Kimberly-Clark (NYSE:KMB) PT Raised to $115.00

Kimberly-Clark (NYSE:KMB) had its target price increased by investment analysts at Bank of America from $110.00 to $115.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “underperform” rating on the stock. Bank of America‘s target price suggests a potential downside of 15.71% from the stock’s previous close.

A number of other equities analysts have also weighed in on KMB. Piper Sandler boosted their target price on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $133.00 to $150.00 in a research report on Thursday, March 28th. Royal Bank of Canada reissued a “sector perform” rating and issued a $123.00 target price on shares of Kimberly-Clark in a research report on Thursday, March 28th. UBS Group boosted their target price on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, HSBC boosted their target price on Kimberly-Clark from $134.00 to $146.00 and gave the stock a “hold” rating in a research 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 assigned a buy rating to the company. According to MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $135.50.

Kimberly-Clark Price Performance

KMB opened at $136.43 on Wednesday. The stock has a 50-day moving average price of $125.53 and a 200-day moving average price of $122.75. 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 firm has a market cap of $45.96 billion, a PE ratio of 25.08, a P/E/G ratio of 4.05 and a beta of 0.40. Kimberly-Clark has a 1 year low of $116.32 and a 1 year high of $147.09.

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

Insider Buying and Selling at Kimberly-Clark

In related news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the transaction, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the transaction, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark T. Smucker acquired 827 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were 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 owns 827 shares in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC boosted its stake in Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares during the period. Accordant Advisory Group Inc bought a new position in Kimberly-Clark in the 1st quarter worth approximately $27,000. Cranbrook Wealth Management LLC raised its holdings in shares of Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Kimberly-Clark during the 3rd quarter worth approximately $25,000. Finally, Centerpoint Advisors LLC raised its holdings in shares of Kimberly-Clark by 175.0% during the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after acquiring an additional 175 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

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.