Kimberly-Clark (NYSE:KMB) Stock Price Expected to Rise, Barclays Analyst Says

Key Points

• Kimberly-Clark's price target has been raised by Barclays from $134.00 to $139.00, indicating a potential upside of 4.45% from the current stock price.
• Analysts have mixed ratings for Kimberly-Clark, with one sell rating, seven holds, and three buy ratings, leading to an average price target of $142.70.
• In trading on Monday, Kimberly-Clark shares increased by 1.9% to hit $133.08, with a market capitalization of $44.16 billion.

Kimberly-Clark (NYSE:KMB - Free Report) had its price target lifted by Barclays from $134.00 to $139.00 in a report issued on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts also recently weighed in on the stock. Evercore ISI lowered their price objective 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. Piper Sandler began coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They set an "overweight" rating and a $144.00 target price for the company. UBS Group dropped their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Royal Bank Of Canada lowered their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $125.00 to $138.00 in a report on Monday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and an average target price of $142.70.

Kimberly-Clark Trading Up 1.5%

Shares of NYSE KMB traded up $2.00 during midday trading on Monday, hitting $136.21. 694,483 shares of the company traded hands, compared to its average volume of 2,319,233. Kimberly-Clark has a 12-month low of $124.10 and a 12-month high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a 50-day moving average price of $131.22 and a 200 day moving average price of $134.72. The firm has a market cap of $45.20 billion, a P/E ratio of 18.01, a P/E/G ratio of 4.46 and a beta of 0.33.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Kimberly-Clark's revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.96 EPS. As a group, analysts expect that Kimberly-Clark will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.7%. Kimberly-Clark's payout ratio is presently 69.42%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KMB. First Pacific Financial purchased a new stake in Kimberly-Clark during the 1st quarter worth approximately $26,000. Financial Network Wealth Advisors LLC lifted its stake in shares of Kimberly-Clark by 176.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock valued at $28,000 after purchasing an additional 125 shares during the period. Investment Research & Advisory Group Inc. acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at $25,000. Princeton Global Asset Management LLC raised its position in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company's stock worth $27,000 after acquiring an additional 188 shares during the period. Finally, Minot DeBlois Advisors LLC acquired a new position in Kimberly-Clark during the fourth quarter worth $29,000. Hedge funds and other 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.