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

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

Other analysts have also issued research reports about the stock. UBS Group lowered their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their target price on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Barclays raised their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Finally, Piper Sandler reduced their price target on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $148.71.

Kimberly-Clark Stock Up 0.8 %

NYSE KMB opened at $127.14 on Tuesday. Kimberly-Clark has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The business has a fifty day moving average price of $133.61 and a two-hundred day moving average price of $138.68. The stock has a market capitalization of $42.40 billion, a PE ratio of 16.49, a PEG ratio of 2.76 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the prior year, the company posted $1.74 earnings per share. Kimberly-Clark’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities analysts expect that Kimberly-Clark will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.84%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is owned by corporate insiders.

Institutional Trading of Kimberly-Clark

Large investors have recently modified their holdings of the stock. Peoples Bank KS raised its stake in Kimberly-Clark by 24.7% during the 4th quarter. Peoples Bank KS now owns 2,427 shares of the company’s stock worth $318,000 after acquiring an additional 480 shares in the last quarter. Range Financial Group LLC increased its position in Kimberly-Clark by 148.8% during the 4th quarter. Range Financial Group LLC now owns 18,209 shares of the company’s stock worth $2,386,000 after purchasing an additional 10,890 shares during the period. Diversified Trust Co lifted its holdings in Kimberly-Clark by 0.3% in the fourth quarter. Diversified Trust Co now owns 69,648 shares of the company’s stock valued at $9,127,000 after acquiring an additional 195 shares during the period. CWA Asset Management Group LLC grew its position in Kimberly-Clark by 206.8% during the fourth quarter. CWA Asset Management Group LLC now owns 11,096 shares of the company’s stock worth $1,454,000 after buying an additional 7,479 shares during the period. Finally, Pensionfund Sabic grew its holdings in Kimberly-Clark by 45.5% in the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock valued at $1,677,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

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.