Kimberly-Clark (NYSE:KMB) Price Target Cut to $124.00 by Analysts at Barclays

Kimberly-Clark (NYSE:KMBGet Rating) had its price target dropped by analysts at Barclays from $129.00 to $124.00 in a research report issued on Monday, The Fly reports. Barclays‘s target price suggests a potential downside of 3.38% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on KMB. UBS Group upped their target price on shares of Kimberly-Clark from $128.00 to $140.00 in a report on Monday, April 25th. Sanford C. Bernstein cut shares of Kimberly-Clark from a “market perform” rating to an “underperform” rating and set a $126.00 price target on the stock. in a report on Wednesday, February 2nd. Zacks Investment Research raised shares of Kimberly-Clark from a “sell” rating to a “hold” rating and set a $129.00 price target on the stock in a report on Tuesday, March 29th. StockNews.com initiated coverage on shares of Kimberly-Clark in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $130.00 to $138.00 in a report on Monday, April 25th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $132.38.

Shares of KMB stock opened at $128.34 on Monday. The company has a debt-to-equity ratio of 9.49, a quick ratio of 0.50 and a current ratio of 0.81. The firm’s 50-day moving average is $129.80 and its 200-day moving average is $133.52. The stock has a market cap of $43.24 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 4.43 and a beta of 0.37. Kimberly-Clark has a 52-week low of $117.32 and a 52-week high of $145.79.

Kimberly-Clark (NYSE:KMBGet Rating) last issued its earnings results on Friday, April 22nd. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.12. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.92 billion. Kimberly-Clark had a net margin of 8.86% and a return on equity of 253.93%. Kimberly-Clark’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.80 EPS. Sell-side analysts predict that Kimberly-Clark will post 5.82 EPS for the current fiscal year.

In other news, insider Tristram Wilkinson sold 2,069 shares of Kimberly-Clark stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $137.17, for a total transaction of $283,804.73. Following the transaction, the insider now owns 14,102 shares in the company, valued at $1,934,371.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Melucci sold 15,302 shares of Kimberly-Clark stock in a transaction on Monday, April 25th. The stock was sold at an average price of $142.63, for a total transaction of $2,182,524.26. Following the transaction, the insider now owns 27,626 shares in the company, valued at approximately $3,940,296.38. The disclosure for this sale can be found here. Insiders sold 62,696 shares of company stock worth $8,807,911 in the last 90 days. Company insiders own 0.55% of the company’s stock.

Large investors have recently modified their holdings of the company. Marshall Wace LLP bought a new position in Kimberly-Clark during the fourth quarter worth $25,000. Bivin & Associates Inc. bought a new position in Kimberly-Clark during the fourth quarter worth $26,000. HWG Holdings LP bought a new position in Kimberly-Clark during the fourth quarter worth $29,000. Lumature Wealth Partners LLC increased its stake in Kimberly-Clark by 66.4% in the fourth quarter. Lumature Wealth Partners LLC now owns 208 shares of the company’s stock valued at $30,000 after purchasing an additional 83 shares in the last quarter. Finally, Roble Belko & Company Inc grew its holdings in shares of Kimberly-Clark by 69.5% during the first quarter. Roble Belko & Company Inc now owns 256 shares of the company’s stock valued at $32,000 after buying an additional 105 shares during the last quarter. Institutional investors own 74.32% 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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