Kimberly-Clark (NASDAQ:KMB) Price Target Raised to $110.00

Kimberly-Clark (NASDAQ:KMB) had its price target raised by equities researchers at Wells Fargo & Company from $100.00 to $110.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential downside of 4.13% from the company’s previous close.

KMB has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft decreased their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Barclays reduced their price objective on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Piper Sandler increased their target price on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Bank of America cut their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, UBS Group boosted their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $116.14.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $114.74 on Wednesday. The firm has a market cap of $38.09 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 5.07 and a beta of 0.26. The firm has a fifty day moving average price of $101.42 and a 200 day moving average price of $101.26. Kimberly-Clark has a fifty-two week low of $92.42 and a fifty-two week high of $137.46. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the company earned $1.93 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that Kimberly-Clark will post 7.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider owned 8,362 shares in the company, valued at $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,096 shares of company stock worth $689,687 in the last 90 days. 0.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kimberly-Clark

Several hedge funds have recently added to or reduced their stakes in KMB. Vanguard Group Inc. grew its stake in shares of Kimberly-Clark by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock valued at $4,121,027,000 after buying an additional 315,981 shares during the last quarter. State Street Corp boosted its holdings in Kimberly-Clark by 1.4% during the 4th quarter. State Street Corp now owns 21,125,118 shares of the company’s stock valued at $2,157,746,000 after acquiring an additional 294,228 shares during the period. Charles Schwab Investment Management Inc. grew its position in Kimberly-Clark by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock valued at $1,202,322,000 after acquiring an additional 299,382 shares during the last quarter. Geode Capital Management LLC increased its stake in Kimberly-Clark by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock worth $836,216,000 after purchasing an additional 65,619 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in Kimberly-Clark by 50.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after purchasing an additional 2,628,206 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.