Kimberly-Clark Corporation (NASDAQ:KMB) Receives $114.93 Consensus Target Price from Brokerages

Shares of Kimberly-Clark Corporation (NASDAQ:KMB) have earned a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $114.9286.

Several equities research analysts recently weighed in on KMB shares. Piper Sandler reduced their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Bank of America decreased their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft dropped their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, UBS Group boosted their price objective on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th.

Insiders Place Their Bets

In related news, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider directly owned 8,362 shares in the company, valued at approximately $797,233.08. This represents a 16.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in shares of Kimberly-Clark by 26,997.7% in the 4th quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock worth $743,399,000 after buying an additional 7,341,215 shares during the last quarter. Norges Bank purchased a new stake in Kimberly-Clark during the fourth quarter valued at approximately $521,184,000. Massachusetts Financial Services Co. MA grew its position in Kimberly-Clark by 50.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after purchasing an additional 2,628,206 shares during the last quarter. KBC Group NV increased its stake in Kimberly-Clark by 459.9% during the 1st quarter. KBC Group NV now owns 1,695,768 shares of the company’s stock valued at $163,591,000 after purchasing an additional 1,392,873 shares in the last quarter. Finally, State Street Corp increased its stake in Kimberly-Clark by 5.0% during the 3rd quarter. State Street Corp now owns 20,830,890 shares of the company’s stock valued at $2,615,382,000 after purchasing an additional 997,397 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $98.31 on Monday. The stock has a market cap of $32.63 billion, a P/E ratio of 15.43, a PEG ratio of 4.70 and a beta of 0.29. The company’s fifty day simple moving average is $99.59 and its two-hundred day simple moving average is $103.00. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. Kimberly-Clark has a 52 week low of $92.42 and a 52 week high of $144.30.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the business earned $1.93 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts predict that Kimberly-Clark will post 7.48 EPS for the current fiscal year.

About Kimberly-Clark

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.