Wells Fargo & Company Lowers Kimberly-Clark (NASDAQ:KMB) Price Target to $100.00

Kimberly-Clark (NASDAQ:KMBGet Free Report) had its target price reduced by analysts at Wells Fargo & Company from $110.00 to $100.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 2.08% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Barclays set a $102.00 target price on Kimberly-Clark in a research note on Friday, January 16th. TD Cowen decreased their price target on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, UBS Group decreased their price target on Kimberly-Clark from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $114.69.

Read Our Latest Stock Report on KMB

Kimberly-Clark Trading Up 1.0%

Shares of KMB stock opened at $97.96 on Wednesday. The business’s 50 day moving average is $102.68 and its two-hundred day moving average is $106.25. Kimberly-Clark has a twelve month low of $92.42 and a twelve month high of $144.30. The company has a market capitalization of $32.52 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 3.56 and a beta of 0.28. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97.

Kimberly-Clark (NASDAQ:KMBGet Free Report) last announced its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same period last year, the business posted $1.50 EPS. The company’s revenue was down .6% on a year-over-year basis. Equities analysts forecast that Kimberly-Clark will post 7.5 EPS for the current year.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.75% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kimberly-Clark

Several hedge funds and other institutional investors have recently bought and sold shares of KMB. Cloud Capital Management LLC acquired a new position in Kimberly-Clark during the third quarter worth $25,000. Godfrey Financial Associates Inc. acquired a new position in Kimberly-Clark during the fourth quarter worth $25,000. True Wealth Design LLC raised its holdings 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 purchasing an additional 135 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the second quarter worth $27,000. Finally, CrossGen Wealth LLC acquired a new position in Kimberly-Clark during the fourth quarter worth $27,000. 76.29% of the stock is owned by institutional investors and hedge funds.

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Kimberly-Clark Company Profile

(Get Free Report)

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

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