Wells Fargo & Company Increases Kimberly-Clark (NYSE:KMB) Price Target to $136.00

Kimberly-Clark (NYSE:KMB) had its price objective raised by Wells Fargo & Company from $131.00 to $136.00 in a research note released on Wednesday, Benzinga reports. They currently have an equal weight rating on the stock.

Other research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft boosted their target price on Kimberly-Clark from $127.00 to $132.00 and gave the company a hold rating in a research note on Thursday, March 28th. Barclays boosted their target price on Kimberly-Clark from $124.00 to $132.00 and gave the company an equal weight rating in a research note on Friday, April 12th. Royal Bank of Canada restated a sector perform rating and issued a $123.00 target price on shares of Kimberly-Clark in a research note on Thursday, March 28th. StockNews.com upgraded Kimberly-Clark from a hold rating to a buy rating in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group initiated coverage on Kimberly-Clark in a research note on Friday, March 1st. They issued a buy rating and a $135.00 target price on the stock. 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 stock. According to MarketBeat, Kimberly-Clark currently has an average rating of Hold and a consensus price target of $135.21.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $137.78 on Wednesday. Kimberly-Clark has a 1-year low of $116.32 and a 1-year high of $147.87. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The company has a market capitalization of $46.42 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 4.05 and a beta of 0.40. The stock’s fifty day simple moving average is $125.17 and its 200-day simple moving average is $122.66.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. Kimberly-Clark’s revenue for the quarter was down .9% compared to the same quarter last year. On average, sell-side analysts predict that Kimberly-Clark will post 6.84 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KMB. OFI Invest Asset Management bought a new position in Kimberly-Clark in the 3rd quarter valued at $25,000. Rise Advisors LLC boosted its position in Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after buying an additional 176 shares during the last quarter. Cranbrook Wealth Management LLC boosted its position in Kimberly-Clark by 90.9% in the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Accordant Advisory Group Inc bought a new position in Kimberly-Clark in the 1st quarter valued at $27,000. Finally, Centerpoint Advisors LLC boosted its position in Kimberly-Clark by 175.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock valued at $33,000 after buying an additional 175 shares during the last quarter. 76.29% of the stock is currently 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.