Kimberly-Clark (NYSE:KMB) Given New $132.00 Price Target at Deutsche Bank Aktiengesellschaft

Kimberly-Clark (NYSE:KMBFree Report) had its price target raised by Deutsche Bank Aktiengesellschaft from $127.00 to $132.00 in a report published on Thursday, Benzinga reports. They currently have a hold rating on the stock.

Several other equities analysts have also issued reports on the stock. Bank of America lowered shares of Kimberly-Clark from a neutral rating to an underperform rating and dropped their target price for the company from $135.00 to $115.00 in a report on Friday, December 15th. Evercore ISI upgraded shares of Kimberly-Clark from an in-line rating to an outperform rating and upped their price objective for the company from $133.00 to $150.00 in a report on Thursday. StockNews.com lowered shares of Kimberly-Clark from a buy rating to a hold rating in a report on Tuesday. Barclays dropped their price objective on shares of Kimberly-Clark from $128.00 to $124.00 and set an equal weight rating on the stock in a report on Friday, January 26th. Finally, Wells Fargo & Company boosted their target price on shares of Kimberly-Clark from $125.00 to $131.00 and gave the stock an equal weight rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $132.27.

Read Our Latest Stock Report on KMB

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $129.33 on Thursday. The firm has a market cap of $43.57 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 3.96 and a beta of 0.40. The firm’s fifty day moving average is $122.49 and its 200-day moving average is $121.99. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82. Kimberly-Clark has a 52 week low of $116.32 and a 52 week high of $147.87.

Kimberly-Clark (NYSE:KMBGet Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The business had revenue of $5 billion for the quarter, compared to analyst estimates of $4.99 billion. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. Kimberly-Clark’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 EPS. Sell-side analysts predict that Kimberly-Clark will post 6.83 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be paid a dividend of $1.22 per share. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.18. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, March 7th. Kimberly-Clark’s dividend payout ratio is presently 93.85%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, Director Mark T. Smucker purchased 827 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the purchase, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Mark T. Smucker bought 827 shares of the stock in a transaction on Monday, January 29th. The shares were acquired at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the purchase, the director now directly owns 827 shares of the company’s stock, valued at approximately $100,050.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction that occurred 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 sale, the insider now owns 17,229 shares in the company, valued at $2,084,709. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Institutional Trading of Kimberly-Clark

Several institutional investors and hedge funds have recently bought and sold shares of KMB. West Tower Group LLC purchased a new stake in Kimberly-Clark in the 2nd quarter worth approximately $25,000. OFI Invest Asset Management bought a new position in shares of Kimberly-Clark in the 3rd quarter worth $25,000. DHJJ Financial Advisors Ltd. bought a new position in shares of Kimberly-Clark in the 3rd quarter worth $26,000. Cranbrook Wealth Management LLC increased its holdings in shares of Kimberly-Clark by 90.9% in the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Finally, Centerpoint Advisors LLC increased its holdings in shares of Kimberly-Clark by 175.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after buying an additional 175 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Kimberly-Clark (NYSE:KMB)

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