Barclays Increases Kimberly-Clark (NYSE:KMB) Price Target to $132.00

Kimberly-Clark (NYSE:KMB) had its price objective upped by equities research analysts at Barclays from $124.00 to $132.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 6.55% from the stock’s previous close.

A number of other research firms also recently issued reports on KMB. Bank of America downgraded shares of Kimberly-Clark from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $135.00 to $115.00 in a report on Friday, December 15th. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $133.00 to $150.00 in a research report on Thursday, March 28th. Piper Sandler lifted their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Wells Fargo & Company lifted their price target on shares of Kimberly-Clark from $125.00 to $131.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $132.43.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $123.89 on Friday. Kimberly-Clark has a 1 year low of $116.32 and a 1 year high of $147.87. The firm has a 50 day moving average price of $123.75 and a 200 day moving average price of $122.17. The company has a market cap of $41.74 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 3.79 and a beta of 0.40. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the firm posted $1.54 earnings per share. Kimberly-Clark’s revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts predict that Kimberly-Clark will post 6.83 earnings per share for the current year.

Insider Activity at Kimberly-Clark

In related news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the sale, the insider now directly owns 17,229 shares of the company’s stock, valued at $2,084,709. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Mark T. Smucker purchased 827 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased 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 of the company’s stock, valued at approximately $100,050.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the sale, the insider now directly owns 17,229 shares in the company, valued at $2,084,709. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Institutional Trading of Kimberly-Clark

Several institutional investors have recently added to or reduced their stakes in the business. Columbus Macro LLC bought a new stake in Kimberly-Clark during the first quarter valued at $2,043,000. Riverview Trust Co bought a new stake in Kimberly-Clark during the first quarter valued at $69,000. Strong Tower Advisory Services increased its stake in Kimberly-Clark by 18.2% during the first quarter. Strong Tower Advisory Services now owns 7,209 shares of the company’s stock valued at $928,000 after purchasing an additional 1,109 shares during the last quarter. Southland Equity Partners LLC increased its stake in Kimberly-Clark by 13.3% during the first quarter. Southland Equity Partners LLC now owns 2,465 shares of the company’s stock valued at $319,000 after purchasing an additional 290 shares during the last quarter. Finally, Range Financial Group LLC increased its stake in Kimberly-Clark by 5.6% during the first quarter. Range Financial Group LLC now owns 16,170 shares of the company’s stock valued at $2,092,000 after purchasing an additional 851 shares during the last quarter. 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.