Wells Fargo & Company Issues Pessimistic Forecast for Kimberly-Clark (NASDAQ:KMB) Stock Price

Key Points

• Wells Fargo lowered Kimberly-Clark’s price target from $110 to $105 while maintaining an “equal weight” rating, implying 6.57% upside from the prior close.
• Analyst sentiment remains cautious: MarketBeat reports a consensus “Hold” rating and an average price target of $117.57, with 11 analysts rating the stock Hold.
• Kimberly-Clark shares fell 0.2% to $98.53, while the company’s latest quarterly results missed expectations, with EPS of $1.80 versus the $2.01 consensus estimate and revenue of $4.19 billion.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) had its target price cut by equities researchers at Wells Fargo & Company from $110.00 to $105.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's price target indicates a potential upside of 6.57% from the company's previous close.

Other equities analysts also recently issued research reports about the company. TD Cowen upped their target price on Kimberly-Clark from $96.00 to $104.00 and gave the company a "hold" rating in a report on Wednesday, August 5th. Piper Sandler restated an "overweight" rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. Barclays lifted their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. UBS Group boosted their target price on Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a research 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 note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $117.57.

Kimberly-Clark Trading Down 0.2%

Shares of KMB stock traded down $0.17 during mid-day trading on Thursday, reaching $98.53. The stock had a trading volume of 5,113,851 shares, compared to its average volume of 4,821,960. The firm has a market capitalization of $32.77 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 4.30 and a beta of 0.25. The stock's 50-day moving average price is $109.34 and its two-hundred day moving average price is $103.55. 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 has a 52-week low of $92.42 and a 52-week high of $130.02.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (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 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 firm's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 earnings per share. Equities analysts expect that Kimberly-Clark will post 7.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund increased its holdings in shares of Kimberly-Clark by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company's stock valued at $3,834,000 after purchasing an additional 100 shares in the last quarter. New Mexico Educational Retirement Board raised its position in shares of Kimberly-Clark by 0.7% in the fourth quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company's stock worth $1,523,000 after acquiring an additional 100 shares during the period. AdvisorNet Financial Inc boosted its stake in shares of Kimberly-Clark by 18.3% during the 1st quarter. AdvisorNet Financial Inc now owns 665 shares of the company's stock worth $64,000 after acquiring an additional 103 shares in the last quarter. Core Wealth Partners LLC grew its position in shares of Kimberly-Clark by 2.6% during the 4th quarter. Core Wealth Partners LLC now owns 4,352 shares of the company's stock valued at $439,000 after acquiring an additional 112 shares during the period. Finally, Assetmark Inc. raised its holdings in Kimberly-Clark by 0.6% in the 1st quarter. Assetmark Inc. now owns 20,216 shares of the company's stock worth $1,950,000 after purchasing an additional 121 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

About Kimberly-Clark

Kimberly-Clark Corporation is a global manufacturer of personal care and consumer tissue products. The company develops and markets products designed to support personal hygiene, health and well-being in households, healthcare settings and workplaces.

Its portfolio includes well-known brands such as Huggies diapers and training pants, Kleenex facial tissues, Cottonelle toilet paper and wipes, Scott toilet paper and paper towels, Kotex feminine care products, and Depend and Poise incontinence care products.

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