Kimberly-Clark (NYSE:KMB) Price Target Increased to $126.00 by Analysts at Royal Bank of Canada

Kimberly-Clark (NYSE:KMB) had its price target boosted by Royal Bank of Canada from $123.00 to $126.00 in a research report released on Wednesday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other research firms have also recently issued reports on KMB. StockNews.com raised Kimberly-Clark from a hold rating to a buy rating in a research report on Thursday, April 11th. Bank of America upped their price target on Kimberly-Clark from $110.00 to $115.00 and gave the company an underperform rating in a report on Wednesday. HSBC lifted their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the stock a hold rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a hold rating in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kimberly-Clark from $115.00 to $123.00 and gave the stock an underweight rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $135.21.

Kimberly-Clark Trading Up 1.3 %

NYSE KMB opened at $137.78 on Wednesday. Kimberly-Clark has a 12 month low of $116.32 and a 12 month high of $147.87. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The stock’s fifty day moving average price is $125.17 and its 200-day moving average price is $122.66. The stock has a market cap of $46.42 billion, a P/E ratio of 25.33, a P/E/G ratio of 4.05 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. Kimberly-Clark’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 EPS. As a group, equities analysts forecast that Kimberly-Clark will post 6.84 EPS for the current fiscal year.

Insider Activity at Kimberly-Clark

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 stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares in the company, valued at $109,050.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark T. Smucker acquired 827 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the transaction, the director now directly owns 827 shares in the company, valued at $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is owned by company insiders.

Institutional Trading of Kimberly-Clark

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Kimberly-Clark during the fourth quarter worth $437,420,000. FMR LLC boosted its holdings in shares of Kimberly-Clark by 74.9% during the 3rd quarter. FMR LLC now owns 2,442,610 shares of the company’s stock valued at $295,189,000 after purchasing an additional 1,046,155 shares during the last quarter. American Century Companies Inc. grew its position in shares of Kimberly-Clark by 14.7% during the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after purchasing an additional 641,187 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Kimberly-Clark by 31.4% in the third quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock worth $265,530,000 after purchasing an additional 524,632 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in shares of Kimberly-Clark by 552.4% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 456,458 shares of the company’s stock worth $55,163,000 after buying an additional 386,497 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

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.