Piper Sandler Boosts Kimberly-Clark (NYSE:KMB) Price Target to $152.00

Kimberly-Clark (NYSE:KMB) had its price objective upped by investment analysts at Piper Sandler from $145.00 to $152.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 17.51% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and increased their price target for the company from $133.00 to $150.00 in a report on Thursday. HSBC raised their price objective on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “hold” rating in a research note on Thursday. StockNews.com downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays decreased their price target on shares of Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating for the company in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kimberly-Clark from $119.00 to $125.00 and gave the company an “underweight” rating in a research note on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $132.33.

Kimberly-Clark Price Performance

KMB stock traded up $2.08 during trading on Thursday, reaching $129.35. The company’s stock had a trading volume of 1,361,996 shares, compared to its average volume of 2,098,237. Kimberly-Clark has a 1 year low of $116.32 and a 1 year high of $147.87. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 6.94. The company has a market capitalization of $43.58 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 3.96 and a beta of 0.40. The company’s fifty day moving average is $122.41 and its 200-day moving average is $121.95.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 EPS. On average, research analysts expect that Kimberly-Clark will post 6.83 earnings per share for the current fiscal year.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the transaction, the insider now owns 17,229 shares of the company’s stock, valued at $2,084,709. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of the firm’s 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 sale, the insider now owns 17,229 shares in the company, valued at $2,084,709. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark T. Smucker purchased 827 shares of the company’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the purchase, the director now directly owns 827 shares of the company’s stock, 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.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC increased its stake in shares of Kimberly-Clark by 2.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 3,860 shares of the company’s stock valued at $456,000 after acquiring an additional 84 shares during the period. Chapin Davis Inc. grew its position in Kimberly-Clark by 2.9% in the second quarter. Chapin Davis Inc. now owns 2,984 shares of the company’s stock worth $412,000 after buying an additional 85 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its position in Kimberly-Clark by 1.8% in the second quarter. Jaffetilchin Investment Partners LLC now owns 4,750 shares of the company’s stock worth $656,000 after buying an additional 85 shares during the last quarter. Arcus Capital Partners LLC grew its position in Kimberly-Clark by 3.8% in the third quarter. Arcus Capital Partners LLC now owns 2,341 shares of the company’s stock worth $283,000 after buying an additional 86 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in Kimberly-Clark by 5.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,745 shares of the company’s stock worth $212,000 after buying an additional 88 shares during 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.