Kimberly-Clark (NYSE:KMB) Price Target Lowered to $132.00 at Barclays

Kimberly-Clark (NYSE:KMB) had its price target dropped by research analysts at Barclays from $144.00 to $132.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 3.67% from the stock’s current price.

A number of other research firms have also recently commented on KMB. JPMorgan Chase & Co. reduced their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. UBS Group reduced their target price on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Finally, Piper Sandler reduced their target price on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $143.71.

Kimberly-Clark Trading Up 0.5 %

NYSE KMB opened at $127.33 on Friday. Kimberly-Clark has a one year low of $117.67 and a one year high of $149.30. The company’s 50 day moving average price is $132.41 and its 200 day moving average price is $137.98. 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 firm has a market capitalization of $42.46 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.69 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS 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 analyst estimates of $5.06 billion. During the same quarter last year, the firm posted $1.74 earnings per share. Kimberly-Clark’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, sell-side analysts predict that Kimberly-Clark will post 7.31 EPS for the current year.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is owned by insiders.

Hedge Funds Weigh In On Kimberly-Clark

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bill Few Associates Inc. boosted its holdings in shares of Kimberly-Clark by 4.7% during the fourth quarter. Bill Few Associates Inc. now owns 4,235 shares of the company’s stock valued at $555,000 after acquiring an additional 190 shares during the period. Mutual Advisors LLC boosted its holdings in shares of Kimberly-Clark by 22.3% during the fourth quarter. Mutual Advisors LLC now owns 27,143 shares of the company’s stock valued at $3,438,000 after acquiring an additional 4,942 shares during the period. Advisory Alpha LLC boosted its holdings in shares of Kimberly-Clark by 9.9% during the fourth quarter. Advisory Alpha LLC now owns 2,087 shares of the company’s stock valued at $274,000 after acquiring an additional 188 shares during the period. Eads & Heald Wealth Management boosted its holdings in shares of Kimberly-Clark by 7.5% during the fourth quarter. Eads & Heald Wealth Management now owns 5,739 shares of the company’s stock valued at $752,000 after acquiring an additional 402 shares during the period. Finally, Simon Quick Advisors LLC boosted its holdings in shares of Kimberly-Clark by 183.4% during the fourth quarter. Simon Quick Advisors LLC now owns 4,313 shares of the company’s stock valued at $565,000 after acquiring an additional 2,791 shares during the period. 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.