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

Kimberly-Clark (NYSE:KMB)‘s stock had its “overweight” rating reaffirmed by research analysts at Piper Sandler in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $158.00 price target on the stock, down from their prior price target of $161.00. Piper Sandler’s price target would indicate a potential upside of 21.68% from the company’s current price.

KMB has been the topic of several other reports. Deutsche Bank Aktiengesellschaft raised their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Wells Fargo & Company reduced their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Citigroup dropped their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Price Performance

NYSE KMB traded up $0.41 during trading hours on Wednesday, reaching $129.85. The company’s stock had a trading volume of 178,815 shares, compared to its average volume of 1,981,755. Kimberly-Clark has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. 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 company’s 50-day moving average is $131.63 and its two-hundred day moving average is $137.41. The stock has a market cap of $43.30 billion, a PE ratio of 16.81, a PEG ratio of 3.53 and a beta of 0.41.

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

Insider Buying and Selling

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction 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 completion of the sale, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Kimberly-Clark

Institutional investors have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kimberly-Clark during the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the 3rd quarter worth $29,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter worth $32,000. Finally, Synergy Asset Management LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at $35,000. 76.29% of the stock is currently 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.