HSBC Increases Kimberly-Clark (NYSE:KMB) Price Target to $150.00

Kimberly-Clark (NYSE:KMB) had its price target lifted by HSBC from $146.00 to $150.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. HSBC’s price objective would suggest a potential upside of 9.95% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. Bank of America lifted their price target on Kimberly-Clark from $110.00 to $115.00 and gave the company an “underperform” rating in a report on Wednesday. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Piper Sandler lifted their price target on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, The Goldman Sachs Group lifted their price target on Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $135.50.

Kimberly-Clark Trading Down 1.0 %

Kimberly-Clark stock opened at $136.43 on Wednesday. The stock has a market cap of $45.96 billion, a PE ratio of 25.08, a P/E/G ratio of 4.05 and a beta of 0.40. The stock has a 50-day moving average price of $125.53 and a 200 day moving average price of $122.75. Kimberly-Clark has a 52 week low of $116.32 and a 52 week high of $147.09. 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 (NYSE:KMB) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. The firm 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 quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS. Equities research 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 Paula Ramos sold 10,178 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares of the company’s stock, valued at approximately $109,050.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kimberly-Clark news, Director Mark T. Smucker acquired 827 shares of the company’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 acquisition, the director now directly owns 827 shares of the company’s stock, valued at $100,050.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction that occurred 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 $109,050.15. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kimberly-Clark

Hedge funds and other institutional investors have recently bought and sold shares of the business. Essex Financial Services Inc. increased its holdings in shares of Kimberly-Clark by 2.1% in the 1st quarter. Essex Financial Services Inc. now owns 3,923 shares of the company’s stock valued at $507,000 after acquiring an additional 82 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services increased its holdings in shares of Kimberly-Clark by 1.7% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 4,817 shares of the company’s stock valued at $623,000 after acquiring an additional 82 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Kimberly-Clark by 2.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 3,860 shares of the company’s stock valued at $456,000 after acquiring an additional 84 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Kimberly-Clark by 5.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,745 shares of the company’s stock valued at $212,000 after acquiring an additional 88 shares during the last quarter. Finally, Core Wealth Partners LLC increased its holdings in shares of Kimberly-Clark by 3.6% in the 1st quarter. Core Wealth Partners LLC now owns 2,547 shares of the company’s stock valued at $329,000 after acquiring an additional 88 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other 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.