Kimberly-Clark (NYSE:KMB) Price Target Cut to $151.00 by Analysts at UBS Group

Kimberly-Clark (NYSE:KMB) had its target price cut by UBS Group from $153.00 to $151.00 in a research report released on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued reports about the company. Argus upgraded Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Piper Sandler upped their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Barclays lifted their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Finally, StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Price Performance

Shares of KMB opened at $136.89 on Wednesday. The firm has a 50-day simple moving average of $143.18 and a two-hundred day simple moving average of $138.66. The stock has a market cap of $46.09 billion, a PE ratio of 25.16, a P/E/G ratio of 2.98 and a beta of 0.39. Kimberly-Clark has a 1-year low of $116.63 and a 1-year high of $149.30. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $1.74 EPS. As a group, analysts forecast that Kimberly-Clark will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were paid a $1.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.56%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 89.71%.

Insider Transactions at Kimberly-Clark

In related news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.62% of the company’s stock.

Institutional Trading of Kimberly-Clark

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Kimberly-Clark by 12.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 240,515 shares of the company’s stock worth $34,283,000 after purchasing an additional 26,795 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of Kimberly-Clark by 55.5% during the third quarter. Ballentine Partners LLC now owns 19,310 shares of the company’s stock valued at $2,747,000 after buying an additional 6,888 shares during the period. Busey Bank boosted its position in Kimberly-Clark by 9.5% during the third quarter. Busey Bank now owns 5,313 shares of the company’s stock worth $756,000 after acquiring an additional 463 shares during the last quarter. Dakota Wealth Management raised its holdings in Kimberly-Clark by 7.5% in the 3rd quarter. Dakota Wealth Management now owns 22,746 shares of the company’s stock valued at $3,237,000 after acquiring an additional 1,578 shares during the last quarter. Finally, apricus wealth LLC grew its position in shares of Kimberly-Clark by 4.2% in the third quarter. apricus wealth LLC now owns 6,396 shares of the company’s stock valued at $910,000 after purchasing an additional 255 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

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.