JPMorgan Chase & Co. Boosts Kimberly-Clark (NASDAQ:KMB) Price Target to $129.00

Kimberly-Clark (NASDAQ:KMB) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $127.00 to $129.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 7.76% from the company’s current price.

Several other equities analysts have also issued reports on the stock. Royal Bank Of Canada reissued an “overweight” rating and set a $162.00 price objective on shares of Kimberly-Clark in a report on Tuesday. Citigroup cut their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a report on Thursday, October 9th. UBS Group upped their price objective on Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday. Piper Sandler cut their target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Finally, Evercore ISI decreased their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, September 22nd. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $135.78.

Kimberly-Clark Price Performance

KMB opened at $119.71 on Friday. The company has a market capitalization of $39.72 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 3.67 and a beta of 0.30. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.61. Kimberly-Clark has a 12-month low of $116.26 and a 12-month high of $150.45. The business’s fifty day simple moving average is $123.92 and its 200-day simple moving average is $129.98.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.83 earnings per share. On average, equities research analysts anticipate that Kimberly-Clark will post 7.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in KMB. Empirical Finance LLC grew its holdings in shares of Kimberly-Clark by 0.6% during the second quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock valued at $1,531,000 after buying an additional 76 shares during the last quarter. Nwam LLC increased its holdings in shares of Kimberly-Clark by 1.2% in the first quarter. Nwam LLC now owns 6,386 shares of the company’s stock valued at $908,000 after purchasing an additional 77 shares during the period. Mesirow Financial Investment Management Inc. raised its stake in shares of Kimberly-Clark by 3.7% in the second quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock worth $284,000 after purchasing an additional 78 shares during the last quarter. Monarch Capital Management Inc. lifted its holdings in shares of Kimberly-Clark by 1.9% during the second quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock worth $568,000 after purchasing an additional 81 shares during the period. Finally, TFB Advisors LLC boosted its position in Kimberly-Clark by 4.2% in the second quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock valued at $261,000 after buying an additional 82 shares during the last quarter. 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.