Kimberly-Clark (NYSE:KMB) Price Target Increased to $136.00 by Analysts at Barclays

Kimberly-Clark (NYSE:KMB) had its target price hoisted by Barclays from $132.00 to $136.00 in a report published on Thursday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research analysts have also recently issued reports on KMB. HSBC increased their target price on shares of Kimberly-Clark from $146.00 to $150.00 and gave the stock a hold rating in a report on Wednesday. Evercore ISI upgraded shares of Kimberly-Clark from an in-line rating to an outperform rating and increased their target price for the stock from $133.00 to $150.00 in a report on Thursday, March 28th. The Goldman Sachs Group increased their target price on shares of Kimberly-Clark from $135.00 to $152.00 and gave the stock a buy rating in a report on Wednesday. Piper Sandler increased their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an overweight rating in a report on Thursday, March 28th. Finally, Royal Bank of Canada increased their price target on shares of Kimberly-Clark from $123.00 to $126.00 and gave the company a sector perform rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $134.85.

Kimberly-Clark Trading Down 0.9 %

NYSE KMB opened at $135.24 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. Kimberly-Clark has a 12 month low of $116.32 and a 12 month high of $147.09. The company’s 50-day moving average price is $125.86 and its 200-day moving average price is $122.89. The stock has a market cap of $45.54 billion, a PE ratio of 24.86, a PEG ratio of 3.86 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its 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. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the prior year, the business earned $1.67 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts forecast that Kimberly-Clark will post 7 earnings per share for the current year.

Insider Activity at Kimberly-Clark

In related news, Director Mark T. Smucker acquired 827 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $120.98 per share, with a total value of $100,050.46. Following the transaction, the director now directly owns 827 shares of the company’s stock, valued at approximately $100,050.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Paula Ramos sold 10,178 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 795 shares of the company’s stock, valued at approximately $109,050.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 acquired 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 in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kimberly-Clark

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Conning Inc. increased its holdings in Kimberly-Clark by 13.6% in the 1st quarter. Conning Inc. now owns 302,414 shares of the company’s stock worth $39,040,000 after buying an additional 36,174 shares during the period. Yousif Capital Management LLC increased its holdings in Kimberly-Clark by 5.5% in the 1st quarter. Yousif Capital Management LLC now owns 111,386 shares of the company’s stock worth $14,408,000 after buying an additional 5,835 shares during the period. SlateStone Wealth LLC grew its stake in shares of Kimberly-Clark by 146.2% during the 1st quarter. SlateStone Wealth LLC now owns 38,928 shares of the company’s stock worth $5,035,000 after purchasing an additional 23,118 shares during the period. First Personal Financial Services grew its stake in shares of Kimberly-Clark by 0.3% during the 1st quarter. First Personal Financial Services now owns 40,703 shares of the company’s stock worth $5,265,000 after purchasing an additional 128 shares during the period. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in shares of Kimberly-Clark during the 1st quarter worth approximately $330,000. Institutional investors and hedge funds 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.