Kimberly-Clark (NYSE:KMB – Get Rating) had its target price increased by stock analysts at Wells Fargo & Company from $130.00 to $140.00 in a note issued to investors on Wednesday, The Fly reports. Wells Fargo & Company‘s target price suggests a potential downside of 4.36% from the stock’s current price.
KMB has been the subject of a number of other reports. Berenberg Bank upped their price target on Kimberly-Clark from $132.00 to $144.00 in a research report on Wednesday. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Friday, March 24th. Jefferies Financial Group cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and boosted their price target for the company from $137.00 to $139.00 in a research report on Wednesday, January 4th. Barclays raised their price objective on shares of Kimberly-Clark from $131.00 to $140.00 in a research report on Wednesday. Finally, UBS Group boosted their target price on shares of Kimberly-Clark from $134.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, April 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $134.45.
Kimberly-Clark Stock Up 1.9 %
NYSE KMB opened at $146.38 on Wednesday. Kimberly-Clark has a one year low of $108.74 and a one year high of $147.87. The company has a debt-to-equity ratio of 9.23, a quick ratio of 0.47 and a current ratio of 0.82. The business has a fifty day moving average price of $131.13 and a 200 day moving average price of $130.42. The company has a market cap of $49.40 billion, a P/E ratio of 25.59, a P/E/G ratio of 2.43 and a beta of 0.41.
Insiders Place Their Bets
In other news, VP Andrew Drexler sold 7,970 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $145.12, for a total value of $1,156,606.40. Following the completion of the transaction, the vice president now owns 4,889 shares of the company’s stock, valued at $709,491.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Michael D. Hsu sold 46,508 shares of the company’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $144.28, for a total transaction of $6,710,174.24. Following the sale, the chief executive officer now owns 111,668 shares of the company’s stock, valued at $16,111,459.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Andrew Drexler sold 7,970 shares of Kimberly-Clark stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $145.12, for a total value of $1,156,606.40. Following the completion of the transaction, the vice president now owns 4,889 shares of the company’s stock, valued at $709,491.68. The disclosure for this sale can be found here. Insiders have sold 57,912 shares of company stock worth $8,362,169 over the last three months. Company insiders own 0.67% of the company’s stock.
Institutional Investors Weigh In On Kimberly-Clark
A number of hedge funds have recently bought and sold shares of the stock. Bell Investment Advisors Inc raised its holdings in Kimberly-Clark by 1,475.0% in the fourth quarter. Bell Investment Advisors Inc now owns 189 shares of the company’s stock valued at $26,000 after acquiring an additional 177 shares in the last quarter. Fiduciary Alliance LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth $28,000. Affiance Financial LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth $29,000. Retirement Financial Solutions LLC purchased a new position in Kimberly-Clark in the fourth quarter valued at $30,000. Finally, CVA Family Office LLC raised its stake in Kimberly-Clark by 56.3% in the fourth quarter. CVA Family Office LLC now owns 225 shares of the company’s stock valued at $31,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 74.16% of the company’s stock.
Kimberly-Clark Company Profile
Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
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