Royal Bank of Canada Reiterates “Outperform” Rating for Kimberly-Clark (NYSE:KMB)

Kimberly-Clark (NYSE:KMB)‘s stock had its “outperform” rating restated by analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $165.00 target price on the stock. Royal Bank of Canada’s price target suggests a potential upside of 20.43% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Piper Sandler upped their price objective on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Wells Fargo & Company reduced their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Argus upgraded Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday. Finally, Barclays lifted their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Two equities research 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.com, the stock has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB opened at $137.01 on Wednesday. The business’s 50-day simple moving average is $143.18 and its 200 day simple moving average is $138.66. The company has a market cap of $46.13 billion, a P/E ratio of 25.19, a PEG ratio of 2.98 and a beta of 0.39. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. Kimberly-Clark has a one year low of $116.63 and a one year high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.74 earnings per share. On average, sell-side analysts forecast that Kimberly-Clark will post 7.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was 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 owns 7,377 shares in the company, valued at $1,038,976.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Institutional Trading of Kimberly-Clark

Several hedge funds have recently bought and sold shares of the company. Orrstown Financial Services Inc. acquired a new stake in shares of Kimberly-Clark in the third quarter valued at approximately $290,000. Welch Group LLC increased its position in Kimberly-Clark by 0.7% in the 3rd quarter. Welch Group LLC now owns 351,207 shares of the company’s stock valued at $49,970,000 after acquiring an additional 2,316 shares during the period. Southern Capital Advisors LLC bought a new stake in Kimberly-Clark during the 3rd quarter valued at $242,000. Modera Wealth Management LLC boosted its position in Kimberly-Clark by 2.4% during the 3rd quarter. Modera Wealth Management LLC now owns 6,429 shares of the company’s stock worth $915,000 after acquiring an additional 153 shares during the period. Finally, PFG Investments LLC boosted its position in Kimberly-Clark by 18.8% during the 3rd quarter. PFG Investments LLC now owns 8,569 shares of the company’s stock worth $1,219,000 after acquiring an additional 1,359 shares during the period. 76.29% of the stock is currently owned by institutional investors.

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.