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

Kimberly-Clark (NASDAQ:KMBGet Free Report) had its target price decreased by Wells Fargo & Company from $110.00 to $100.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 3.83% from the company’s previous close.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft cut their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Barclays set a $102.00 price objective on Kimberly-Clark in a research report on Friday, January 16th. Zacks Research lowered Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Finally, Piper Sandler cut their price objective on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $114.69.

Get Our Latest Stock Analysis on Kimberly-Clark

Kimberly-Clark Trading Up 3.5%

Shares of KMB traded up $3.26 during trading hours on Wednesday, hitting $96.31. The stock had a trading volume of 4,172,676 shares, compared to its average volume of 5,760,559. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The firm has a market cap of $31.97 billion, a P/E ratio of 15.88, a P/E/G ratio of 3.52 and a beta of 0.28. The company’s fifty day simple moving average is $102.75 and its 200 day simple moving average is $106.37. Kimberly-Clark has a 12-month low of $92.42 and a 12-month high of $144.30.

Kimberly-Clark (NASDAQ:KMBGet Free Report) last issued its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.05. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $1.50 EPS. Equities research analysts forecast that Kimberly-Clark will post 7.5 EPS for the current fiscal year.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.75% of the stock is owned by company insiders.

Institutional Trading of Kimberly-Clark

Large investors have recently modified their holdings of the business. Cloud Capital Management LLC acquired a new stake in shares of Kimberly-Clark during the third quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the second quarter valued at about $27,000. True Wealth Design LLC grew its stake in shares of Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 135 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at about $25,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at about $28,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Key Kimberly-Clark News

Here are the key news stories impacting Kimberly-Clark this week:

Kimberly-Clark Company Profile

(Get Free Report)

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

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