Wells Fargo & Company Has Lowered Expectations for Kimberly-Clark (NYSE:KMB) Stock Price

Key Points

• Wells Fargo & Company has reduced its target price for Kimberly-Clark stock from $140.00 to $130.00, maintaining an "equal weight" rating which suggests a potential upside of 4.95% from its current price.
• Analysts' ratings for Kimberly-Clark vary, with three maintaining a Buy rating, six a Hold rating, and one a Sell rating, leading to an average rating of "Hold" with a consensus price target of $141.20.
• Kimberly-Clark's recent quarterly earnings report indicated an earnings per share (EPS) of $1.92, which exceeded expectations, although the company's revenue was down 1.6% compared to the same quarter last year.

Kimberly-Clark (NYSE:KMB - Get Free Report) had its target price dropped by equities research analysts at Wells Fargo & Company from $140.00 to $130.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 4.95% from the stock's current price.

Other research analysts have also recently issued reports about the stock. Barclays increased their price target on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. UBS Group dropped their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Evercore ISI lowered their price objective on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Finally, Piper Sandler started coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They set an "overweight" rating and a $144.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $141.20.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $123.87 on Thursday. Kimberly-Clark has a twelve month low of $122.58 and a twelve month high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock has a market cap of $41.10 billion, a P/E ratio of 16.43, a PEG ratio of 4.46 and a beta of 0.32. The business's 50-day moving average price is $129.54 and its two-hundred day moving average price is $133.63.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.25. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm's revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 EPS. As a group, equities analysts predict that Kimberly-Clark will post 7.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KMB. Vanguard Group Inc. lifted its holdings in Kimberly-Clark by 14.8% in the second quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company's stock valued at $5,212,942,000 after acquiring an additional 5,200,011 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kimberly-Clark by 1.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 11,482,657 shares of the company's stock worth $1,480,344,000 after buying an additional 218,644 shares during the last quarter. Geode Capital Management LLC grew its position in Kimberly-Clark by 4.6% during the second quarter. Geode Capital Management LLC now owns 8,254,137 shares of the company's stock valued at $1,065,423,000 after buying an additional 363,865 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Kimberly-Clark by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company's stock valued at $1,151,309,000 after buying an additional 566,152 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Kimberly-Clark by 4.6% during the 2nd quarter. Invesco Ltd. now owns 6,097,800 shares of the company's stock worth $786,128,000 after acquiring an additional 270,134 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.