Kimberly-Clark (NYSE:KMB) PT Raised to $142.00 at JPMorgan Chase & Co.

Kimberly-Clark (NYSE:KMB) had its price objective hoisted by JPMorgan Chase & Co. from $137.00 to $142.00 in a report published on Friday morning, Benzinga reports. They currently have an underweight rating on the stock.

KMB has been the topic of a number of other reports. Royal Bank of Canada restated an outperform rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Piper Sandler boosted their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an overweight rating in a report on Thursday, July 11th. BNP Paribas assumed coverage on shares of Kimberly-Clark in a research report on Monday, June 24th. They issued a neutral rating and a $146.00 target price on the stock. Barclays dropped their target price on shares of Kimberly-Clark from $136.00 to $135.00 and set an equal weight rating on the stock in a research report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a hold rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average price target of $149.14.

Kimberly-Clark Trading Up 0.9 %

Kimberly-Clark stock opened at $143.54 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The firm has a 50-day moving average price of $142.71 and a two-hundred day moving average price of $137.97. The firm has a market capitalization of $48.33 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 2.98 and a beta of 0.39. Kimberly-Clark has a 52-week low of $116.63 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The firm had revenue of $5.03 billion during the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. Kimberly-Clark’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.65 EPS. Sell-side analysts expect that Kimberly-Clark will post 7.25 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s dividend payout ratio is 89.71%.

Insider Transactions at Kimberly-Clark

In related news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $26,000. Rise Advisors LLC grew its stake in shares of Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after acquiring an additional 176 shares in the last quarter. New Millennium Group LLC bought a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $28,000. Crewe Advisors LLC bought a new position in shares of Kimberly-Clark during the 1st quarter worth approximately $27,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Kimberly-Clark in the third quarter valued at $39,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

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.