Kimberly-Clark (NYSE:KMB) Rating Lowered to “Hold” at TD Cowen

Kimberly-Clark (NYSE:KMB) was downgraded by equities researchers at TD Cowen from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a $145.00 price target on the stock. TD Cowen’s target price would indicate a potential upside of 14.05% from the stock’s current price.

KMB has been the topic of a number of other research reports. UBS Group cut their target price on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company dropped their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Piper Sandler dropped their price objective on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday. JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Finally, Barclays boosted their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $147.57.

Kimberly-Clark Trading Up 0.8 %

Shares of KMB stock opened at $127.14 on Wednesday. The stock’s fifty day moving average price is $133.61 and its two-hundred day moving average price is $138.68. The company has a market cap of $42.40 billion, a PE ratio of 16.49, a P/E/G ratio of 2.76 and a beta of 0.41. Kimberly-Clark has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.

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

Insider Buying and Selling

In related news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KMB. Strategic Financial Concepts LLC purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth $32,000. Ausdal Financial Partners Inc. bought a new stake in shares of Kimberly-Clark during the 2nd quarter valued at $220,000. First Foundation Advisors raised its position in shares of Kimberly-Clark by 14.5% during the 2nd quarter. First Foundation Advisors now owns 1,607 shares of the company’s stock valued at $222,000 after purchasing an additional 204 shares during the period. PFG Investments LLC raised its position in shares of Kimberly-Clark by 8.2% during the 2nd quarter. PFG Investments LLC now owns 7,210 shares of the company’s stock valued at $996,000 after purchasing an additional 546 shares during the period. Finally, Choreo LLC raised its position in shares of Kimberly-Clark by 117.4% during the 2nd quarter. Choreo LLC now owns 9,198 shares of the company’s stock valued at $1,268,000 after purchasing an additional 4,967 shares during the period. Hedge funds and other institutional investors 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.