Wells Fargo & Company Issues Pessimistic Forecast for Kimberly-Clark (NYSE:KMB) Stock Price

Kimberly-Clark (NYSE:KMB) had its target price cut by equities research analysts at Wells Fargo & Company from $140.00 to $130.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 2.66% from the stock’s current price.

A number of other analysts have also recently commented on KMB. UBS Group reduced their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price objective 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. Piper Sandler cut their target price on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. dropped their price target 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $147.57.

Kimberly-Clark Price Performance

KMB opened at $126.63 on Tuesday. The company’s 50-day simple moving average is $133.46 and its two-hundred day simple moving average is $138.60. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The stock has a market capitalization of $42.23 billion, a P/E ratio of 16.42, a P/E/G ratio of 2.76 and a beta of 0.41. Kimberly-Clark has a 52-week low of $117.67 and a 52-week high of $149.30.

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

Insiders Place Their Bets

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now owns 5,053 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Kimberly-Clark

Institutional investors and hedge funds have recently made changes to their positions in the business. Farmers Trust Co. grew its position in Kimberly-Clark by 2.6% in the fourth quarter. Farmers Trust Co. now owns 21,616 shares of the company’s stock worth $2,833,000 after acquiring an additional 539 shares in the last quarter. InvesTrust bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at approximately $420,000. Peoples Bank KS boosted its holdings in shares of Kimberly-Clark by 24.7% in the 4th quarter. Peoples Bank KS now owns 2,427 shares of the company’s stock worth $318,000 after purchasing an additional 480 shares during the period. Range Financial Group LLC increased its position in shares of Kimberly-Clark by 148.8% during the 4th quarter. Range Financial Group LLC now owns 18,209 shares of the company’s stock valued at $2,386,000 after purchasing an additional 10,890 shares during the last quarter. Finally, Diversified Trust Co raised its holdings in Kimberly-Clark by 0.3% during the 4th quarter. Diversified Trust Co now owns 69,648 shares of the company’s stock valued at $9,127,000 after buying an additional 195 shares during the period. 76.29% of the stock is 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.