Barclays Lowers Kimberly-Clark (NYSE:KMB) Price Target to $134.00

Kimberly-Clark (NYSE:KMB) had its price objective reduced by stock analysts at Barclays from $135.00 to $134.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 4.99% from the company’s current price.

Several other equities research analysts also recently issued reports on the stock. UBS Group raised their price objective on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a research note on Thursday, April 17th. Wells Fargo & Company raised their price objective on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, March 28th. Royal Bank Of Canada lowered their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Piper Sandler lowered their price objective on shares of Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Finally, Evercore ISI decreased their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $143.40.

Kimberly-Clark Trading Up 0.7%

Shares of KMB stock opened at $127.63 on Tuesday. Kimberly-Clark has a 12 month low of $124.10 and a 12 month high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The business’s 50 day moving average is $134.03 and its two-hundred day moving average is $134.61. The company has a market cap of $42.35 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.89 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter last year, the company posted $2.01 earnings per share. Equities analysts predict that Kimberly-Clark will post 7.5 EPS for the current year.

Insider Activity

In related news, insider Katy Chen sold 1,794 shares of Kimberly-Clark stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total value of $234,547.56. Following the completion of the transaction, the insider directly owned 3,098 shares of the company’s stock, valued at $405,032.52. The trade was a 36.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.64% of the stock is owned by corporate insiders.

Institutional Trading of Kimberly-Clark

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KMB. Vanguard Group Inc. increased its position in Kimberly-Clark by 15.1% in the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock worth $4,605,079,000 after purchasing an additional 4,603,787 shares during the period. Norges Bank acquired a new position in shares of Kimberly-Clark during the 4th quarter worth about $582,592,000. GAMMA Investing LLC grew its position in shares of Kimberly-Clark by 10,975.8% during the 1st quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company’s stock worth $270,510,000 after buying an additional 1,884,877 shares during the period. Pacer Advisors Inc. grew its position in shares of Kimberly-Clark by 2,982.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company’s stock worth $196,878,000 after buying an additional 1,339,413 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Kimberly-Clark by 163.1% during the 4th quarter. First Trust Advisors LP now owns 2,142,749 shares of the company’s stock worth $280,786,000 after buying an additional 1,328,341 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

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.