Piper Sandler Reaffirms “Overweight” Rating for Kimberly-Clark (NYSE:KMB)

Kimberly-Clark (NYSE:KMB)‘s stock had its “overweight” rating restated by equities research analysts at Piper Sandler in a research report issued on Wednesday,Benzinga reports. They presently have a $158.00 price objective on the stock, down from their prior price objective of $161.00. Piper Sandler’s price target suggests a potential upside of 20.81% from the stock’s current price.

A number of other research firms also recently issued reports on KMB. UBS Group decreased their price objective on Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Citigroup reduced their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research note on Wednesday, January 8th. Finally, Barclays cut their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $143.64.

Kimberly-Clark Price Performance

NYSE KMB opened at $130.78 on Wednesday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The stock has a market cap of $43.61 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 3.53 and a beta of 0.41. The business has a 50 day simple moving average of $131.50 and a 200 day simple moving average of $137.36. Kimberly-Clark has a 52-week low of $117.67 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Analysts anticipate that Kimberly-Clark will post 7.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kimberly-Clark during the fourth quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the 3rd quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. boosted its holdings in Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after acquiring an additional 202 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at approximately $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $33,000. 76.29% of the stock is owned by 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.