Citigroup Lowers Kimberly-Clark (NYSE:KMB) Price Target to $113.00

Kimberly-Clark (NYSE:KMB) had its target price dropped by investment analysts at Citigroup from $118.00 to $113.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “sell” rating on the stock. Citigroup’s price objective would indicate a potential downside of 5.49% from the stock’s previous close.

Several other research analysts have also commented on the stock. Evercore ISI dropped their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, September 22nd. Barclays dropped their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Piper Sandler dropped their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Finally, Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $137.00.

Kimberly-Clark Trading Up 0.0%

KMB stock opened at $119.57 on Thursday. The firm has a fifty day moving average price of $128.18 and a 200 day moving average price of $132.10. Kimberly-Clark has a fifty-two week low of $119.36 and a fifty-two week high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The firm has a market cap of $39.67 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period last year, the firm posted $1.96 earnings per share. Kimberly-Clark’s revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Kimberly-Clark will post 7.5 earnings per share for the current fiscal year.

Institutional Trading of Kimberly-Clark

Several institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio bought a new stake in shares of Kimberly-Clark in the first quarter valued at about $12,854,000. Elevate Capital Advisors LLC raised its holdings in shares of Kimberly-Clark by 46.4% in the first quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company’s stock valued at $1,770,000 after acquiring an additional 3,944 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Kimberly-Clark by 86.8% in the first quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock valued at $72,473,000 after acquiring an additional 236,733 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Kimberly-Clark by 270.2% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock valued at $140,043,000 after acquiring an additional 718,720 shares in the last quarter. Finally, United Community Bank raised its holdings in shares of Kimberly-Clark by 340.0% in the first quarter. United Community Bank now owns 18,518 shares of the company’s stock valued at $2,634,000 after acquiring an additional 14,309 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

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.