JPMorgan Chase & Co. Issues Pessimistic Forecast for Kimberly-Clark (NYSE:KMB) Stock Price

Kimberly-Clark (NYSE:KMB) had its price objective lowered by JPMorgan Chase & Co. from $140.00 to $124.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 1.27% from the company’s current price.

Several other research analysts also recently commented on the stock. UBS Group reduced their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company decreased their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a report on Wednesday, January 8th. Citigroup lowered their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average target price of $145.93.

Kimberly-Clark Stock Down 0.5 %

Shares of NYSE KMB opened at $125.60 on Thursday. Kimberly-Clark has a 1 year low of $117.67 and a 1 year high of $149.30. The firm has a 50-day simple moving average of $132.77 and a two-hundred day simple moving average of $138.22. The company has a market cap of $41.89 billion, a P/E ratio of 16.29, a PEG ratio of 2.69 and a beta of 0.41. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data 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. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the previous year, the business earned $1.74 EPS. Kimberly-Clark’s revenue was down 3.5% compared to the same quarter last year. Research analysts anticipate that Kimberly-Clark will post 7.31 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Kimberly-Clark

Hedge funds and other institutional investors have recently bought and sold shares of the stock. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark in the second quarter valued at approximately $26,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the 3rd quarter valued at $29,000. DiNuzzo Private Wealth Inc. boosted its holdings in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares in the last quarter. Kennebec Savings Bank acquired a new stake in Kimberly-Clark during the third quarter valued at $36,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Kimberly-Clark in the third quarter worth about $39,000. 76.29% of the stock is owned by institutional investors and hedge funds.

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.