Kimberly-Clark (NYSE:KMB) Price Target Lowered to $161.00 at Piper Sandler

Kimberly-Clark (NYSE:KMB) had its target price reduced by Piper Sandler from $175.00 to $161.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft upped their target price on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. UBS Group cut their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Barclays boosted their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $149.00.

Kimberly-Clark Stock Down 2.7 %

Kimberly-Clark stock opened at $126.22 on Monday. The company has a market capitalization of $42.09 billion, a P/E ratio of 16.37, a P/E/G ratio of 2.76 and a beta of 0.41. Kimberly-Clark has a 1-year low of $117.67 and a 1-year high of $149.30. The firm’s fifty day simple moving average is $133.95 and its 200-day simple moving average is $138.87. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $1.74 earnings per share. Sell-side analysts forecast that Kimberly-Clark will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were paid a $1.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.87%. Kimberly-Clark’s payout ratio is 63.29%.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. CWA Asset Management Group LLC lifted its position in shares of Kimberly-Clark by 206.8% during the 4th quarter. CWA Asset Management Group LLC now owns 11,096 shares of the company’s stock worth $1,454,000 after buying an additional 7,479 shares during the period. Pensionfund Sabic lifted its holdings in shares of Kimberly-Clark by 45.5% during the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock valued at $1,677,000 after acquiring an additional 4,000 shares during the period. Nordea Investment Management AB boosted its stake in shares of Kimberly-Clark by 20.4% in the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock valued at $358,625,000 after purchasing an additional 464,615 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of Kimberly-Clark by 11.1% in the 4th quarter. Central Pacific Bank Trust Division now owns 2,468 shares of the company’s stock worth $323,000 after purchasing an additional 247 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Kimberly-Clark by 64.1% during the 4th quarter. GAMMA Investing LLC now owns 17,173 shares of the company’s stock worth $2,250,000 after purchasing an additional 6,710 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

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.