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

Kimberly-Clark (NYSE:KMB) had its price target boosted by research analysts at Wells Fargo & Company from $130.00 to $140.00 in a research report issued to clients and investors on Friday, MarketBeat.com reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential downside of 4.21% from the stock’s previous close.

Several other equities research analysts also recently issued reports on KMB. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Citigroup decreased their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. Piper Sandler restated an “overweight” rating and issued a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a report on Wednesday, January 8th. Finally, Barclays increased their price objective on shares of Kimberly-Clark from $138.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, March 27th. Two equities research 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 data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $144.85.

Kimberly-Clark Trading Up 2.3 %

KMB stock traded up $3.26 during midday trading on Friday, hitting $146.16. 540,869 shares of the company’s stock were exchanged, compared to its average volume of 2,128,590. Kimberly-Clark has a one year low of $123.84 and a one year high of $150.45. The company has a market cap of $48.47 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. 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 stock’s fifty day moving average price is $137.10 and its 200-day moving average price is $135.97.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Research analysts predict that Kimberly-Clark will post 7.5 earnings per share for the current fiscal year.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the sale, the vice president now directly owns 2,553 shares of the company’s stock, valued at $357,420. This represents a 49.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is owned by corporate insiders.

Institutional Trading of Kimberly-Clark

Several hedge funds have recently made changes to their positions in KMB. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Kimberly-Clark in the fourth quarter valued at about $25,000. Marshall Investment Management LLC acquired a new stake in Kimberly-Clark during the 4th quarter valued at $25,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at $29,000. Golden State Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter worth about $32,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Kimberly-Clark during the 4th quarter worth $33,000. 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.