Kimberly-Clark (NYSE:KMB) Price Target Cut to $124.00 by Analysts at JPMorgan Chase & Co.

Kimberly-Clark (NYSE:KMB) had its target price decreased by JPMorgan Chase & Co. from $140.00 to $124.00 in a report published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Several other equities analysts also recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research note on Wednesday, January 8th. UBS Group reduced their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company decreased their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Citigroup cut their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $144.57.

Kimberly-Clark Trading Up 0.9 %

KMB stock opened at $126.66 on Thursday. Kimberly-Clark has a 1-year low of $117.67 and a 1-year high of $149.30. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The business’s 50 day moving average is $132.64 and its 200-day moving average is $138.13. The firm has a market cap of $42.24 billion, a P/E ratio of 16.43, a P/E/G ratio of 2.69 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same period in the prior year, the company posted $1.74 earnings per share. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities analysts anticipate that Kimberly-Clark will post 7.31 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is currently owned by company insiders.

Institutional Trading of Kimberly-Clark

Hedge funds have recently modified their holdings of the company. Citizens Financial Group Inc. RI grew its holdings in shares of Kimberly-Clark by 28.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 2,069 shares of the company’s stock valued at $288,000 after buying an additional 458 shares during the period. Edgestream Partners L.P. acquired a new position in Kimberly-Clark in the second quarter valued at about $731,000. Vanguard Personalized Indexing Management LLC raised its position in shares of Kimberly-Clark by 31.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 36,820 shares of the company’s stock worth $5,027,000 after purchasing an additional 8,914 shares during the period. Blair William & Co. IL lifted its holdings in shares of Kimberly-Clark by 43.8% during the 2nd quarter. Blair William & Co. IL now owns 185,646 shares of the company’s stock valued at $25,656,000 after purchasing an additional 56,519 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co grew its position in shares of Kimberly-Clark by 5.3% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 29,388 shares of the company’s stock valued at $4,061,000 after purchasing an additional 1,473 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

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.