Kimberly-Clark (NYSE:KMB) Given New $134.00 Price Target at UBS Group

Kimberly-Clark (NYSE:KMB - Free Report) had its target price upped by UBS Group from $132.00 to $134.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts also recently issued reports on the company. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut 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. TD Cowen cut Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. Piper Sandler restated an "overweight" rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $143.64.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock traded up $1.11 during trading on Wednesday, hitting $130.78. 1,871,454 shares of the company's stock traded hands, compared to its average volume of 2,070,503. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The firm's fifty day moving average price is $131.50 and its 200 day moving average price is $137.36. The company has a market cap of $43.61 billion, a PE ratio of 16.96, a PEG ratio of 3.53 and a beta of 0.41. Kimberly-Clark has a twelve month low of $117.67 and a twelve month high of $149.30.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Analysts forecast that Kimberly-Clark will post 7.32 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a $1.26 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.85%. Kimberly-Clark's payout ratio is currently 63.29%.

Insider Transactions at Kimberly-Clark

In related 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 value of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company's stock, valued at $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kimberly-Clark

A number of large investors have recently modified their holdings of the business. Park Avenue Securities LLC grew its stake in shares of Kimberly-Clark by 77.4% during the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company's stock worth $1,807,000 after buying an additional 6,016 shares during the last quarter. Pensionfund Sabic grew its position in Kimberly-Clark by 45.5% during the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company's stock worth $1,677,000 after acquiring an additional 4,000 shares during the last quarter. Barclays PLC increased its holdings in Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company's stock worth $239,267,000 after purchasing an additional 273,813 shares in the last quarter. Vest Financial LLC raised its position in Kimberly-Clark by 6.5% in the third quarter. Vest Financial LLC now owns 347,269 shares of the company's stock valued at $49,409,000 after purchasing an additional 21,339 shares during the last quarter. Finally, Aprio Wealth Management LLC boosted its stake in shares of Kimberly-Clark by 20.0% during the fourth quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company's stock valued at $366,000 after purchasing an additional 466 shares in the last quarter. Institutional investors and hedge funds 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.