Kimberly-Clark (NYSE:KMB) Price Target Raised to $152.00

Kimberly-Clark (NYSE:KMB) had its price target upped by The Goldman Sachs Group from $135.00 to $152.00 in a research note released on Wednesday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. Piper Sandler raised their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an overweight rating in a research note on Thursday, March 28th. HSBC raised their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a hold rating in a research note on Thursday, March 28th. Barclays raised their target price on shares of Kimberly-Clark from $124.00 to $132.00 and gave the company an equal weight rating in a research note on Friday, April 12th. Royal Bank of Canada reaffirmed a sector perform rating and set a $123.00 price target on shares of Kimberly-Clark in a report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a hold rating in a 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 given a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of Hold and an average price target of $134.85.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $135.24 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The company has a market cap of $45.54 billion, a P/E ratio of 24.86, a P/E/G ratio of 3.90 and a beta of 0.40. Kimberly-Clark has a fifty-two week low of $116.32 and a fifty-two week high of $147.09. The firm’s 50 day moving average is $125.86 and its two-hundred day moving average is $122.87.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter last year, the firm posted $1.67 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Analysts expect that Kimberly-Clark will post 6.98 EPS for the current year.

Insiders Place Their Bets

In related news, Director Mark T. Smucker acquired 827 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was bought at an average cost of $120.98 per share, with a total value of $100,050.46. Following the acquisition, the director now directly owns 827 shares in the company, valued at $100,050.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction dated 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark T. Smucker purchased 827 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was acquired at an average cost of $120.98 per share, with a total value of $100,050.46. Following the completion of the acquisition, the director now directly 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 owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its holdings in shares of Kimberly-Clark by 204.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock valued at $2,500,000 after buying an additional 13,806 shares during the period. PFG Investments LLC boosted its stake in Kimberly-Clark by 11.2% during the 3rd quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock valued at $252,000 after purchasing an additional 209 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in Kimberly-Clark during the 4th quarter valued at about $4,253,000. Rockline Wealth Management LLC acquired a new position in Kimberly-Clark during the 4th quarter valued at about $1,661,000. Finally, Nordea Investment Management AB boosted its stake in Kimberly-Clark by 28.3% during the 4th quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock valued at $202,740,000 after purchasing an additional 368,505 shares during the period. 76.29% of the stock is 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.