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

Kimberly-Clark (NYSE:KMB) had its price target lowered by Wells Fargo & Company from $140.00 to $130.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

KMB has been the subject of a number of other research reports. Barclays boosted their price target on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lowered their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Finally, UBS Group lowered their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $147.57.

Kimberly-Clark Trading Down 0.5 %

KMB opened at $126.63 on Tuesday. The stock has a market capitalization of $42.23 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 2.76 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark has a twelve month low of $117.67 and a twelve month high of $149.30. The company has a 50-day simple moving average of $133.31 and a 200 day simple moving average of $138.52.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.74 EPS. Analysts predict that Kimberly-Clark will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s payout ratio is presently 63.29%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Kimberly-Clark

Several institutional investors and hedge funds have recently made changes to their positions in the business. William B. Walkup & Associates Inc. bought a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $26,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark during the third quarter worth $29,000. Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark in the second quarter worth $32,000. DiNuzzo Private Wealth Inc. increased 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 purchasing an additional 202 shares in the last quarter. Finally, Kennebec Savings Bank bought a new position in shares of Kimberly-Clark during the 3rd quarter worth about $36,000. Institutional investors own 76.29% of the company’s stock.

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.