Kimberly-Clark (NYSE:KMB) Price Target Increased to $152.00 by Analysts at The Goldman Sachs Group

Kimberly-Clark (NYSE:KMB) had its price target hoisted by research analysts at The Goldman Sachs Group from $135.00 to $152.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 10.66% from the stock’s current price.

KMB has been the topic of several other research reports. HSBC increased their target price on Kimberly-Clark from $134.00 to $146.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. increased their target price on Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research report on Wednesday. Wells Fargo & Company raised their price objective on Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Piper Sandler raised their price objective on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Finally, StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $133.38.

Kimberly-Clark Price Performance

Kimberly-Clark stock traded up $1.32 during midday trading on Wednesday, reaching $137.36. 1,054,083 shares of the stock traded hands, compared to its average volume of 2,190,500. The stock’s fifty day moving average is $124.78 and its 200-day moving average is $122.55. Kimberly-Clark has a 12 month low of $116.32 and a 12 month high of $147.87. The stock has a market cap of $46.28 billion, a P/E ratio of 26.22, a PEG ratio of 3.83 and a beta of 0.40. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 6.94.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities research analysts anticipate that Kimberly-Clark will post 6.84 EPS for the current year.

Insider Buying and Selling

In other news, Director Mark T. Smucker purchased 827 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were bought at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the purchase, the director now directly owns 827 shares of the company’s stock, valued at $100,050.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Kimberly-Clark news, Director Mark T. Smucker purchased 827 shares of the business’s stock in a transaction on Monday, January 29th. The shares were bought at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the purchase, the director now directly owns 827 shares in the company, valued at $100,050.46. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tristram Wilkinson sold 3,720 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the sale, the insider now owns 17,229 shares in the company, valued at $2,084,709. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kimberly-Clark

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Kimberly-Clark by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock valued at $869,090,000 after purchasing an additional 177,712 shares in the last quarter. American Century Companies Inc. boosted its holdings in Kimberly-Clark by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after purchasing an additional 641,187 shares in the last quarter. Morgan Stanley boosted its holdings in Kimberly-Clark by 4.6% in the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock valued at $590,345,000 after purchasing an additional 212,739 shares in the last quarter. Northern Trust Corp boosted its holdings in Kimberly-Clark by 4.0% in the 3rd quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock valued at $489,650,000 after purchasing an additional 155,066 shares in the last quarter. Finally, Norges Bank purchased a new stake in Kimberly-Clark in the 4th quarter valued at approximately $437,420,000. Hedge funds and other institutional investors 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.