Kimberly-Clark (NASDAQ:KMB) Stock Gets Price Target Increase from BNP Paribas Exane

Kimberly-Clark (NASDAQ:KMB) had its price objective upped by stock analysts at BNP Paribas Exane from $110.00 to $112.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. BNP Paribas Exane‘s price target would suggest a potential downside of 0.03% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. UBS Group raised their price objective on shares of Kimberly-Clark from $106.00 to $113.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Piper Sandler upped their price target on shares of Kimberly-Clark from $118.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday. DA Davidson upped their price target on Kimberly-Clark from $106.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Wells Fargo & Company raised their price objective on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $113.20.

Kimberly-Clark Stock Up 3.3%

Shares of KMB traded up $3.60 during mid-day trading on Monday, hitting $112.03. 2,130,882 shares of the company’s stock were exchanged, compared to its average volume of 4,980,199. The company has a market cap of $37.26 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 5.78 and a beta of 0.25. Kimberly-Clark has a fifty-two week low of $92.42 and a fifty-two week high of $116.82. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.89. The stock’s 50-day moving average is $102.59 and its 200-day moving average is $103.23.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Thursday, November 5th. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.65 by $0.05. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.13 billion. Kimberly-Clark had a net margin of 19.93% and a return on equity of 114.93%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.82 earnings per share. On average, sell-side analysts anticipate that Kimberly-Clark will post 7.38 earnings per share for the current fiscal year.

Institutional Trading of Kimberly-Clark

A number of hedge funds have recently bought and sold shares of KMB. Bessemer Group Inc. grew its stake in Kimberly-Clark by 24.9% in the 3rd quarter. Bessemer Group Inc. now owns 16,705 shares of the company’s stock worth $1,626,000 after acquiring an additional 3,329 shares during the period. IFG Advisory LLC lifted its stake in shares of Kimberly-Clark by 27.9% during the 3rd quarter. IFG Advisory LLC now owns 9,153 shares of the company’s stock worth $892,000 after purchasing an additional 1,995 shares during the period. Phoenix Financial Ltd. lifted its stake in shares of Kimberly-Clark by 23.5% during the 3rd quarter. Phoenix Financial Ltd. now owns 4,150 shares of the company’s stock worth $410,000 after purchasing an additional 791 shares during the period. Valmark Advisers Inc. boosted its holdings in shares of Kimberly-Clark by 8.0% during the third quarter. Valmark Advisers Inc. now owns 2,675 shares of the company’s stock worth $261,000 after purchasing an additional 198 shares during the last quarter. Finally, Money Concepts Capital Corp boosted its holdings in shares of Kimberly-Clark by 12.2% during the third quarter. Money Concepts Capital Corp now owns 74,671 shares of the company’s stock worth $7,275,000 after purchasing an additional 8,097 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Company Profile