UBS Group Cuts Kimberly-Clark (NYSE:KMB) Price Target to $132.00

Kimberly-Clark (NYSE:KMB) had its price objective reduced by UBS Group from $151.00 to $132.00 in a report issued on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft boosted their target price on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Piper Sandler cut their target price on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company cut their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a report on Wednesday, January 8th. Finally, 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 report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $143.71.

Kimberly-Clark Price Performance

KMB stock opened at $127.33 on Thursday. The company has a market capitalization of $42.46 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 2.69 and a beta of 0.41. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark has a 52-week low of $117.67 and a 52-week high of $149.30. The business has a 50-day simple moving average of $132.41 and a two-hundred day simple moving average of $137.98.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.74 EPS. Research analysts expect that Kimberly-Clark will post 7.31 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.83%. Kimberly-Clark’s payout ratio is 63.29%.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KMB. Citizens Financial Group Inc. RI increased its holdings in shares of Kimberly-Clark by 28.4% in the second quarter. Citizens Financial Group Inc. RI now owns 2,069 shares of the company’s stock worth $288,000 after purchasing an additional 458 shares during the period. Edgestream Partners L.P. purchased a new position in Kimberly-Clark in the second quarter worth $731,000. Vanguard Personalized Indexing Management LLC increased its stake in Kimberly-Clark by 31.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 36,820 shares of the company’s stock valued at $5,027,000 after acquiring an additional 8,914 shares during the last quarter. Blair William & Co. IL increased its stake in Kimberly-Clark by 43.8% in the second quarter. Blair William & Co. IL now owns 185,646 shares of the company’s stock valued at $25,656,000 after acquiring an additional 56,519 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co increased its stake in Kimberly-Clark by 5.3% in the second quarter. Elo Mutual Pension Insurance Co now owns 29,388 shares of the company’s stock valued at $4,061,000 after acquiring an additional 1,473 shares during the last quarter. 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.