Kimberly-Clark (NYSE:KMB) Rating Lowered to “Hold” at TD Cowen

Kimberly-Clark (NYSE:KMB) was downgraded by research analysts at TD Cowen from a “buy” rating to a “hold” rating in a research note issued on Wednesday, MarketBeat reports. They presently have a $145.00 price target on the stock. TD Cowen’s price objective would suggest a potential upside of 14.05% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company dropped their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Finally, Piper Sandler dropped their target price on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $147.57.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $127.14 on Wednesday. The company’s 50-day moving average price is $133.61 and its 200-day moving average price is $138.68. Kimberly-Clark has a twelve month low of $117.67 and a twelve month high of $149.30. 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 company has a market cap of $42.40 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last posted 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 previous year, the firm posted $1.74 EPS. The business’s quarterly revenue was down 3.5% on a year-over-year basis. On average, equities research analysts forecast that Kimberly-Clark will post 7.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction dated 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 directly owns 5,053 shares of the company’s stock, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KMB. William B. Walkup & Associates Inc. purchased a new position in Kimberly-Clark during the 2nd quarter worth $26,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark in the third quarter valued at approximately $29,000. Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark during the second quarter valued at approximately $32,000. DiNuzzo Private Wealth Inc. grew its position in shares of Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new stake in shares of Kimberly-Clark during the third quarter worth approximately $36,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

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.