Wells Fargo & Company Cuts Kimberly-Clark (NYSE:KMB) Price Target to $130.00

Kimberly-Clark (NYSE:KMB) had its price target reduced by Wells Fargo & Company from $140.00 to $130.00 in a report published on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

KMB has been the topic of a number of other reports. UBS Group dropped their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Piper Sandler reduced their price objective on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday. Barclays lifted their target price on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft raised their price target 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $147.57.

Kimberly-Clark Stock Performance

KMB stock opened at $126.63 on Tuesday. Kimberly-Clark has a 1-year low of $117.67 and a 1-year high of $149.30. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The firm has a market cap of $42.23 billion, a PE ratio of 16.42, a P/E/G ratio of 2.76 and a beta of 0.41. The business’s 50-day moving average price is $133.31 and its two-hundred day moving average price is $138.52.

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

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were paid a $1.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.85%. Kimberly-Clark’s dividend payout ratio is 63.29%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was 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 of the company’s stock, 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 this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kimberly-Clark

Several large investors have recently modified their holdings of KMB. Farmers Trust Co. lifted its position in Kimberly-Clark by 2.6% during 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 during the last quarter. InvesTrust acquired a new position in shares of Kimberly-Clark in the fourth quarter valued at about $420,000. Peoples Bank KS increased its position in Kimberly-Clark by 24.7% during the fourth quarter. Peoples Bank KS now owns 2,427 shares of the company’s stock worth $318,000 after acquiring an additional 480 shares during the period. Range Financial Group LLC raised its stake in Kimberly-Clark by 148.8% in the 4th quarter. Range Financial Group LLC now owns 18,209 shares of the company’s stock worth $2,386,000 after purchasing an additional 10,890 shares in the last quarter. Finally, Diversified Trust Co boosted its holdings in Kimberly-Clark by 0.3% in the 4th quarter. Diversified Trust Co now owns 69,648 shares of the company’s stock valued at $9,127,000 after purchasing an additional 195 shares during the period. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Company Profile

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.