Kimberly-Clark (NYSE:KMB) Price Target Raised to $125.00 at Citigroup

Kimberly-Clark (NYSE:KMB) had its target price increased by investment analysts at Citigroup from $111.00 to $125.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “sell” rating on the stock. Citigroup’s target price would indicate a potential downside of 9.10% from the stock’s current price.

KMB has been the subject of a number of other research reports. UBS Group increased their price objective on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $133.00 to $150.00 in a research report on Thursday, March 28th. JPMorgan Chase & Co. raised their price target on Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a report on Wednesday. The Goldman Sachs Group lifted their price objective on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. Three research 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $135.21.

Kimberly-Clark Stock Up 1.1 %

Shares of NYSE KMB traded up $1.47 during trading on Wednesday, hitting $137.51. The stock had a trading volume of 1,832,493 shares, compared to its average volume of 2,200,222. The firm has a fifty day moving average of $124.78 and a two-hundred day moving average of $122.55. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54. The company has a market capitalization of $46.33 billion, a PE ratio of 26.46, a PEG ratio of 3.83 and a beta of 0.40. Kimberly-Clark has a 12 month low of $116.32 and a 12 month high of $147.87.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. The company’s revenue was down .9% compared to the same quarter last year. As a group, equities research analysts forecast that Kimberly-Clark will post 6.84 EPS for the current fiscal year.

Insider Activity

In other news, Director Mark T. Smucker bought 827 shares of the business’s stock in a transaction on Monday, January 29th. The shares were bought at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the acquisition, the director now owns 827 shares in the company, valued at approximately $100,050.46. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Kimberly-Clark news, Director Mark T. Smucker bought 827 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were purchased 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 in the company, valued at approximately $100,050.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 17,229 shares of the company’s stock, valued at approximately $2,084,709. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kimberly-Clark

Large investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Kimberly-Clark in the 4th quarter worth approximately $437,420,000. FMR LLC lifted its stake in Kimberly-Clark by 74.9% during the 3rd quarter. FMR LLC now owns 2,442,610 shares of the company’s stock valued at $295,189,000 after acquiring an additional 1,046,155 shares during the period. American Century Companies Inc. lifted its stake 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 worth $603,815,000 after purchasing an additional 641,187 shares during the period. Royal Bank of Canada lifted its stake 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 worth $265,530,000 after purchasing an additional 524,632 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in Kimberly-Clark by 552.4% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 456,458 shares of the company’s stock worth $55,163,000 after acquiring an additional 386,497 shares in the last quarter. Hedge funds and other 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.