Kimberly-Clark (NYSE:KMB) PT Raised to $142.00 at Deutsche Bank Aktiengesellschaft

Kimberly-Clark (NYSE:KMB) had its price objective increased by equities research analysts at Deutsche Bank Aktiengesellschaft from $139.00 to $142.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 1.83% from the stock’s previous close.

A number of other analysts also recently commented on the stock. HSBC increased their price objective on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. BNP Paribas began coverage on Kimberly-Clark in a research report on Monday, June 24th. They set a “neutral” rating and a $146.00 price objective on the stock. Wells Fargo & Company dropped their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday. Piper Sandler lifted their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Bank of America raised shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and boosted their price target for the company from $115.00 to $160.00 in a research report on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $145.67.

Kimberly-Clark Price Performance

KMB traded up $3.57 during midday trading on Wednesday, hitting $139.45. 1,544,112 shares of the company traded hands, compared to its average volume of 2,149,620. The company has a market capitalization of $46.95 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 3.20 and a beta of 0.37. The business has a 50 day simple moving average of $137.40 and a two-hundred day simple moving average of $129.90. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. Kimberly-Clark has a 52-week low of $116.32 and a 52-week high of $145.62.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.28. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the firm posted $1.65 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities analysts forecast that Kimberly-Clark will post 7.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 6,390 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $135.59, for a total value of $866,420.10. Following the completion of the transaction, the insider now owns 33,649 shares of the company’s stock, valued at approximately $4,562,467.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Jeffrey P. Melucci sold 6,390 shares of Kimberly-Clark stock in a transaction on Monday, April 29th. The stock was sold at an average price of $135.59, for a total value of $866,420.10. Following the completion of the transaction, the insider now directly owns 33,649 shares in the company, valued at $4,562,467.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Doug Cunningham sold 1,040 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.86, for a total value of $142,334.40. Following the sale, the insider now owns 3,833 shares in the company, valued at approximately $524,584.38. The disclosure for this sale can be found here. Insiders have sold a total of 14,217 shares of company stock valued at $1,936,660 in the last ninety days. Company insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Kimberly-Clark

A number of large investors have recently modified their holdings of the company. CX Institutional grew its stake in shares of Kimberly-Clark by 1.2% during the second quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after purchasing an additional 71 shares in the last quarter. Capital Investment Counsel Inc lifted its stake in Kimberly-Clark by 0.8% during the first quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock worth $1,296,000 after purchasing an additional 75 shares during the last quarter. Connecticut Wealth Management LLC boosted its holdings in Kimberly-Clark by 4.6% in the first quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock valued at $227,000 after purchasing an additional 77 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. increased its stake in Kimberly-Clark by 1.6% in the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,093 shares of the company’s stock valued at $659,000 after purchasing an additional 81 shares during the last quarter. Finally, Essex Financial Services Inc. raised its holdings in Kimberly-Clark by 2.1% during the first quarter. Essex Financial Services Inc. now owns 3,923 shares of the company’s stock worth $507,000 after purchasing an additional 82 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

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.