Kimberly-Clark (NYSE:KMB) Price Target Increased to $152.00 by Analysts at The Goldman Sachs Group

Kimberly-Clark (NYSE:KMB) had its price objective raised by analysts at The Goldman Sachs Group from $135.00 to $152.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 10.66% from the stock’s previous close.

Other analysts have also issued reports about the stock. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and increased their target price for the company from $133.00 to $150.00 in a research note on Thursday, March 28th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Barclays increased their price target on shares of Kimberly-Clark from $124.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Piper Sandler raised their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $133.38.

Kimberly-Clark Stock Up 1.0 %

Kimberly-Clark stock traded up $1.32 during trading on Wednesday, reaching $137.36. 1,054,083 shares of the company’s stock were exchanged, compared to its average volume of 2,190,500. The company’s 50-day moving average is $124.78 and its two-hundred day moving average is $122.55. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82. Kimberly-Clark has a 52-week low of $116.32 and a 52-week high of $147.87. The firm has a market cap of $46.28 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 3.83 and a beta of 0.40.

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

Insider Activity

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

Institutional Trading of Kimberly-Clark

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Essex Financial Services Inc. lifted its stake in Kimberly-Clark by 2.1% in the first quarter. Essex Financial Services Inc. now owns 3,923 shares of the company’s stock worth $507,000 after acquiring an additional 82 shares during the period. First National Bank of Mount Dora Trust Investment Services boosted its position in Kimberly-Clark by 1.7% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 4,817 shares of the company’s stock worth $623,000 after purchasing an additional 82 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in Kimberly-Clark by 2.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 3,860 shares of the company’s stock worth $456,000 after purchasing an additional 84 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Kimberly-Clark by 5.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,745 shares of the company’s stock worth $212,000 after purchasing an additional 88 shares during the last quarter. Finally, Core Wealth Partners LLC boosted its position in Kimberly-Clark by 3.6% in the first quarter. Core Wealth Partners LLC now owns 2,547 shares of the company’s stock worth $329,000 after purchasing an additional 88 shares during 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.