Wells Fargo & Company Lowers Kimberly-Clark (NASDAQ:KMB) Price Target to $110.00

Kimberly-Clark (NASDAQ:KMB) had its target price decreased by equities researchers at Wells Fargo & Company from $129.00 to $110.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 9.95% from the company’s current price.

Several other equities analysts also recently commented on the company. Weiss Ratings initiated coverage on Kimberly-Clark in a research report on Thursday, October 30th. They issued a “hold (c+)” rating on the stock. JPMorgan Chase & Co. boosted their price objective on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Royal Bank Of Canada restated an “overweight” rating and issued a $162.00 price objective on shares of Kimberly-Clark in a research report on Tuesday, October 28th. UBS Group boosted their price objective on Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Piper Sandler lowered their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $129.80.

Kimberly-Clark Price Performance

NASDAQ KMB opened at $100.05 on Tuesday. The company has a market capitalization of $33.19 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 3.67 and a beta of 0.30. The company has a debt-to-equity ratio of 4.61, a quick ratio of 0.56 and a current ratio of 0.77. The business’s fifty day moving average is $122.16 and its 200 day moving average is $129.13. Kimberly-Clark has a fifty-two week low of $99.22 and a fifty-two week high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.37. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.Kimberly-Clark’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 earnings per share. Sell-side analysts predict that Kimberly-Clark will post 7.5 earnings per share for the current year.

Institutional Investors Weigh In On Kimberly-Clark

Hedge funds have recently made changes to their positions in the company. Investment Research & Advisory Group Inc. purchased a new stake in shares of Kimberly-Clark in the second quarter worth about $25,000. Cloud Capital Management LLC bought a new stake in Kimberly-Clark during the third quarter worth approximately $25,000. True Wealth Design LLC increased its stake in Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares during the last quarter. Princeton Global Asset Management LLC increased its stake in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after acquiring an additional 188 shares during the last quarter. Finally, Winnow Wealth LLC bought a new stake in Kimberly-Clark during the second quarter worth approximately $27,000. 76.29% of the stock is currently 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.