Kimberly-Clark (NYSE:KMB) Price Target Raised to $147.00 at Deutsche Bank Aktiengesellschaft

Kimberly-Clark (NYSE:KMB) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $146.00 to $147.00 in a research report report published on Tuesday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other research firms also recently weighed in on KMB. Royal Bank of Canada reiterated an outperform rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $138.00 to $134.00 and set an equal weight rating for the company in a report on Wednesday, July 24th. Argus upgraded Kimberly-Clark to a hold rating in a report on Friday, July 26th. Barclays decreased their price objective on Kimberly-Clark from $136.00 to $135.00 and set an equal weight rating for the company in a report on Friday, July 19th. Finally, Piper Sandler lifted their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the company an overweight rating in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $147.07.

Kimberly-Clark Stock Up 0.8 %

NYSE:KMB opened at $142.25 on Tuesday. Kimberly-Clark has a twelve month low of $116.63 and a twelve month high of $149.30. The company has a market cap of $47.91 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39. The stock has a fifty day simple moving average of $142.55 and a 200-day simple moving average of $137.59. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the company earned $1.65 earnings per share. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts anticipate that Kimberly-Clark will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.43%. Kimberly-Clark’s payout ratio is 72.30%.

Insider Transactions at Kimberly-Clark

In other news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now owns 19,935 shares in the company, valued at $2,819,207.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Kimberly-Clark

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Kimberly-Clark by 19.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after purchasing an additional 944,920 shares during the period. Capital World Investors grew its stake in shares of Kimberly-Clark by 17.8% during the 1st quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock worth $293,559,000 after purchasing an additional 342,790 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Kimberly-Clark by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after purchasing an additional 354,501 shares during the period. Nordea Investment Management AB grew its stake in shares of Kimberly-Clark by 2.9% during the 1st quarter. Nordea Investment Management AB now owns 1,720,051 shares of the company’s stock worth $222,093,000 after purchasing an additional 48,103 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of Kimberly-Clark by 48.4% during the 2nd quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after purchasing an additional 503,839 shares during the period. Institutional investors and hedge funds 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.