Kimberly Clark (NYSE:KMB) PT Set at $119.00 by Barclays

Kimberly Clark (NYSE:KMB) received a $119.00 target price from analysts at Barclays in a report released on Thursday, March 15th. The brokerage presently has a “hold” rating on the stock. Barclays’ price target suggests a potential upside of 9.58% from the company’s previous close.

KMB has been the subject of a number of other research reports. Zacks Investment Research lowered Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Citigroup set a $112.00 price objective on Kimberly Clark and gave the company a “sell” rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank assumed coverage on Kimberly Clark in a research note on Wednesday, December 13th. They set a “hold” rating and a $121.00 price objective for the company. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. Kimberly Clark presently has an average rating of “Hold” and a consensus price target of $124.56.

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Kimberly Clark stock traded down $0.81 during trading hours on Thursday, hitting $108.60. The stock had a trading volume of 1,832,575 shares, compared to its average volume of 2,284,678. The company has a debt-to-equity ratio of 7.34, a quick ratio of 0.58 and a current ratio of 0.89. The firm has a market capitalization of $38,086.67, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 1.96 and a beta of 0.66. Kimberly Clark has a 1-year low of $104.58 and a 1-year high of $134.29.

Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same period in the prior year, the business earned $1.45 earnings per share. The business’s revenue was up .8% on a year-over-year basis. sell-side analysts forecast that Kimberly Clark will post 7 EPS for the current fiscal year.

In related news, insider Kimberly K. Underhill sold 23,158 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $119.77, for a total value of $2,773,633.66. Following the sale, the insider now owns 31,141 shares of the company’s stock, valued at approximately $3,729,757.57. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.64% of the company’s stock.

A number of institutional investors have recently made changes to their positions in KMB. BlackRock Inc. grew its holdings in shares of Kimberly Clark by 4.9% during the fourth quarter. BlackRock Inc. now owns 25,795,326 shares of the company’s stock valued at $3,112,464,000 after buying an additional 1,212,672 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Kimberly Clark by 2.2% during the second quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock valued at $3,197,638,000 after buying an additional 537,794 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Kimberly Clark by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after buying an additional 3,191,549 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Kimberly Clark by 0.8% during the fourth quarter. Wells Fargo & Company MN now owns 5,724,192 shares of the company’s stock valued at $690,679,000 after buying an additional 45,468 shares in the last quarter. Finally, American International Group Inc. grew its holdings in shares of Kimberly Clark by 2,507.7% during the fourth quarter. American International Group Inc. now owns 4,397,893 shares of the company’s stock valued at $530,650,000 after buying an additional 4,229,240 shares in the last quarter. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

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About Kimberly Clark

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

Analyst Recommendations for Kimberly Clark (NYSE:KMB)

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