Kimberly-Clark (NASDAQ:KMB) Given New $100.00 Price Target at Wells Fargo & Company

Kimberly-Clark (NASDAQ:KMB) had its price objective trimmed by Wells Fargo & Company from $105.00 to $100.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts have also recently commented on KMB. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. UBS Group lifted their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Piper Sandler cut their target price on shares of Kimberly-Clark from $121.00 to $118.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Finally, Bank of America reduced their target price on Kimberly-Clark from $122.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $117.00.

Kimberly-Clark Stock Performance

Shares of KMB opened at $95.41 on Monday. The company has a market cap of $31.73 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 4.82 and a beta of 0.25. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The stock has a 50-day moving average price of $104.79 and a 200-day moving average price of $102.60. Kimberly-Clark has a 12-month low of $92.42 and a 12-month high of $123.09.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the company posted $1.92 earnings per share. As a group, equities analysts forecast that Kimberly-Clark will post 7.35 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Friday, September 4th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 87.07%.

Institutional Investors Weigh In On Kimberly-Clark

A number of hedge funds have recently made changes to their positions in the business. Ally Financial Inc. bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $1,009,000. Legal & General Group Plc bought a new position in Kimberly-Clark in the second quarter worth about $223,668,000. Oddo BHF Asset Management Sas lifted its holdings in Kimberly-Clark by 29.6% in the fourth quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock worth $6,234,000 after buying an additional 14,115 shares during the period. NewEdge Advisors LLC lifted its holdings in Kimberly-Clark by 3.5% in the second quarter. NewEdge Advisors LLC now owns 595,464 shares of the company’s stock worth $65,364,000 after buying an additional 20,300 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in Kimberly-Clark during the 4th quarter valued at approximately $1,047,000. 76.29% of the stock is currently owned by institutional investors.

About Kimberly-Clark

Kimberly-Clark Corporation (NASDAQ:KMB) is a global personal care and consumer products company that develops and markets essential products for consumers and professional customers. Its portfolio includes products in the baby and childcare, adult care, feminine care, facial and bathroom tissue, and household categories.

The company’s well-known brands include Huggies diapers and wipes, Kleenex tissues, Kotex feminine care products, Cottonelle and Scott bathroom tissue, and Depend and Poise adult care products.