Goldman Issues an Upgrade on Kimberly-Clark (NYSE:KMB) Shares. What’s Next?


Kimberly-Clark (NYSE:KMB) Stock Upgrade

In a note sent to clients and investors on Monday, 14 December, Goldman lifted shares of Kimberly-Clark (NYSE:KMB) to a solid Buy rating from their previous Neutral rating.

From a total of 11 analysts covering Kimberly-Clark (NYSE:KMB) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 9 a ”Hold”. This means that 40% of the ratings are positive. The highest target price is $135 while the lowest target price is $114. The mean of all analyst targets is $125 with a 0.22% above today’s ($121.13) stock price. Kimberly-Clark was the topic of 9 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. B. Riley & Co maintained shares on October 26 with “Neutral” rating. Societe Generale initiated shares with “Hold” rating and $123 target share price in a report from an August 21. Deutsche Bank maintained KMB stock in a recent report from October 22 with “Buy” rating. Finally, Zacks downgraded the stock to “Hold” rating in a report issued on a September 17.

Approximately 690,624 shares of stock traded hands. Kimberly Clark Corp (NYSE:KMB) has risen 8.44% since May 11, 2015 and is uptrending. It has outperformed by 12.86% the S&P500.

The overall sentiment of institutions has increased to 1.19 in Q2 2015. Its up 0.26, from 0.93 in 2015Q2. The ratio increased, as 46 institutions have sold all the shares of Kimberly Clark Corp that they owned while 387 funds have taken shares off the table. 78 funds have purchased shares for the first time while 438 added to their positions. These institutions now hold 242.56 million shares or 0.78% more than the 240.68 million shares they owned in 2015Q2.

The Fund Associated Banc currently is holding shares equating to 8.65% of its total portfolio in Kimberly Clark Corp representing a total of 1.14 million shares. Another fund,Johnson Financial Group Inc., is holding a total of 272,721 shares equating to 6.51% of their holdings. Additionally, Legacy Private Trust Co. has a 313,382 share stake in Kimberly Clark Corp which represents 5.4% of their total portfolio. The Fund, Cornerstone Capital Inc., based out of California, has also built up a stake in the stock, which represents a total of 3.82% of their total portfolio. Finally Schaper Benz & Wise Investment Counsel Inc Wi, a fund which is based in the state of Wisconsin reported a total holdings of 167,017 shares.

Insider activity is a very important aspect to track on any stock. Going back to April 23, 2015, shareholders of Kimberly Clark Corp have witnessed 0 insider purchases, and a total of 4 insider sales equating to a net activity of approximately $8.02 million . Gottung Lizanne C sold 3,000 shares worth approximately $360,418. Azbell Michael T. sold 29,403 shares worth approximately $3.52 million. Mielke Thomas J. sold 20,536 shares worth approximately $2.47 million. Buthman Mark A sold 14,474 shares worth approximately $1.67 million. The company insider Falk Thomas J sold 42,708 shares worth $4.74M.

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of products made from natural or synthetic fibers. The company has a market cap of $43.10 billion. The Company’s operating divisions are based on product groupings. It has 81.45 P/E ratio. The Firm operates in three divisions, which include Personal Care, which offers solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products; Consumer Tissue, offers products, such as facial and bathroom tissue, paper towels, napkins and related products, and K-C Professional , offers solutions and supporting products, such as apparel, wipers, soaps, sanitizers, tissue and towels.

According to Zacks Investment Research, “Kimberly-Clark Corporation is one of the leading consumer products companies. Its global tissue, personal care and health care brands include Huggies, Pull-Ups, Kotex, Depend, Kleenex, Scott, Kimberly-Clark, Safeskin, Tecnol, Kimwipes and Wypall. Other brands well known outside the U.S. include Andrex, Scottex, Page, Popee and Kimbies. Kimberly-Clark also is a major producer of premium business, correspondence and technical papers. (Company Press Release)”