UBS Group Issues Pessimistic Forecast for Kimberly-Clark (NASDAQ:KMB) Stock Price

Kimberly-Clark (NASDAQ:KMB) had its price objective decreased by analysts at UBS Group from $110.00 to $105.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 12.69% from the stock’s previous close.

A number of other brokerages also recently issued reports on KMB. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Piper Sandler reduced their price target on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Citigroup reduced their price target on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a report on Wednesday, January 14th. Barclays set a $102.00 price target on Kimberly-Clark in a report on Friday, January 16th. Finally, Wells Fargo & Company set a $110.00 price target on Kimberly-Clark in a report on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $115.46.

Kimberly-Clark Trading Down 3.9%

KMB stock traded down $3.81 during midday trading on Tuesday, reaching $93.18. 5,914,354 shares of the company traded hands, compared to its average volume of 5,748,986. Kimberly-Clark has a 52-week low of $92.42 and a 52-week high of $144.30. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The business has a 50 day moving average of $102.90 and a 200-day moving average of $106.59. The firm has a market capitalization of $30.93 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 3.52 and a beta of 0.28.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the prior year, the business posted $1.50 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that Kimberly-Clark will post 7.5 earnings per share for the current fiscal year.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.64% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cloud Capital Management LLC bought a new position in Kimberly-Clark in the third quarter worth approximately $25,000. Godfrey Financial Associates Inc. bought a new position in Kimberly-Clark in the fourth quarter worth approximately $25,000. True Wealth Design LLC boosted its position in Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 135 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark during the 2nd quarter valued at $27,000. Finally, CrossGen Wealth LLC bought a new stake in Kimberly-Clark during the 4th quarter valued at $27,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.