Wells Fargo & Company Boosts Kimberly-Clark (NYSE:KMB) Price Target to $136.00

Kimberly-Clark (NYSE:KMB) had its target price increased by Wells Fargo & Company from $131.00 to $136.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an equal weight rating on the stock.

KMB has been the topic of a number of other reports. Barclays increased their price objective on Kimberly-Clark from $124.00 to $132.00 and gave the company an equal weight rating in a report on Friday, April 12th. Piper Sandler increased their price objective on Kimberly-Clark from $145.00 to $152.00 and gave the company an overweight rating in a report on Thursday, March 28th. StockNews.com raised Kimberly-Clark from a hold rating to a buy rating in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft increased their price objective on Kimberly-Clark from $127.00 to $132.00 and gave the company a hold rating in a report on Thursday, March 28th. Finally, The Goldman Sachs Group assumed coverage on Kimberly-Clark in a report on Friday, March 1st. They set a buy rating and a $135.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $134.85.

Kimberly-Clark Stock Down 0.9 %

Shares of KMB stock opened at $135.24 on Wednesday. Kimberly-Clark has a 1-year low of $116.32 and a 1-year high of $147.09. The stock’s fifty day moving average price is $125.86 and its 200 day moving average price is $122.87. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. The company has a market cap of $45.54 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 3.90 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. The business 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%. The company’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $1.67 earnings per share. On average, research analysts expect that Kimberly-Clark will post 6.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kimberly-Clark news, Director Mark T. Smucker purchased 827 shares of the stock in a transaction on Monday, January 29th. The shares were bought at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the transaction, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, 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 in the company, valued at $109,050.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark T. Smucker bought 827 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kimberly-Clark

Several hedge funds and other institutional investors have recently made changes to their positions in KMB. OFI Invest Asset Management purchased a new position in shares of Kimberly-Clark in the third quarter valued at approximately $25,000. Rise Advisors LLC lifted its position in shares of Kimberly-Clark by 926.3% in the first 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 lifted its position in shares of Kimberly-Clark by 90.9% in the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Accordant Advisory Group Inc purchased a new position in shares of Kimberly-Clark in the first quarter valued at approximately $27,000. Finally, Centerpoint Advisors LLC lifted its position in shares of Kimberly-Clark by 175.0% in the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock valued at $33,000 after acquiring an additional 175 shares in the last quarter. 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.