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

Kimberly-Clark (NYSE:KMB) had its price target cut by investment 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 price target suggests a potential upside of 2.09% from the company’s previous close.

KMB has been the subject of a number of other research reports. UBS Group cut their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Piper Sandler dropped their price target on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft increased their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $148.71.

Kimberly-Clark Stock Up 1.0 %

Shares of KMB traded up $1.22 during trading hours on Tuesday, hitting $127.34. 163,147 shares of the company were exchanged, compared to its average volume of 1,366,720. The firm’s 50 day moving average is $133.76 and its 200-day moving average is $138.77. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark has a 52 week low of $117.67 and a 52 week high of $149.30. The company has a market cap of $42.47 billion, a PE ratio of 16.52, a PEG ratio of 2.76 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the prior year, the business earned $1.74 earnings per share. The company’s 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.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of the 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 completion of the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Institutional Trading of Kimberly-Clark

Several large investors have recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new stake in Kimberly-Clark during the 2nd quarter worth approximately $26,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the third quarter worth $29,000. Strategic Financial Concepts LLC acquired a new stake in shares of Kimberly-Clark in the second quarter valued at $32,000. DiNuzzo Private Wealth Inc. increased its stake in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares in the last quarter. Finally, Kennebec Savings Bank bought a new position in shares of Kimberly-Clark in the third quarter valued at about $36,000. 76.29% of the stock is owned by 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.