Kimberly-Clark (NYSE:KMB) PT Raised to $136.00 at Wells Fargo & Company

Kimberly-Clark (NYSE:KMB) had its price target upped by investment analysts at Wells Fargo & Company from $131.00 to $136.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 0.32% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $133.00 to $150.00 in a report on Thursday, March 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $123.00 target price on shares of Kimberly-Clark in a research report on Thursday, March 28th. Piper Sandler upped their price target on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $135.50.

Kimberly-Clark Trading Down 1.0 %

Shares of Kimberly-Clark stock opened at $136.43 on Wednesday. The firm has a market capitalization of $45.96 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 4.05 and a beta of 0.40. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The firm’s 50 day moving average is $125.53 and its 200 day moving average is $122.75. Kimberly-Clark has a 1 year low of $116.32 and a 1 year high of $147.09.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts forecast that Kimberly-Clark will post 6.84 earnings per share for the current fiscal year.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the firm’s 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 directly owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mark T. Smucker acquired 827 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was purchased at an average cost of $120.98 per share, with a total value of $100,050.46. Following the acquisition, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares in the company, valued at $109,050.15. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KMB. Sequoia Financial Advisors LLC lifted 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 worth $2,500,000 after buying an additional 13,806 shares in the last quarter. PFG Investments LLC grew its stake in Kimberly-Clark by 11.2% in the 3rd quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock valued at $252,000 after purchasing an additional 209 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at $4,253,000. Rockline Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter worth $1,661,000. Finally, Nordea Investment Management AB boosted its holdings in shares of Kimberly-Clark by 28.3% in the 4th quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock worth $202,740,000 after buying an additional 368,505 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

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.