JPMorgan Chase & Co. Boosts Kimberly-Clark (NYSE:KMB) Price Target to $135.00

Kimberly-Clark (NYSE:KMB) had its price objective boosted by research analysts at JPMorgan Chase & Co. from $123.00 to $135.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 0.64% from the company’s previous close.

KMB has been the subject of several other reports. Citigroup increased their price objective on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their price objective for the company from $115.00 to $160.00 in a research note on Thursday, June 13th. The Goldman Sachs Group upped their target price on shares of Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and raised their price target for the company from $133.00 to $150.00 in a research report on Thursday, March 28th. Finally, Piper Sandler upped their price objective on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $145.27.

Kimberly-Clark Stock Down 5.7 %

Shares of NYSE KMB opened at $135.87 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The firm has a market cap of $45.75 billion, a PE ratio of 24.98, a P/E/G ratio of 3.20 and a beta of 0.37. The company’s fifty day simple moving average is $137.40 and its 200 day simple moving average is $129.90. Kimberly-Clark has a 12-month low of $116.32 and a 12-month 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 the consensus estimate of $1.67 by $0.29. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the business earned $1.65 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Kimberly-Clark will post 7.07 earnings per share for the current fiscal year.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Drexler sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total value of $342,075.00. Following the completion of the transaction, the vice president now directly owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the transaction, the vice president now owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Katy Chen sold 454 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $135.24, for a total transaction of $61,398.96. Following the transaction, the insider now owns 520 shares of the company’s stock, valued at $70,324.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,217 shares of company stock worth $1,936,660. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BKM Wealth Management LLC purchased a new position in Kimberly-Clark in the fourth quarter worth $91,000. SG Americas Securities LLC raised its holdings in shares of Kimberly-Clark by 111.7% during the 4th quarter. SG Americas Securities LLC now owns 28,218 shares of the company’s stock valued at $3,429,000 after buying an additional 14,891 shares in the last quarter. CVA Family Office LLC bought a new stake in Kimberly-Clark in the 4th quarter worth approximately $76,000. Pacer Advisors Inc. boosted its stake in Kimberly-Clark by 439.7% in the fourth quarter. Pacer Advisors Inc. now owns 145,665 shares of the company’s stock worth $17,700,000 after buying an additional 118,675 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its position in Kimberly-Clark by 154.1% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 7,356 shares of the company’s stock valued at $894,000 after acquiring an additional 4,461 shares during the last quarter. 76.29% of the stock is currently owned by 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.