Piper Sandler Lowers Kimberly-Clark (NASDAQ:KMB) Price Target to $114.00

Kimberly-Clark (NASDAQ:KMB) had its price target dropped by Piper Sandler from $133.00 to $114.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price target indicates a potential upside of 15.34% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Argus upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Thursday, November 13th. BNP Paribas Exane reiterated a “neutral” rating and issued a $110.00 price objective on shares of Kimberly-Clark in a research report on Monday, December 1st. Zacks Research lowered shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company set a $110.00 price target on shares of Kimberly-Clark in a research note on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $116.42.

Kimberly-Clark Stock Performance

KMB stock opened at $98.84 on Friday. The stock’s 50 day simple moving average is $103.32 and its 200 day simple moving average is $110.11. Kimberly-Clark has a 12-month low of $96.26 and a 12-month high of $147.12. The firm has a market cap of $32.81 billion, a P/E ratio of 16.28, a P/E/G ratio of 3.51 and a beta of 0.24. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. As a group, equities research analysts predict that Kimberly-Clark will post 7.5 EPS for the current year.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.

Institutional Trading of Kimberly-Clark

A number of institutional investors have recently made changes to their positions in the stock. Empirical Finance LLC lifted its position in Kimberly-Clark by 0.6% in the second quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock worth $1,531,000 after purchasing an additional 76 shares during the period. Monarch Capital Management Inc. increased its position in shares of Kimberly-Clark by 1.9% during the 2nd quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock valued at $568,000 after purchasing an additional 81 shares during the period. Deseret Mutual Benefit Administrators raised its stake in shares of Kimberly-Clark by 3.5% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock worth $321,000 after buying an additional 87 shares in the last quarter. Good Life Advisors LLC lifted its holdings in shares of Kimberly-Clark by 5.6% in the second quarter. Good Life Advisors LLC now owns 1,676 shares of the company’s stock valued at $216,000 after buying an additional 89 shares during the period. Finally, Evelyn Partners Investment Management Services Ltd lifted its holdings in shares of Kimberly-Clark by 9.4% in the second quarter. Evelyn Partners Investment Management Services Ltd now owns 1,075 shares of the company’s stock valued at $139,000 after buying an additional 92 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.