Citigroup Has Lowered Expectations for Kimberly-Clark (NYSE:KMB) Stock Price

Kimberly-Clark (NYSE:KMB) had its price target decreased by investment analysts at Citigroup from $125.00 to $118.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. Citigroup’s price objective indicates a potential downside of 6.84% from the company’s current price.

Other research analysts have also issued research reports about the company. Piper Sandler reduced their price objective on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $144.57.

Kimberly-Clark Trading Up 0.9 %

Shares of KMB opened at $126.66 on Wednesday. Kimberly-Clark has a 1-year low of $117.67 and a 1-year high of $149.30. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The firm’s 50-day moving average price is $132.64 and its 200-day moving average price is $138.13. The firm has a market capitalization of $42.24 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 2.69 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 198.59% and a net margin of 12.97%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 earnings per share. Sell-side analysts anticipate that Kimberly-Clark will post 7.31 EPS for the current year.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.62% of the stock is currently owned by insiders.

Institutional Trading of Kimberly-Clark

A number of hedge funds have recently bought and sold shares of the company. William B. Walkup & Associates Inc. bought a new stake in shares of Kimberly-Clark during the 2nd quarter valued at about $26,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the third quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. grew its position in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares during the period. Kennebec Savings Bank bought a new stake in Kimberly-Clark during the third quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC purchased a new stake in Kimberly-Clark during the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

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.