JPMorgan Chase & Co. Issues Pessimistic Forecast for Kimberly-Clark (NYSE:KMB) Stock Price

Kimberly-Clark (NYSE:KMB - Get Free Report) had its price objective reduced by investment analysts at JPMorgan Chase & Co. from $140.00 to $124.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential downside of 2.10% from the stock's current price.

A number of other equities analysts also recently commented on the stock. Barclays boosted their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Friday, October 11th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Citigroup cut their target price on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a research report on Wednesday. TD Cowen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price for the company. in a report on Wednesday, January 8th. Finally, Piper Sandler cut their price target on shares of Kimberly-Clark from $175.00 to $161.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Two investment 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $144.57.

Kimberly-Clark Stock Up 0.9 %

KMB stock traded up $1.10 during mid-day trading on Thursday, reaching $126.66. The company had a trading volume of 2,090,403 shares, compared to its average volume of 1,904,567. The firm has a fifty day simple moving average of $132.64 and a 200 day simple moving average of $138.13. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The company has a market capitalization of $42.24 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 2.69 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.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm had revenue of $4.95 billion for the quarter, compared to analysts' expectations of $5.06 billion. During the same quarter last year, the company earned $1.74 earnings per share. The firm's revenue was down 3.5% compared to the same quarter last year. Analysts forecast that Kimberly-Clark will post 7.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now directly owns 5,053 shares of the company's stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.62% of the stock is owned by insiders.

Hedge Funds Weigh In On Kimberly-Clark

Several hedge funds have recently bought and sold shares of the company. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $26,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the 3rd quarter worth $29,000. DiNuzzo Private Wealth Inc. raised its holdings in shares of Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company's stock worth $32,000 after purchasing an additional 202 shares during the period. Kennebec Savings Bank acquired a new position in Kimberly-Clark during the third quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Kimberly-Clark during the 3rd quarter valued at $39,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

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.