Citigroup Increases Kimberly-Clark (NYSE:KMB) Price Target to $125.00

Kimberly-Clark (NYSE:KMB - Get Free Report) had its target price hoisted by analysts at Citigroup from $111.00 to $125.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a "sell" rating on the stock. Citigroup's price target would indicate a potential downside of 9.28% from the stock's current price.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. boosted their target price on Kimberly-Clark from $115.00 to $123.00 and gave the company an "underweight" rating in a research note on Wednesday. The Goldman Sachs Group upped their price target on Kimberly-Clark from $135.00 to $152.00 and gave the stock a "buy" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on Kimberly-Clark from $127.00 to $132.00 and gave the stock a "hold" rating in a research note on Thursday, March 28th. Royal Bank of Canada upped their price target on Kimberly-Clark from $123.00 to $126.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Finally, Evercore ISI upgraded Kimberly-Clark from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $133.00 to $150.00 in a research note on Thursday, March 28th. 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 company's stock. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of "Hold" and a consensus target price of $135.21.

Kimberly-Clark Price Performance

Shares of KMB traded up $1.74 during midday trading on Wednesday, reaching $137.78. The stock had a trading volume of 3,550,944 shares, compared to its average volume of 2,222,973. Kimberly-Clark has a 52 week low of $116.32 and a 52 week high of $147.87. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54. The firm's 50 day moving average price is $125.17 and its 200-day moving average price is $122.66. The company has a market capitalization of $46.42 billion, a P/E ratio of 26.50, a P/E/G ratio of 3.83 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. Kimberly-Clark's revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts forecast that Kimberly-Clark will post 6.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Kimberly-Clark

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 stock was 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 owns 795 shares of the company's stock, valued at approximately $109,050.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 stock was 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 owns 795 shares of the company's stock, valued at approximately $109,050.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark T. Smucker purchased 827 shares of the business's stock in a transaction on Monday, January 29th. The stock was purchased at an average cost of $120.98 per share, with a total value of $100,050.46. Following the acquisition, the director now owns 827 shares in the company, valued at $100,050.46. The disclosure for this purchase can be found here. Insiders own 0.62% of the company's stock.

Institutional Investors Weigh In On Kimberly-Clark

Several large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Kimberly-Clark by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company's stock valued at $869,090,000 after purchasing an additional 177,712 shares during the period. American Century Companies Inc. grew its stake in shares of Kimberly-Clark by 14.7% in the 3rd 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 during the period. Morgan Stanley grew its position in Kimberly-Clark by 4.6% during the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company's stock worth $590,345,000 after acquiring an additional 212,739 shares during the last quarter. Northern Trust Corp grew its position in Kimberly-Clark by 4.0% during the 3rd quarter. Northern Trust Corp now owns 4,051,719 shares of the company's stock worth $489,650,000 after acquiring an additional 155,066 shares during the last quarter. Finally, Norges Bank bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $437,420,000. 76.29% of the stock is currently owned by institutional investors.

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.