Kimberly-Clark (NYSE:KMB) Price Target Raised to $138.00 at UBS Group

Kimberly-Clark (NYSE:KMB) had its target price raised by research analysts at UBS Group from $135.00 to $138.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 1.15% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research report on Wednesday. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $133.00 to $150.00 in a research note on Thursday, March 28th. Piper Sandler lifted their price target 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. Barclays lifted their price target on shares of Kimberly-Clark from $124.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Finally, StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average target price of $135.50.

Kimberly-Clark Trading Down 1.0 %

Shares of Kimberly-Clark stock opened at $136.43 on Wednesday. Kimberly-Clark has a 1 year low of $116.32 and a 1 year high of $147.09. The firm has a market cap of $45.96 billion, a PE ratio of 25.08, a PEG 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 company has a 50 day simple moving average of $125.53 and a two-hundred day simple moving average of $122.75.

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

Insider Buying and Selling

In other news, Director Mark T. Smucker bought 827 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average cost 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 $100,050.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the sale, the insider now owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark T. Smucker purchased 827 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the acquisition, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is owned by insiders.

Institutional Trading of Kimberly-Clark

Large investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC boosted its holdings in shares of Kimberly-Clark by 140.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 32,265 shares of the company’s stock valued at $3,899,000 after buying an additional 18,860 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of Kimberly-Clark by 2.5% during the 3rd quarter. Private Trust Co. NA now owns 6,467 shares of the company’s stock valued at $782,000 after buying an additional 160 shares in the last quarter. Ballast Inc. boosted its holdings in shares of Kimberly-Clark by 3.2% during the 3rd quarter. Ballast Inc. now owns 9,558 shares of the company’s stock valued at $1,155,000 after buying an additional 298 shares in the last quarter. SS&H Financial Advisors Inc. bought a new stake in shares of Kimberly-Clark during the 3rd quarter valued at $870,000. Finally, Keudell Morrison Wealth Management boosted its holdings in shares of Kimberly-Clark by 5.9% during the 3rd quarter. Keudell Morrison Wealth Management now owns 3,898 shares of the company’s stock valued at $471,000 after buying an additional 216 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

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.