Piper Sandler Reaffirms Overweight Rating for Kimberly-Clark (NYSE:KMB)

Kimberly-Clark (NYSE:KMB - Get Free Report)'s stock had its "overweight" rating reiterated by stock analysts at Piper Sandler in a report issued on Wednesday,Benzinga reports. They currently have a $158.00 price objective on the stock, down from their prior price objective of $161.00. Piper Sandler's price objective suggests a potential upside of 20.81% from the company's current price.

KMB has been the subject of several other research reports. UBS Group reduced their price target on shares of Kimberly-Clark from $151.00 to $132.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their target price on Kimberly-Clark from $146.00 to $147.00 and gave the stock a "hold" rating in a research note on Tuesday, October 8th. Citigroup decreased their price target on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a research report on Wednesday, January 15th. TD Cowen lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $143.64.

Kimberly-Clark Stock Up 0.9 %

Shares of NYSE:KMB traded up $1.11 during mid-day trading on Wednesday, hitting $130.78. 1,871,454 shares of the company traded hands, compared to its average volume of 2,070,503. Kimberly-Clark has a 12-month low of $117.67 and a 12-month high of $149.30. The stock has a 50-day moving average price of $131.50 and a two-hundred day moving average price of $137.36. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The stock has a market cap of $43.61 billion, a P/E ratio of 16.96, a P/E/G ratio of 3.53 and a beta of 0.41.

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

Insider Buying and Selling

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by corporate insiders.

Institutional Trading of Kimberly-Clark

Several large investors have recently added to or reduced their stakes in KMB. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark in the third quarter worth $29,000. DiNuzzo Private Wealth Inc. lifted its position in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company's stock valued at $32,000 after buying an additional 202 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at $32,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth about $33,000. Institutional investors own 76.29% of the company's stock.

About Kimberly-Clark

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.