Kimberly-Clark (NYSE:KMB - Get Free Report) had its target price decreased by investment analysts at Barclays from $144.00 to $132.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective suggests a potential upside of 3.67% from the stock's current price.
KMB has been the subject of several other reports. JPMorgan Chase & Co. lowered their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating for the company in a research note on Thursday. Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. UBS Group cut their price objective on shares of Kimberly-Clark from $151.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of "Hold" and an average target price of $143.71.
Read Our Latest Research Report on Kimberly-Clark
Kimberly-Clark Stock Performance
Shares of KMB stock traded up $0.68 during mid-day trading on Friday, hitting $127.33. 2,056,622 shares of the stock were exchanged, compared to its average volume of 1,808,543. The stock's fifty day simple moving average is $132.41 and its two-hundred day simple moving average is $137.98. The stock has a market capitalization of $42.46 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 2.69 and a beta of 0.41. Kimberly-Clark has a 12-month low of $117.67 and a 12-month 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the firm earned $1.74 EPS. On average, analysts forecast that Kimberly-Clark will post 7.31 EPS for the current year.
Insider Activity at Kimberly-Clark
In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction that occurred on 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 sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Edgestream Partners L.P. acquired a new position in shares of Kimberly-Clark in the second quarter valued at $731,000. XTX Topco Ltd increased its holdings in Kimberly-Clark by 305.0% in the 2nd quarter. XTX Topco Ltd now owns 11,822 shares of the company's stock valued at $1,634,000 after buying an additional 8,903 shares during the period. Brighton Jones LLC boosted its stake in shares of Kimberly-Clark by 16.4% in the 2nd quarter. Brighton Jones LLC now owns 6,515 shares of the company's stock valued at $900,000 after purchasing an additional 917 shares in the last quarter. Ieq Capital LLC boosted its stake in shares of Kimberly-Clark by 23.6% in the 2nd quarter. Ieq Capital LLC now owns 19,212 shares of the company's stock valued at $2,655,000 after purchasing an additional 3,669 shares in the last quarter. Finally, Trust Investment Advisors acquired a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $209,000. Institutional investors and hedge funds own 76.29% of the company's stock.
About Kimberly-Clark
(
Get Free Report)
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.
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