Kimberly-Clark (NYSE:KMB) Given New $123.00 Price Target at JPMorgan Chase & Co.

Kimberly-Clark (NYSE:KMB) had its target price lifted by JPMorgan Chase & Co. from $115.00 to $123.00 in a research report sent to investors on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

A number of other analysts also recently issued reports on the company. StockNews.com raised Kimberly-Clark from a hold rating to a buy rating in a research note on Thursday, April 11th. Barclays raised their target price on Kimberly-Clark from $124.00 to $132.00 and gave the stock an equal weight rating in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft raised their target price on Kimberly-Clark from $127.00 to $132.00 and gave the stock a hold rating in a research note on Thursday, March 28th. HSBC raised their target price on Kimberly-Clark from $134.00 to $146.00 and gave the stock a hold rating in a research note on Thursday, March 28th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and issued a $123.00 target price on shares of Kimberly-Clark in a research note on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $134.85.

Kimberly-Clark Trading Down 0.9 %

Shares of KMB stock opened at $135.24 on Wednesday. The stock’s fifty day moving average is $125.86 and its two-hundred day moving average is $122.89. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The firm has a market capitalization of $45.54 billion, a P/E ratio of 24.86, a PEG ratio of 3.86 and a beta of 0.40. Kimberly-Clark has a fifty-two week low of $116.32 and a fifty-two week high of $147.09.

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. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 EPS. Research analysts expect that Kimberly-Clark will post 7 earnings per share for the current fiscal year.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the transaction, the insider now directly owns 795 shares of the company’s stock, valued at approximately $109,050.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the transaction, the insider now directly owns 795 shares of the company’s stock, valued at approximately $109,050.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark T. Smucker bought 827 shares of the company’s stock in a transaction on Monday, January 29th. The stock was purchased at an average cost of $120.98 per share, with a total value of $100,050.46. Following the completion of the transaction, the director now owns 827 shares in the company, valued at $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kimberly-Clark

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC grew its position in shares of Kimberly-Clark by 204.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock worth $2,500,000 after buying an additional 13,806 shares in the last quarter. PFG Investments LLC grew its position in shares of Kimberly-Clark by 11.2% during the third quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock worth $252,000 after buying an additional 209 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of Kimberly-Clark during the fourth quarter worth about $4,253,000. Rockline Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth about $1,661,000. Finally, Nordea Investment Management AB grew its position in shares of Kimberly-Clark by 28.3% during the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock worth $202,740,000 after buying an additional 368,505 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

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.