Kimberly-Clark (NYSE:KMB) PT Raised to $135.00

Kimberly-Clark (NYSE:KMB) had its price target hoisted by JPMorgan Chase & Co. from $123.00 to $135.00 in a report issued on Monday morning, Benzinga reports. They currently have an underweight rating on the stock.

A number of other analysts also recently commented on the stock. Piper Sandler boosted their price target on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an overweight rating in a research report on Thursday, July 11th. Citigroup upped their target price on Kimberly-Clark from $111.00 to $125.00 and gave the stock a sell rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Kimberly-Clark from $127.00 to $132.00 and gave the company a hold rating in a research report on Thursday, March 28th. The Goldman Sachs Group upped their price objective on Kimberly-Clark from $135.00 to $152.00 and gave the company a buy rating in a report on Wednesday, April 24th. Finally, HSBC lifted their target price on Kimberly-Clark from $146.00 to $150.00 and gave the stock a hold rating in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $145.67.

Kimberly-Clark Stock Up 0.4 %

KMB opened at $141.06 on Monday. The stock’s 50 day moving average price is $137.66 and its 200 day moving average price is $130.05. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. The stock has a market cap of $47.50 billion, a P/E ratio of 25.93, a P/E/G ratio of 3.02 and a beta of 0.37. Kimberly-Clark has a 12 month low of $116.32 and a 12 month high of $145.62.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a return on equity of 237.13% and a net margin of 11.28%. The company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the business posted $1.65 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, research analysts predict that Kimberly-Clark will post 7.07 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Friday, June 7th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Friday, June 7th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insider Activity

In related news, insider Jeffrey P. Melucci sold 6,390 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $135.59, for a total transaction of $866,420.10. Following the transaction, the insider now directly owns 33,649 shares of the company’s stock, valued at $4,562,467.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jeffrey P. Melucci sold 6,390 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $135.59, for a total transaction of $866,420.10. Following the transaction, the insider now directly owns 33,649 shares in the company, valued at approximately $4,562,467.91. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Doug Cunningham sold 3,833 shares of Kimberly-Clark stock in a transaction on Friday, May 10th. The shares were sold at an average price of $136.82, for a total value of $524,431.06. The disclosure for this sale can be found here. Insiders have sold 13,763 shares of company stock worth $1,875,261 in the last 90 days. Company insiders own 0.62% of the company’s stock.

Institutional Trading of Kimberly-Clark

Large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Kimberly-Clark in the 4th quarter valued at $437,420,000. Price T Rowe Associates Inc. MD lifted its position in shares of Kimberly-Clark by 19.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after buying an additional 944,920 shares during the last quarter. Capital World Investors boosted its stake in shares of Kimberly-Clark by 23.8% during the 4th quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock worth $234,114,000 after acquiring an additional 370,094 shares in the last quarter. KBC Group NV increased its holdings in shares of Kimberly-Clark by 277.9% during the 4th quarter. KBC Group NV now owns 472,934 shares of the company’s stock valued at $57,466,000 after acquiring an additional 347,778 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Kimberly-Clark by 69.2% in the 1st quarter. BNP Paribas Financial Markets now owns 779,224 shares of the company’s stock valued at $100,793,000 after acquiring an additional 318,680 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

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.