Piper Sandler Cuts Kimberly-Clark (NYSE:KMB) Price Target to $161.00

Kimberly-Clark (NYSE:KMB) had its target price lowered by Piper Sandler from $175.00 to $161.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other analysts also recently weighed in on the company. UBS Group cut their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Barclays lifted their price target on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 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. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $147.57.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $126.63 on Monday. The business’s fifty day moving average is $133.46 and its 200 day moving average is $138.60. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The stock has a market cap of $42.23 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 2.76 and a beta of 0.41. Kimberly-Clark has a twelve month low of $117.67 and a twelve month high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the prior year, the firm earned $1.74 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. Research analysts expect that Kimberly-Clark will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were given a $1.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.85%. Kimberly-Clark’s payout ratio is 63.29%.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Kimberly-Clark

Several institutional investors and hedge funds have recently bought and sold shares of the stock. William B. Walkup & Associates Inc. bought a new position in shares of Kimberly-Clark in the second quarter worth about $26,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the third quarter valued at approximately $29,000. Strategic Financial Concepts LLC purchased a new position in Kimberly-Clark during the second quarter valued at approximately $32,000. DiNuzzo Private Wealth Inc. increased its stake in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new stake in shares of Kimberly-Clark in the third quarter worth $36,000. 76.29% of the stock is currently owned by hedge funds and other 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.