Kimberly-Clark (NYSE:KMB) PT Raised to $138.00 at Wells Fargo & Company

Kimberly-Clark (NYSE:KMB) had its price objective increased by research analysts at Wells Fargo & Company from $136.00 to $138.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential downside of 2.14% from the company’s current price.

A number of other analysts have also issued reports on KMB. Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their price target for the stock from $115.00 to $160.00 in a research note on Thursday, June 13th. Piper Sandler boosted their target price 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. HSBC increased their price target on shares of Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. UBS Group boosted their price objective on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. increased their target price on Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $143.36.

Kimberly-Clark Stock Performance

Shares of NYSE KMB opened at $141.02 on Wednesday. The company has a 50-day simple moving average of $136.45 and a 200-day simple moving average of $128.63. 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 company has a market cap of $47.48 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 3.14 and a beta of 0.37. Kimberly-Clark has a 12 month low of $116.32 and a 12 month high of $142.20.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the previous year, the company earned $1.67 EPS. Kimberly-Clark’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts anticipate that Kimberly-Clark will post 7.06 earnings per share for the current year.

Insider Activity

In related news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the transaction, the insider now owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares in the company, valued at $109,050.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Katy Chen sold 454 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $135.24, for a total transaction of $61,398.96. Following the transaction, the insider now owns 520 shares in the company, valued at $70,324.80. The disclosure for this sale can be found here. Insiders sold 24,395 shares of company stock worth $3,332,776 over the last ninety days. Corporate insiders own 0.62% of the company’s stock.

Institutional Trading of Kimberly-Clark

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its position in shares of Kimberly-Clark by 204.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock valued at $2,500,000 after acquiring an additional 13,806 shares in the last quarter. Virtu Financial LLC boosted its holdings in shares of Kimberly-Clark by 506.8% in the 4th quarter. Virtu Financial LLC now owns 12,955 shares of the company’s stock valued at $1,574,000 after buying an additional 10,820 shares during the period. Compagnie Lombard Odier SCmA bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $4,253,000. Nixon Peabody Trust Co. acquired a new stake in Kimberly-Clark during the fourth quarter worth about $1,081,000. Finally, Rockline Wealth Management LLC bought a new position in Kimberly-Clark in the fourth quarter worth about $1,661,000. 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.