Wells Fargo & Company Forecasts Strong Price Appreciation for Kimberly-Clark (NYSE:KMB) Stock

Kimberly-Clark (NYSE:KMB) had its price target hoisted by analysts at Wells Fargo & Company from $130.00 to $140.00 in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential downside of 3.90% from the stock’s current price.

KMB has been the topic of several other research reports. UBS Group increased their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Piper Sandler reissued an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Finally, TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $144.85.

Kimberly-Clark Trading Up 1.9 %

Shares of NYSE:KMB traded up $2.78 during trading on Friday, reaching $145.68. The stock had a trading volume of 1,102,735 shares, compared to its average volume of 2,130,636. Kimberly-Clark has a 52 week low of $123.84 and a 52 week high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The firm’s fifty day moving average is $137.10 and its 200 day moving average is $135.97. The stock has a market cap of $48.32 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, equities analysts forecast that Kimberly-Clark will post 7.5 EPS for the current fiscal year.

Insider Activity

In other news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the sale, the vice president now owns 7,720 shares of the company’s stock, valued at $1,088,520. This trade represents a 58.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Kimberly-Clark

A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Kimberly-Clark by 3.2% during the 3rd quarter. FMR LLC now owns 572,463 shares of the company’s stock worth $81,450,000 after purchasing an additional 17,919 shares during the last quarter. Townsquare Capital LLC lifted its position in Kimberly-Clark by 9.5% during the third quarter. Townsquare Capital LLC now owns 47,484 shares of the company’s stock worth $6,756,000 after buying an additional 4,110 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in shares of Kimberly-Clark by 32.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 63,517 shares of the company’s stock worth $9,037,000 after acquiring an additional 15,693 shares during the period. CreativeOne Wealth LLC raised its stake in Kimberly-Clark by 42.9% during the third quarter. CreativeOne Wealth LLC now owns 14,128 shares of the company’s stock worth $2,010,000 after purchasing an additional 4,243 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Kimberly-Clark by 0.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,258 shares of the company’s stock worth $385,900,000 after buying an additional 20,953 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

About Kimberly-Clark

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.