Kimberly-Clark (NYSE:KMB) Price Target Increased to $174.00 by Analysts at Piper Sandler

Kimberly-Clark (NYSE:KMB) had its price target boosted by equities research analysts at Piper Sandler from $167.00 to $174.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 22.94% from the company’s previous close.

Other equities analysts have also issued research reports about the company. UBS Group increased their target price on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and increased their target price for the company from $133.00 to $150.00 in a research note on Thursday, March 28th. Barclays increased their target price on Kimberly-Clark from $132.00 to $136.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Tuesday, June 18th. Finally, JPMorgan Chase & Co. raised their price target on Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $143.36.

Kimberly-Clark Trading Up 0.4 %

Shares of KMB opened at $141.53 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. Kimberly-Clark has a 12-month low of $116.32 and a 12-month high of $142.41. The firm has a market capitalization of $47.65 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 3.17 and a beta of 0.37. The stock’s fifty day simple moving average is $136.56 and its 200-day simple moving average is $128.78.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, research analysts predict that Kimberly-Clark will post 7.06 earnings per share for the current year.

Insider Transactions at Kimberly-Clark

In other news, insider Katy Chen sold 454 shares of Kimberly-Clark stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $135.24, for a total transaction of $61,398.96. Following the completion of the transaction, the insider now directly owns 520 shares in the company, valued at approximately $70,324.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the transaction, the insider now directly owns 795 shares of the company’s stock, valued at approximately $109,050.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katy Chen sold 454 shares of Kimberly-Clark stock in a transaction on Friday, April 26th. The shares were sold at an average price of $135.24, for a total value of $61,398.96. Following the completion of the transaction, the insider now directly owns 520 shares of the company’s stock, valued at $70,324.80. The disclosure for this sale can be found here. In the last three months, insiders sold 24,395 shares of company stock worth $3,332,776. 0.62% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kimberly-Clark

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KMB. Rise Advisors LLC raised its holdings in Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after acquiring an additional 176 shares in the last quarter. Cranbrook Wealth Management LLC increased its stake in shares of Kimberly-Clark by 90.9% in the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Accordant Advisory Group Inc bought a new position in shares of Kimberly-Clark in the 1st quarter valued at $27,000. Crewe Advisors LLC bought a new position in shares of Kimberly-Clark in the 1st quarter valued at $27,000. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Kimberly-Clark in the 4th quarter valued at $35,000. 76.29% of the stock is owned by institutional investors and hedge funds.

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.