Barclays Cuts Kimberly-Clark (NYSE:KMB) Price Target to $134.00

Kimberly-Clark (NYSE:KMB - Free Report) had its price objective decreased by Barclays from $135.00 to $134.00 in a research note published on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research analysts have also issued reports on the stock. Evercore ISI decreased their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank Of Canada decreased their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Piper Sandler decreased their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. UBS Group lifted their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Finally, Wall Street Zen lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $141.50.

Kimberly-Clark Price Performance

Shares of NYSE KMB traded down $0.08 during mid-day trading on Tuesday, reaching $127.83. 757,813 shares of the company traded hands, compared to its average volume of 2,213,887. Kimberly-Clark has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market cap of $42.41 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The stock has a fifty day simple moving average of $133.91 and a 200-day simple moving average of $134.59.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the business earned $2.01 earnings per share. Equities research analysts anticipate that Kimberly-Clark will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were given a dividend of $1.26 per share. The ex-dividend date was Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.94%. Kimberly-Clark's dividend payout ratio (DPR) is currently 68.66%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the sale, the insider directly owned 3,997 shares in the company, valued at approximately $518,410.90. The trade was a 15.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.64% of the company's stock.

Institutional Trading of Kimberly-Clark

Several institutional investors have recently made changes to their positions in the business. Brighton Jones LLC boosted its position in Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock valued at $851,000 after buying an additional 2,765 shares in the last quarter. Cibc World Markets Corp boosted its position in Kimberly-Clark by 14.1% in the fourth quarter. Cibc World Markets Corp now owns 130,983 shares of the company's stock valued at $17,164,000 after buying an additional 16,172 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at about $52,000. Tocqueville Asset Management L.P. boosted its position in Kimberly-Clark by 14.5% in the fourth quarter. Tocqueville Asset Management L.P. now owns 59,149 shares of the company's stock valued at $7,751,000 after buying an additional 7,498 shares in the last quarter. Finally, Mystic Asset Management Inc. boosted its position in Kimberly-Clark by 30.5% in the fourth quarter. Mystic Asset Management Inc. now owns 19,528 shares of the company's stock valued at $2,559,000 after buying an additional 4,563 shares in the last quarter. 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.