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

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

KMB has been the topic of several other reports. Evercore ISI cut their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday. Barclays increased their target price on Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. raised Kimberly-Clark from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Piper Sandler started coverage on Kimberly-Clark in a research report on Friday, July 18th. They issued an “overweight” rating and a $144.00 target price on the stock. Finally, UBS Group cut their target price on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $141.20.

Kimberly-Clark Price Performance

KMB stock opened at $121.72 on Thursday. Kimberly-Clark has a 52-week low of $121.02 and a 52-week high of $150.45. The stock’s fifty day simple moving average is $129.42 and its 200-day simple moving average is $133.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock has a market capitalization of $40.38 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter last year, the firm earned $1.96 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. Equities research analysts expect that Kimberly-Clark will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.1%. Kimberly-Clark’s dividend payout ratio (DPR) is 69.42%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. First Pacific Financial purchased a new stake in shares of Kimberly-Clark during the first quarter worth about $26,000. Financial Network Wealth Advisors LLC increased its position in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in shares of Kimberly-Clark during the second quarter worth about $25,000. Princeton Global Asset Management LLC increased its position in shares of 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 purchased a new stake in shares of Kimberly-Clark during the second quarter worth about $27,000. 76.29% of the stock is owned by hedge funds and other 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.