Kimberly-Clark (NYSE:KMB) Price Target Raised to $144.00 at Barclays

Kimberly-Clark (NYSE:KMB) had its price target boosted by analysts at Barclays from $138.00 to $144.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 2.33% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. UBS Group upped their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $144.85.

Kimberly-Clark Stock Up 0.1 %

Shares of NYSE:KMB opened at $140.73 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company’s 50-day moving average price is $136.12 and its two-hundred day moving average price is $136.05. Kimberly-Clark has a 12 month low of $123.84 and a 12 month high of $150.45. The firm has a market cap of $46.67 billion, a P/E ratio of 18.64, a P/E/G ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, research analysts forecast that Kimberly-Clark will post 7.5 EPS for the current fiscal year.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction on Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the transaction, the vice president now directly owns 2,553 shares of the company’s stock, valued at $357,420. The trade was a 49.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kimberly-Clark

Hedge funds and other institutional investors have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kimberly-Clark in the fourth quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth approximately $25,000. Minot DeBlois Advisors LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth about $29,000. Golden State Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark during the fourth quarter worth about $33,000. 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.