Kimberly-Clark (NYSE:KMB) Price Target Cut to $132.00 by Analysts at UBS Group

Kimberly-Clark (NYSE:KMB) had its price target decreased by stock analysts at UBS Group from $151.00 to $132.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 4.21% from the company’s previous close.

Several other research firms have also recently commented on KMB. Deutsche Bank Aktiengesellschaft upped their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. 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. Piper Sandler decreased 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. Citigroup dropped their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $144.57.

Kimberly-Clark Stock Performance

Shares of KMB stock traded up $1.10 during trading hours on Thursday, reaching $126.66. 1,440,766 shares of the company’s stock were exchanged, compared to its average volume of 1,820,243. The business has a fifty day moving average price of $132.77 and a 200-day moving average price of $138.22. The stock has a market capitalization of $42.24 billion, a P/E ratio of 16.43, a P/E/G ratio of 2.69 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark has a fifty-two week low of $117.67 and a fifty-two week high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the prior year, the firm earned $1.74 EPS. The business’s revenue was down 3.5% on a year-over-year basis. Analysts predict that Kimberly-Clark will post 7.31 EPS for the current fiscal year.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction 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 completion of the sale, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kimberly-Clark

Several large investors have recently made changes to their positions in the company. Citizens Financial Group Inc. RI grew its position in shares of Kimberly-Clark by 28.4% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 2,069 shares of the company’s stock worth $288,000 after buying an additional 458 shares during the period. Edgestream Partners L.P. acquired a new stake in Kimberly-Clark during the 2nd quarter worth $731,000. Vanguard Personalized Indexing Management LLC raised its position in shares of Kimberly-Clark by 31.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 36,820 shares of the company’s stock valued at $5,027,000 after acquiring an additional 8,914 shares during the last quarter. Blair William & Co. IL lifted its stake in shares of Kimberly-Clark by 43.8% in the 2nd quarter. Blair William & Co. IL now owns 185,646 shares of the company’s stock valued at $25,656,000 after purchasing an additional 56,519 shares during the period. Finally, Elo Mutual Pension Insurance Co boosted its position in shares of Kimberly-Clark by 5.3% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 29,388 shares of the company’s stock worth $4,061,000 after purchasing an additional 1,473 shares during the last quarter. Institutional investors and hedge funds 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.