HSBC Raises Kimberly-Clark (NYSE:KMB) Price Target to $150.00

Kimberly-Clark (NYSE:KMB) had its price objective upped by HSBC from $146.00 to $150.00 in a report issued on Wednesday, Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts have also recently issued reports on KMB. StockNews.com upgraded shares of Kimberly-Clark from a hold rating to a buy rating in a research report on Thursday, April 11th. Barclays boosted their price objective on shares of Kimberly-Clark from $124.00 to $132.00 and gave the company an equal weight rating in a research report on Friday, April 12th. Evercore ISI upgraded shares of Kimberly-Clark from an in-line rating to an outperform rating and boosted their price objective for the company from $133.00 to $150.00 in a research report on Thursday, March 28th. JPMorgan Chase & Co. boosted their price objective on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an underweight rating in a research report on Wednesday. Finally, Royal Bank of Canada boosted their price objective on shares of Kimberly-Clark from $123.00 to $126.00 and gave the company a sector perform rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $134.85.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $135.24 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The company has a market capitalization of $45.54 billion, a PE ratio of 24.86, a P/E/G ratio of 3.86 and a beta of 0.40. The firm has a fifty day simple moving average of $125.86 and a two-hundred day simple moving average of $122.89. Kimberly-Clark has a twelve month low of $116.32 and a twelve month high of $147.09.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping 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 business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Research analysts expect that Kimberly-Clark will post 7 EPS for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Kimberly-Clark

Hedge funds and other institutional investors have recently bought and sold shares of the business. OFI Invest Asset Management purchased a new stake in Kimberly-Clark in the third quarter worth about $25,000. Rise Advisors LLC lifted its stake in shares of Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after buying an additional 176 shares in the last quarter. Cranbrook Wealth Management LLC lifted its stake in shares of Kimberly-Clark by 90.9% in the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Accordant Advisory Group Inc bought a new position in shares of Kimberly-Clark in the first quarter worth approximately $27,000. Finally, Centerpoint Advisors LLC lifted its stake in shares of Kimberly-Clark by 175.0% in the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after buying an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Company Profile

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.