Kimberly-Clark (NASDAQ:KMB) Stock Price Target Lowered at TD Cowen

Kimberly-Clark (NASDAQ:KMB) had its price target lowered by analysts at TD Cowen from $104.00 to $97.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price objective suggests a potential downside of 0.82% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Bank of America reduced their target price on shares of Kimberly-Clark from $122.00 to $120.00 and set a “buy” rating for the company in a report on Friday, September 25th. UBS Group increased their target price on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Wells Fargo & Company lowered their price target on Kimberly-Clark from $105.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, October 5th. Piper Sandler reduced their price objective on Kimberly-Clark from $121.00 to $118.00 and set an “overweight” rating for the company in a research note on Friday, September 11th. Finally, Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $116.50.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock traded down $0.97 during trading on Tuesday, reaching $97.80. The company’s stock had a trading volume of 3,066,934 shares, compared to its average volume of 4,797,822. The company has a 50-day moving average price of $103.47 and a two-hundred day moving average price of $102.55. Kimberly-Clark has a fifty-two week low of $92.42 and a fifty-two week high of $123.09. The firm has a market cap of $32.53 billion, a PE ratio of 16.63, a P/E/G ratio of 4.99 and a beta of 0.25. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 EPS 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 analysts’ expectations of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 EPS. On average, analysts forecast that Kimberly-Clark will post 7.35 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Valley Wealth Managers Inc. raised its holdings in Kimberly-Clark by 1.2% during the third quarter. Valley Wealth Managers Inc. now owns 47,283 shares of the company’s stock worth $4,607,000 after purchasing an additional 572 shares in the last quarter. Castleview Partners LLC purchased a new stake in Kimberly-Clark in the 3rd quarter valued at approximately $542,000. Wedmont Private Capital boosted its holdings in Kimberly-Clark by 7.5% in the 3rd quarter. Wedmont Private Capital now owns 5,450 shares of the company’s stock valued at $533,000 after purchasing an additional 381 shares in the last quarter. Breakwater Capital Group increased its position in Kimberly-Clark by 22.3% during the 3rd quarter. Breakwater Capital Group now owns 6,234 shares of the company’s stock worth $607,000 after purchasing an additional 1,135 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Kimberly-Clark by 16.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 22,794 shares of the company’s stock worth $2,221,000 after purchasing an additional 3,154 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

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.