Royal Bank of Canada Increases Kimberly-Clark (NYSE:KMB) Price Target to $126.00

Kimberly-Clark (NYSE:KMB) had its price target lifted by Royal Bank of Canada from $123.00 to $126.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a sector perform rating on the stock.

Several other equities research analysts have also recently issued reports on KMB. Barclays lifted their price objective on Kimberly-Clark from $124.00 to $132.00 and gave the stock an equal weight rating in a report on Friday, April 12th. StockNews.com raised Kimberly-Clark from a hold rating to a buy rating in a research note on Thursday, April 11th. The Goldman Sachs Group increased their price objective on Kimberly-Clark from $135.00 to $152.00 and gave the company a buy rating in a research note on Wednesday. Piper Sandler lifted their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an overweight rating in a research note on Thursday, March 28th. Finally, HSBC upped their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a hold rating in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of Hold and a consensus target price of $135.21.

Kimberly-Clark Stock Up 1.3 %

Kimberly-Clark stock opened at $137.78 on Wednesday. Kimberly-Clark has a 12 month low of $116.32 and a 12 month high of $147.87. The stock has a market capitalization of $46.42 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 4.05 and a beta of 0.40. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. The business has a 50 day simple moving average of $125.17 and a 200-day simple moving average of $122.66.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts anticipate that Kimberly-Clark will post 6.84 EPS for the current fiscal year.

Insider Activity at Kimberly-Clark

In related news, Director Mark T. Smucker bought 827 shares of the stock in a transaction on Monday, January 29th. The stock was bought at an average price of $120.98 per share, with a total value of $100,050.46. Following the completion of the purchase, the director now directly owns 827 shares in the company, valued at approximately $100,050.46. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $121.00, for a total transaction of $450,120.00. Following 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 through this hyperlink. Also, Director Mark T. Smucker bought 827 shares of the company’s stock in a transaction on Monday, January 29th. The stock was purchased at an average cost of $120.98 per share, with a total value of $100,050.46. Following the completion of the transaction, the director now owns 827 shares in the company, valued at $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its position in Kimberly-Clark by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock valued at $869,090,000 after buying an additional 177,712 shares during the period. American Century Companies Inc. grew its stake 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. Morgan Stanley increased its holdings in Kimberly-Clark by 4.6% during the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after purchasing an additional 212,739 shares during the period. Northern Trust Corp boosted its stake in shares of Kimberly-Clark by 4.0% in the 3rd quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock valued at $489,650,000 after buying an additional 155,066 shares during the period. Finally, Norges Bank purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at about $437,420,000. Hedge funds and other institutional investors 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.