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

Kimberly-Clark (NASDAQ:KMB) had its target price cut by Wells Fargo & Company from $105.00 to $100.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts have also issued research reports about the stock. Bank of America dropped their price objective on shares of Kimberly-Clark from $122.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, September 25th. TD Cowen raised their price objective on Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Barclays lifted their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Finally, Piper Sandler decreased their target price on Kimberly-Clark from $121.00 to $118.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $117.00.

Kimberly-Clark Price Performance

KMB stock opened at $96.48 on Monday. The company has a market capitalization of $32.09 billion, a P/E ratio of 16.41, a PEG ratio of 4.94 and a beta of 0.25. The company has a fifty day moving average price of $104.13 and a 200-day moving average price of $102.57. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. Kimberly-Clark has a 52-week low of $92.42 and a 52-week high of $123.09.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 EPS. As a group, equities analysts expect that Kimberly-Clark will post 7.35 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Friday, September 4th. Kimberly-Clark’s payout ratio is 87.07%.

Hedge Funds Weigh In On Kimberly-Clark

Large investors have recently bought and sold shares of the stock. Motiv8 Investments LLC bought a new position in Kimberly-Clark during the 4th quarter valued at approximately $31,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Kimberly-Clark in the 2nd quarter worth approximately $32,000. Ancora Advisors LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $32,000. Clearstead Trust LLC bought a new position in shares of Kimberly-Clark during the second quarter valued at approximately $33,000. Finally, Markowski Investments bought a new position in shares of Kimberly-Clark during the second quarter valued at approximately $36,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation (NASDAQ:KMB) is a global personal care and consumer products company that develops and markets essential products for consumers and professional customers. Its portfolio includes products in the baby and childcare, adult care, feminine care, facial and bathroom tissue, and household categories.

The company’s well-known brands include Huggies diapers and wipes, Kleenex tissues, Kotex feminine care products, Cottonelle and Scott bathroom tissue, and Depend and Poise adult care products.