Kimberly-Clark (NYSE:KMB) Given New $138.00 Price Target at UBS Group

Kimberly-Clark (NYSE:KMB) had its price objective boosted by UBS Group from $135.00 to $138.00 in a report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also commented on KMB. JPMorgan Chase & Co. increased their price objective on Kimberly-Clark from $115.00 to $123.00 and gave the company an underweight rating in a research report on Wednesday. HSBC increased their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the company a hold rating in a research report on Thursday, March 28th. StockNews.com upgraded Kimberly-Clark from a hold rating to a buy rating in a research report on Thursday, April 11th. The Goldman Sachs Group increased their price objective on Kimberly-Clark from $135.00 to $152.00 and gave the company a buy rating in a research report on Wednesday. Finally, Piper Sandler increased their price objective on Kimberly-Clark from $145.00 to $152.00 and gave the company an overweight rating in a research report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of Hold and an average target price of $135.21.

Kimberly-Clark Stock Up 1.3 %

NYSE KMB opened at $137.78 on Wednesday. The firm has a market cap of $46.42 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 4.05 and a beta of 0.40. Kimberly-Clark has a one year low of $116.32 and a one year high of $147.87. The stock’s 50 day simple moving average is $125.17 and its 200 day simple moving average is $122.66. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. Kimberly-Clark’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $1.67 EPS. As a group, sell-side analysts forecast that Kimberly-Clark will post 6.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kimberly-Clark news, Director Mark T. Smucker acquired 827 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $120.98 per share, with a total value of $100,050.46. Following the purchase, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of Kimberly-Clark stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the sale, the insider now owns 17,229 shares of the company’s stock, valued at approximately $2,084,709. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark T. Smucker purchased 827 shares of the company’s stock in a transaction on Monday, January 29th. The stock was purchased at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the purchase, the director now directly owns 827 shares in the company, valued at $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is currently owned by company insiders.

Institutional Trading of Kimberly-Clark

Several hedge funds and other institutional investors have recently modified their holdings of KMB. Norges Bank bought a new position in shares of Kimberly-Clark in the 4th quarter valued at about $437,420,000. FMR LLC grew its holdings 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 acquiring an additional 1,046,155 shares in the last quarter. American Century Companies Inc. grew its holdings 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 acquiring an additional 641,187 shares in the last quarter. Royal Bank of Canada grew its holdings 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 acquiring an additional 524,632 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings 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 acquiring an additional 386,497 shares in the last quarter. Institutional investors and hedge funds 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.