UBS Group Raises Kimberly-Clark (NYSE:KMB) Price Target to $138.00

Kimberly-Clark (NYSE:KMB) had its price objective lifted by UBS Group from $135.00 to $138.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also 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 company an equal weight rating in a report on Wednesday. Piper Sandler upped their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an overweight rating in a report on Thursday, March 28th. StockNews.com upgraded shares of Kimberly-Clark from a hold rating to a buy rating in a report on Thursday, April 11th. JPMorgan Chase & Co. upped their price objective on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an underweight rating in a report on Wednesday. Finally, HSBC upped their price objective on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a hold rating in a report on Thursday, March 28th. Three investment 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’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $135.21.

Kimberly-Clark Stock Performance

Shares of KMB opened at $137.78 on Wednesday. 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 stock has a market capitalization of $46.42 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 4.05 and a beta of 0.40. The firm’s fifty day simple moving average is $125.17 and its two-hundred day simple moving average is $122.66. Kimberly-Clark has a 12 month low of $116.32 and a 12 month high of $147.87.

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

Insiders Place Their Bets

In other news, Director Mark T. Smucker acquired 827 shares of Kimberly-Clark stock in a transaction on Monday, January 29th. The stock was acquired at an average cost of $120.98 per share, with a total value of $100,050.46. Following the transaction, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Paula Ramos sold 10,178 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark T. Smucker bought 827 shares of Kimberly-Clark stock in a transaction dated 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 completion of the transaction, 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 insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KMB. Exchange Traded Concepts LLC grew its stake in Kimberly-Clark by 140.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 32,265 shares of the company’s stock valued at $3,899,000 after buying an additional 18,860 shares in the last quarter. Private Trust Co. NA grew its stake in Kimberly-Clark by 2.5% in the 3rd quarter. Private Trust Co. NA now owns 6,467 shares of the company’s stock valued at $782,000 after buying an additional 160 shares in the last quarter. Ballast Inc. grew its stake in Kimberly-Clark by 3.2% in the 3rd quarter. Ballast Inc. now owns 9,558 shares of the company’s stock valued at $1,155,000 after buying an additional 298 shares in the last quarter. SS&H Financial Advisors Inc. purchased a new position in Kimberly-Clark in the 3rd quarter valued at approximately $870,000. Finally, Keudell Morrison Wealth Management grew its stake in Kimberly-Clark by 5.9% in the 3rd quarter. Keudell Morrison Wealth Management now owns 3,898 shares of the company’s stock valued at $471,000 after buying an additional 216 shares in the last quarter. 76.29% of the stock is 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.