Kimberly-Clark (NYSE:KMB) Price Target Increased to $150.00 by Analysts at HSBC

Kimberly-Clark (NYSE:KMB) had its price objective raised by HSBC from $146.00 to $150.00 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other research analysts have also weighed in on KMB. Wells Fargo & Company upped their target price on Kimberly-Clark from $131.00 to $136.00 and gave the stock an equal weight rating in a research report on Wednesday. UBS Group upped their target price on Kimberly-Clark from $135.00 to $138.00 and gave the stock a neutral rating in a research report on Wednesday. Bank of America upped their target price on Kimberly-Clark from $110.00 to $115.00 and gave the stock an underperform rating in a research report on Wednesday. Royal Bank of Canada upped their target price on Kimberly-Clark from $123.00 to $126.00 and gave the stock a sector perform rating in a research report on Wednesday. Finally, The Goldman Sachs Group upped their target price on Kimberly-Clark from $135.00 to $152.00 and gave the stock a buy rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $134.85.

Kimberly-Clark Trading Down 0.9 %

Shares of NYSE KMB opened at $135.24 on Wednesday. The company has a market cap of $45.54 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 3.90 and a beta of 0.40. Kimberly-Clark has a 12 month low of $116.32 and a 12 month high of $147.09. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The business has a fifty day simple moving average of $125.86 and a 200-day simple moving average of $122.87.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.40. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. Kimberly-Clark’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 earnings per share. Sell-side analysts predict that Kimberly-Clark will post 6.98 EPS for the current year.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, Director Mark T. Smucker bought 827 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the purchase, the director now directly owns 827 shares in the company, valued at $100,050.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Mark T. Smucker acquired 827 shares of Kimberly-Clark stock in a transaction on Monday, January 29th. The stock was bought at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the transaction, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 795 shares of the company’s stock, valued at approximately $109,050.15. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kimberly-Clark

Several hedge funds and other institutional investors have recently modified their holdings of KMB. Exchange Traded Concepts LLC lifted its position in shares of Kimberly-Clark by 140.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 32,265 shares of the company’s stock worth $3,899,000 after buying an additional 18,860 shares during the period. Private Trust Co. NA increased its holdings in Kimberly-Clark by 2.5% during the 3rd quarter. Private Trust Co. NA now owns 6,467 shares of the company’s stock valued at $782,000 after purchasing an additional 160 shares in the last quarter. Ballast Inc. increased its holdings in Kimberly-Clark by 3.2% during the 3rd quarter. Ballast Inc. now owns 9,558 shares of the company’s stock valued at $1,155,000 after purchasing an additional 298 shares in the last quarter. SS&H Financial Advisors Inc. acquired a new stake in Kimberly-Clark during the 3rd quarter valued at $870,000. Finally, Keudell Morrison Wealth Management increased its holdings in Kimberly-Clark by 5.9% during the 3rd quarter. Keudell Morrison Wealth Management now owns 3,898 shares of the company’s stock valued at $471,000 after purchasing an additional 216 shares in the last quarter. 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.