Bank of America Raises Kimberly-Clark (NYSE:KMB) Price Target to $115.00

Kimberly-Clark (NYSE:KMB) had its price objective hoisted by Bank of America from $110.00 to $115.00 in a research report released on Wednesday, Benzinga reports. Bank of America currently has an underperform rating on the stock.

A number of other equities analysts have also commented on KMB. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a hold rating in a research report on Thursday, March 28th. Piper Sandler raised their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an overweight rating in a research report on Thursday, March 28th. HSBC raised their price objective on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a hold rating in a research report on Thursday, March 28th. StockNews.com upgraded shares of Kimberly-Clark from a hold rating to a buy rating in a research report on Thursday, April 11th. Finally, UBS Group raised their price objective on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a neutral rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $134.85.

Kimberly-Clark Price Performance

KMB opened at $135.24 on Wednesday. The company has a market capitalization of $45.54 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 3.90 and a beta of 0.40. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The firm has a 50-day moving average price of $125.86 and a 200-day moving average price of $122.87. Kimberly-Clark has a twelve month low of $116.32 and a twelve month high of $147.09.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.40. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the company earned $1.67 earnings per share. Equities analysts expect that Kimberly-Clark will post 6.98 EPS for the current year.

Insider Buying and Selling at Kimberly-Clark

In related news, insider Paula Ramos sold 10,178 shares of the firm’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 sale, the insider now directly owns 795 shares of the company’s stock, valued at $109,050.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 795 shares in the company, valued at $109,050.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark T. Smucker purchased 827 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the acquisition, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The disclosure for this purchase can be found here. Corporate insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Kimberly-Clark

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Conning Inc. increased its position in shares of Kimberly-Clark by 13.6% during the first quarter. Conning Inc. now owns 302,414 shares of the company’s stock valued at $39,040,000 after buying an additional 36,174 shares during the period. Yousif Capital Management LLC increased its position in shares of Kimberly-Clark by 5.5% during the first quarter. Yousif Capital Management LLC now owns 111,386 shares of the company’s stock valued at $14,408,000 after buying an additional 5,835 shares during the period. SlateStone Wealth LLC increased its position in shares of Kimberly-Clark by 146.2% during the first quarter. SlateStone Wealth LLC now owns 38,928 shares of the company’s stock valued at $5,035,000 after buying an additional 23,118 shares during the period. First Personal Financial Services increased its position in shares of Kimberly-Clark by 0.3% during the first quarter. First Personal Financial Services now owns 40,703 shares of the company’s stock valued at $5,265,000 after buying an additional 128 shares during the period. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in Kimberly-Clark in the first quarter worth about $330,000. Hedge funds and other institutional investors 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.