purchasing an additional 289,762 shares during the period. Capital Research Global Investors grew its stake in shares of Kimberly-Clark by 56.7% during the 4th quarter. Capital Research Global Investors now owns 11,172,139 shares of the company’s stock valued at $1,596,722,000 after purchasing an additional 4,043,708 shares during the period. Wellington Management Group LLP grew its stake in shares of Kimberly-Clark by 46.2% during the 3rd quarter. Wellington Management Group LLP now owns 7,482,870 shares of the company’s stock valued at $991,030,000 after purchasing an additional 2,363,092 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Kimberly-Clark by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 5,605,887 shares of the company’s stock valued at $799,062,000 after purchasing an additional 122,005 shares during the period. Institutional investors own 72.17% of the company’s stock.

Kimberly-Clark Company Profile (Get Rating)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, 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 brand names.

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