Kimberly-Clark (NYSE:KMB) PT Raised to $136.00

Kimberly-Clark (NYSE:KMB) had its price objective boosted by equities research analysts at Wells Fargo & Company from $131.00 to $136.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential downside of 0.99% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $123.00 price objective on shares of Kimberly-Clark in a research note on Thursday, March 28th. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. The Goldman Sachs Group initiated coverage on shares of Kimberly-Clark in a research report on Friday, March 1st. They issued a “buy” rating and a $135.00 target price on the stock. Evercore ISI upgraded shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and raised their target price for the company from $133.00 to $150.00 in a research report on Thursday, March 28th. Finally, 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 report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $133.38.

Kimberly-Clark Stock Performance

Shares of KMB traded up $1.32 during mid-day trading on Wednesday, hitting $137.36. 1,054,083 shares of the company’s stock were exchanged, compared to its average volume of 2,190,500. Kimberly-Clark has a 52 week low of $116.32 and a 52 week high of $147.87. The stock’s 50-day simple moving average is $124.78 and its 200-day simple moving average is $122.55. The firm has a market cap of $46.28 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 3.83 and a beta of 0.40. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 6.94.

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

Insider Transactions at Kimberly-Clark

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

Institutional Investors Weigh In On Kimberly-Clark

Several hedge funds and other institutional investors have recently bought and sold shares of KMB. Exchange Traded Concepts LLC increased its stake in Kimberly-Clark by 140.7% in the third quarter. Exchange Traded Concepts LLC now owns 32,265 shares of the company’s stock valued at $3,899,000 after purchasing an additional 18,860 shares in the last quarter. Private Trust Co. NA increased its position in shares of Kimberly-Clark by 2.5% during the third quarter. Private Trust Co. NA now owns 6,467 shares of the company’s stock worth $782,000 after acquiring an additional 160 shares in the last quarter. Ballast Inc. increased its position in shares of Kimberly-Clark by 3.2% during the third quarter. Ballast Inc. now owns 9,558 shares of the company’s stock worth $1,155,000 after acquiring an additional 298 shares in the last quarter. SS&H Financial Advisors Inc. bought a new stake in shares of Kimberly-Clark during the third quarter worth about $870,000. Finally, Keudell Morrison Wealth Management increased its position in shares of Kimberly-Clark by 5.9% during the third quarter. Keudell Morrison Wealth Management now owns 3,898 shares of the company’s stock worth $471,000 after acquiring an additional 216 shares in the last quarter. 76.29% of the stock is 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.