Kimberly-Clark (NYSE:KMB) Price Target Lowered to $132.00 at UBS Group

Kimberly-Clark (NYSE:KMB) had its price target lowered by UBS Group from $151.00 to $132.00 in a report published on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts also recently issued reports on KMB. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Piper Sandler lowered their target price on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Citigroup reduced their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday. Finally, Barclays upped their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $144.57.

Kimberly-Clark Stock Up 0.9 %

Shares of NYSE:KMB opened at $126.66 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The firm has a 50 day simple moving average of $132.64 and a 200-day simple moving average of $138.13. The company has a market capitalization of $42.24 billion, a PE ratio of 16.43, a P/E/G ratio of 2.69 and a beta of 0.41. Kimberly-Clark has a twelve month low of $117.67 and a twelve month high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the prior year, the firm posted $1.74 earnings per share. Kimberly-Clark’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities analysts predict that Kimberly-Clark will post 7.31 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Insiders Place Their Bets

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kimberly-Clark

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pensionfund Sabic increased its holdings in shares of Kimberly-Clark by 45.5% in the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock valued at $1,677,000 after purchasing an additional 4,000 shares in the last quarter. Barclays PLC grew its position in Kimberly-Clark by 19.4% during the third quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock worth $239,267,000 after buying an additional 273,813 shares during the period. Vest Financial LLC increased its holdings in Kimberly-Clark by 6.5% in the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after buying an additional 21,339 shares in the last quarter. West Oak Capital LLC lifted its position in shares of Kimberly-Clark by 20,377.6% during the 4th quarter. West Oak Capital LLC now owns 33,788 shares of the company’s stock valued at $4,428,000 after acquiring an additional 33,623 shares during the period. Finally, Aprio Wealth Management LLC boosted its stake in shares of Kimberly-Clark by 20.0% during the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock worth $366,000 after acquiring an additional 466 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Company Profile

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.