Kimberly Clark (KMB) Stock Rating Upgraded by JPMorgan Chase & Co.
Kimberly Clark (NYSE:KMB) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm currently has a $86.00 price target on the stock, down from their previous price target of $90.00. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 28.07% from the stock’s current price.
KMB has been the topic of several other research reports. ValuEngine raised Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Societe Generale lowered Kimberly Clark from a “buy” rating to a “hold” rating and cut their price target for the stock from $124.00 to $116.00 in a research report on Wednesday. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $110.00 price target (down previously from $115.00) on shares of Kimberly Clark in a research report on Tuesday, April 24th. Finally, Barclays reaffirmed a “hold” rating and set a $113.00 price target on shares of Kimberly Clark in a research report on Wednesday, April 25th. Three research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $107.00.
Shares of NYSE KMB opened at $119.56 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 32.28. Kimberly Clark has a fifty-two week low of $97.10 and a fifty-two week high of $124.15. The stock has a market cap of $38.27 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 2.36 and a beta of 0.72.
In other Kimberly Clark news, SVP Jeffrey P. Melucci sold 330 shares of Kimberly Clark stock in a transaction that occurred on Tuesday, May 29th. The stock was sold at an average price of $105.97, for a total value of $34,970.10. Following the transaction, the senior vice president now directly owns 5,132 shares in the company, valued at approximately $543,838.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sandra Macquillan sold 3,045 shares of Kimberly Clark stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $105.63, for a total value of $321,643.35. Following the completion of the transaction, the senior vice president now owns 5,642 shares in the company, valued at $595,964.46. The disclosure for this sale can be found here. Insiders sold a total of 10,920 shares of company stock worth $1,229,426 over the last quarter. Company insiders own 0.64% of the company’s stock.
Several hedge funds have recently made changes to their positions in the business. Braun Bostich & Associates Inc. boosted its stake in shares of Kimberly Clark by 1,426.9% in the second quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock valued at $108,000 after buying an additional 956 shares in the last quarter. Gables Capital Management Inc. purchased a new stake in shares of Kimberly Clark in the first quarter valued at approximately $115,000. Centerpoint Advisors LLC boosted its stake in shares of Kimberly Clark by 999.0% in the first quarter. Centerpoint Advisors LLC now owns 1,099 shares of the company’s stock valued at $121,000 after buying an additional 999 shares in the last quarter. Lee Financial Co boosted its stake in shares of Kimberly Clark by 313.8% in the first quarter. Lee Financial Co now owns 1,167 shares of the company’s stock valued at $128,000 after buying an additional 885 shares in the last quarter. Finally, Fort L.P. purchased a new stake in shares of Kimberly Clark in the second quarter valued at approximately $125,000. Institutional investors own 74.22% of the company’s stock.
About Kimberly Clark
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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