Kimberly-Clark (NYSE:KMB) Given New $125.00 Price Target at Citigroup

Kimberly-Clark (NYSE:KMB) had its price target boosted by Citigroup from $111.00 to $125.00 in a research report report published on Wednesday, Benzinga reports. They currently have a sell rating on the stock.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company upped their price objective on shares of Kimberly-Clark from $131.00 to $136.00 and gave the stock an equal weight rating in a research report on Wednesday. The Goldman Sachs Group upped their price objective on shares of Kimberly-Clark from $135.00 to $152.00 and gave the stock a buy rating in a research report on Wednesday. Royal Bank of Canada upped their price objective on shares of Kimberly-Clark from $123.00 to $126.00 and gave the stock a sector perform rating in a research report on Wednesday. HSBC upped their price target on shares of Kimberly-Clark from $146.00 to $150.00 and gave the stock a hold rating in a research report on Wednesday. Finally, Piper Sandler upped their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an overweight rating in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $135.21.

Kimberly-Clark Trading Up 1.3 %

NYSE KMB opened at $137.78 on Wednesday. The company has a market capitalization of $46.42 billion, a PE ratio of 25.33, a P/E/G ratio of 4.05 and a beta of 0.40. The company has a fifty day moving average of $125.17 and a 200 day moving average of $122.66. Kimberly-Clark has a 1 year low of $116.32 and a 1 year high of $147.87. 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 posted its earnings results 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 company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 earnings per share. Research analysts forecast that Kimberly-Clark will post 6.84 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On Kimberly-Clark

A number of hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC lifted its holdings in Kimberly-Clark by 204.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock worth $2,500,000 after buying an additional 13,806 shares in the last quarter. PFG Investments LLC lifted its holdings in Kimberly-Clark by 11.2% during the 3rd quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock worth $252,000 after buying an additional 209 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $4,253,000. Rockline Wealth Management LLC acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $1,661,000. Finally, Nordea Investment Management AB lifted its holdings in Kimberly-Clark by 28.3% during the 4th quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock worth $202,740,000 after buying an additional 368,505 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

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.