Kimberly-Clark (NYSE:KMB) PT Raised to $138.00 at UBS Group

Kimberly-Clark (NYSE:KMB) had its price objective raised by research analysts at UBS Group from $135.00 to $138.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 1.15% from the stock’s previous close.

Several other analysts have also recently weighed in on KMB. Wells Fargo & Company lifted their price target on Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a report on Thursday, March 28th. HSBC lifted their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the company a “hold” rating in a report on Thursday, March 28th. The Goldman Sachs Group lifted their price objective on Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Piper Sandler lifted their price objective on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $135.50.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $136.43 on Wednesday. The stock has a market cap of $45.96 billion, a P/E ratio of 25.08, a PEG ratio of 4.05 and a beta of 0.40. The stock has a 50 day simple moving average of $125.53 and a 200 day simple moving average of $122.75. 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 1-year low of $116.32 and a 1-year high of $147.09.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.40. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm posted $1.67 EPS. Research analysts anticipate that Kimberly-Clark will post 6.84 earnings per share for the current year.

Insider Activity

In other Kimberly-Clark news, Director Mark T. Smucker purchased 827 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were bought at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the purchase, the director now owns 827 shares in the company, valued at approximately $100,050.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Mark T. Smucker acquired 827 shares of Kimberly-Clark stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $120.98 per share, for a total transaction 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the sale, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Kimberly-Clark

A number of hedge funds and other institutional investors have recently bought and sold shares of KMB. Norges Bank bought a new stake in Kimberly-Clark during the 4th quarter worth $437,420,000. FMR LLC grew its position in shares of Kimberly-Clark by 74.9% in the 3rd quarter. FMR LLC now owns 2,442,610 shares of the company’s stock valued at $295,189,000 after buying an additional 1,046,155 shares during the last quarter. American Century Companies Inc. grew its position in shares of Kimberly-Clark by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after buying an additional 641,187 shares during the last quarter. Royal Bank of Canada grew its position in shares of Kimberly-Clark by 31.4% in the 3rd quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock valued at $265,530,000 after buying an additional 524,632 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in shares of Kimberly-Clark by 552.4% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 456,458 shares of the company’s stock valued at $55,163,000 after buying an additional 386,497 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

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.