Kimberly-Clark (NYSE:KMB) PT Raised to $123.00 at JPMorgan Chase & Co.

Kimberly-Clark (NYSE:KMB) had its target price upped by equities researchers at JPMorgan Chase & Co. from $115.00 to $123.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 10.45% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. The Goldman Sachs Group began coverage on Kimberly-Clark in a research note on Friday, March 1st. They set a “buy” rating and a $135.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their price target on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a report on Thursday, March 28th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. HSBC upped their target price on Kimberly-Clark from $134.00 to $146.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Finally, Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $133.00 to $150.00 in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $133.38.

Kimberly-Clark Price Performance

NYSE:KMB traded up $1.32 during trading hours on Wednesday, hitting $137.36. 1,054,083 shares of the company’s stock traded hands, compared to its average volume of 2,190,500. The firm has a market cap of $46.28 billion, a P/E ratio of 26.22, a P/E/G ratio of 3.83 and a beta of 0.40. Kimberly-Clark has a 52 week low of $116.32 and a 52 week high of $147.87. The business’s fifty day simple moving average is $124.78 and its two-hundred day simple moving average is $122.55. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 6.94.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company earned $1.67 earnings per share. On average, research analysts anticipate that Kimberly-Clark will post 6.84 earnings per share for the current fiscal year.

Insider Transactions at Kimberly-Clark

In other news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the sale, the insider now directly owns 17,229 shares in the company, valued at approximately $2,084,709. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Mark T. Smucker acquired 827 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was purchased at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the transaction, the director now directly owns 827 shares in the company, valued at approximately $100,050.46. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Tristram Wilkinson sold 3,720 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the transaction, the insider now owns 17,229 shares of the company’s stock, valued at approximately $2,084,709. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC lifted its holdings in shares of Kimberly-Clark by 204.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock valued at $2,500,000 after acquiring an additional 13,806 shares during the last quarter. PFG Investments LLC lifted its stake in Kimberly-Clark by 11.2% in the third quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock worth $252,000 after purchasing an additional 209 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in Kimberly-Clark in the fourth quarter worth about $4,253,000. Rockline Wealth Management LLC bought a new stake in Kimberly-Clark in the fourth quarter worth about $1,661,000. Finally, Nordea Investment Management AB lifted its stake in Kimberly-Clark by 28.3% in the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock worth $202,740,000 after purchasing an additional 368,505 shares during the last quarter. Institutional investors 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.