Kimberly-Clark (NASDAQ:KMB) Stock Price Target Cut by Wells Fargo & Company

Key Points

• Wells Fargo cut Kimberly-Clark’s price target from $105 to $100 while maintaining an “equal weight” rating, implying 5.62% upside from the prior close.
• Analyst sentiment remains mixed but generally cautious: MarketBeat reports an average “Hold” rating and a consensus price target of $117, with 11 analysts rating the stock a hold.
• Kimberly-Clark traded at $94.68, near its 52-week low, after its latest quarterly results missed expectations for both earnings and revenue.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) had its price target cut by Wells Fargo & Company from $105.00 to $100.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price target points to a potential upside of 5.62% from the company's previous close.

A number of other research firms have also weighed in on KMB. Piper Sandler dropped 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. Barclays boosted their price target on Kimberly-Clark from $101.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. Bank of America dropped their price target on Kimberly-Clark from $122.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, September 25th. UBS Group increased their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 28th. One investment 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 stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of "Hold" and an average price target of $117.00.

Kimberly-Clark Price Performance

NASDAQ:KMB traded up $0.32 during trading hours on Monday, hitting $94.68. 352,309 shares of the stock traded hands, compared to its average volume of 4,805,285. The company has a market cap of $31.49 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 4.82 and a beta of 0.25. Kimberly-Clark has a 1 year low of $92.42 and a 1 year high of $123.09. The stock has a 50 day moving average price of $105.11 and a 200 day moving average price of $102.64. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The firm had revenue of $4.19 billion during the quarter, compared to analysts' expectations of $4.22 billion. During the same period last year, the company earned $1.92 earnings per share. The business's revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark will post 7.35 EPS for the current fiscal year.

Institutional Trading of Kimberly-Clark

A number of large investors have recently added to or reduced their stakes in KMB. Motiv8 Investments LLC bought a new stake in Kimberly-Clark in the fourth quarter worth $31,000. Edmond DE Rothschild Holding S.A. bought a new position in Kimberly-Clark during the second quarter valued at $32,000. Ancora Advisors LLC bought a new position in Kimberly-Clark during the second quarter valued at $32,000. Clearstead Trust LLC purchased a new position in shares of Kimberly-Clark in the 2nd quarter worth $33,000. Finally, Markowski Investments purchased a new position in shares of Kimberly-Clark in the 2nd quarter worth $36,000. Institutional investors own 76.29% of the company's stock.

About Kimberly-Clark

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.

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