Citigroup Boosts Kimberly-Clark (NYSE:KMB) Price Target to $125.00

Kimberly-Clark (NYSE:KMB) had its price objective raised by Citigroup from $111.00 to $125.00 in a research note published on Wednesday, Benzinga reports. Citigroup currently has a sell rating on the stock.

KMB has been the subject of several other reports. UBS Group lifted their target price on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a neutral rating in a report on Wednesday. HSBC raised their price target on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a hold rating in a research report on Wednesday. Bank of America raised their price target on shares of Kimberly-Clark from $110.00 to $115.00 and gave the company an underperform rating in a research report on Wednesday. The Goldman Sachs Group raised their price target on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a buy rating in a research report on Wednesday. Finally, Wells Fargo & Company raised their price target on shares of Kimberly-Clark from $131.00 to $136.00 and gave the company an equal weight rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $134.85.

Kimberly-Clark Price Performance

KMB stock opened at $135.24 on Wednesday. The firm has a 50 day moving average price of $125.86 and a 200-day moving average price of $122.87. Kimberly-Clark has a 52-week low of $116.32 and a 52-week high of $147.09. The firm has a market capitalization of $45.54 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 3.90 and a beta of 0.40. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81.

Kimberly-Clark (NYSE:KMB) last released its earnings results 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. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same period last year, the business earned $1.67 earnings per share. The business’s revenue was down .9% on a year-over-year basis. Equities research analysts forecast that Kimberly-Clark will post 6.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares of the company’s stock, valued at approximately $109,050.15. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Kimberly-Clark 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, with a total value of $100,050.46. Following the transaction, the director now directly owns 827 shares in the company, valued at approximately $100,050.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. OFI Invest Asset Management purchased a new position in shares of Kimberly-Clark during the 3rd quarter valued at $25,000. Rise Advisors LLC lifted its stake in Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares in the last quarter. Cranbrook Wealth Management LLC lifted its stake in Kimberly-Clark by 90.9% in the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Accordant Advisory Group Inc purchased a new stake in Kimberly-Clark in the 1st quarter worth $27,000. Finally, Centerpoint Advisors LLC lifted its stake in Kimberly-Clark by 175.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after purchasing 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.