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

Kimberly-Clark (NYSE:KMB) had its target price reduced by analysts at Wells Fargo & Company from $140.00 to $130.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 2.09% from the company’s previous close.

Several other equities research analysts also recently commented on KMB. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. UBS Group dropped their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Barclays boosted their target price 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. Piper Sandler cut their price objective on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. lowered their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy 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 $148.71.

Kimberly-Clark Trading Up 1.0 %

Shares of KMB stock traded up $1.22 during trading hours on Tuesday, reaching $127.34. The company had a trading volume of 163,147 shares, compared to its average volume of 1,366,720. Kimberly-Clark has a 1-year low of $117.67 and a 1-year 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 firm has a market cap of $42.47 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 2.76 and a beta of 0.41. The company has a 50 day moving average of $133.76 and a 200 day moving average of $138.77.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.74 earnings per share. On average, equities research analysts anticipate that Kimberly-Clark will post 7.27 EPS for the current year.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the 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 completion of the sale, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Institutional Trading of Kimberly-Clark

A number of large investors have recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at about $26,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the third quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. raised its stake in Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares during the period. Kennebec Savings Bank acquired a new stake in shares of Kimberly-Clark in the third quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Kimberly-Clark during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds 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.