Deutsche Bank Aktiengesellschaft Increases Kimberly-Clark (NYSE:KMB) Price Target to $132.00

Kimberly-Clark (NYSE:KMB) had its target price boosted by analysts at Deutsche Bank Aktiengesellschaft from $127.00 to $132.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 1.79% from the stock’s current price.

Several other research analysts have also recently weighed in on KMB. Barclays decreased their price objective on shares of Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Friday, January 26th. Evercore ISI upgraded shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and increased their price target for the company from $133.00 to $150.00 in a research report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Kimberly-Clark from $119.00 to $125.00 and gave the company an “underweight” rating in a research report on Thursday, January 18th. Piper Sandler increased their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Bank of America cut shares of Kimberly-Clark from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $135.00 to $115.00 in a report on Friday, December 15th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $132.27.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock traded up $2.41 on Thursday, reaching $129.68. The stock had a trading volume of 1,881,460 shares, compared to its average volume of 2,106,414. Kimberly-Clark has a 1 year low of $116.32 and a 1 year high of $147.87. The company has a market cap of $43.69 billion, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 3.96 and a beta of 0.40. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 6.94. The business’s 50 day moving average is $122.41 and its two-hundred day moving average is $121.95.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the previous year, the company posted $1.54 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. As a group, research analysts anticipate that Kimberly-Clark will post 6.83 EPS for the current year.

Insider Activity

In related news, insider Tristram Wilkinson sold 3,720 shares of Kimberly-Clark stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Mark T. Smucker bought 827 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were acquired 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 the SEC website. Also, insider Tristram Wilkinson sold 3,720 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the transaction, the insider now owns 17,229 shares in the company, valued at approximately $2,084,709. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Kimberly-Clark

Hedge funds and other institutional investors have recently made changes to their positions in the company. West Tower Group LLC purchased a new position in Kimberly-Clark during the second quarter worth approximately $25,000. OFI Invest Asset Management purchased a new position in Kimberly-Clark during the third quarter worth approximately $25,000. DHJJ Financial Advisors Ltd. purchased a new position in Kimberly-Clark during the third quarter worth approximately $26,000. Cranbrook Wealth Management LLC lifted its position in Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Finally, Centerpoint Advisors LLC lifted its position in Kimberly-Clark by 175.0% during the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after buying an additional 175 shares in the last quarter. Hedge funds and other 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.