Wells Fargo & Co Boosts Kimberly Clark (KMB) Price Target to $105.00

Kimberly Clark (NYSE:KMB) had its target price raised by stock analysts at Wells Fargo & Co from $97.00 to $105.00 in a note issued to investors on Wednesday, The Fly reports. The brokerage currently has a “market perform” rating on the stock. Wells Fargo & Co’s target price would suggest a potential downside of 3.51% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Kimberly Clark from $94.00 to $102.00 and gave the stock a “sell” rating in a research report on Friday, August 31st. Atlantic Securities started coverage on shares of Kimberly Clark in a research report on Thursday, September 20th. They set an “underweight” rating and a $114.00 price objective for the company. Bank of America increased their price objective on shares of Kimberly Clark from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 6th. ValuEngine upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, Deutsche Bank increased their price objective on shares of Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. Five analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. Kimberly Clark currently has a consensus rating of “Hold” and an average target price of $105.43.

KMB opened at $108.82 on Wednesday. Kimberly Clark has a twelve month low of $97.10 and a twelve month high of $123.77. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 32.28. The firm has a market cap of $39.51 billion, a PE ratio of 17.47, a PEG ratio of 2.57 and a beta of 0.70.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 24th. The company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.02. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. The company had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the prior year, the company posted $1.49 earnings per share. Kimberly Clark’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts anticipate that Kimberly Clark will post 6.69 earnings per share for the current fiscal year.

In other Kimberly Clark news, insider Anthony J. Palmer sold 6,445 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total value of $756,256.30. Following the completion of the sale, the insider now directly owns 6,122 shares in the company, valued at $718,355.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Aaron Powell sold 1,100 shares of the firm’s stock in a transaction on Wednesday, July 25th. The stock was sold at an average price of $105.96, for a total transaction of $116,556.00. Following the completion of the sale, the insider now owns 1,117 shares of the company’s stock, valued at $118,357.32. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

A number of large investors have recently bought and sold shares of KMB. Northern Trust Corp lifted its stake in shares of Kimberly Clark by 3.5% in the second quarter. Northern Trust Corp now owns 5,443,511 shares of the company’s stock valued at $573,419,000 after buying an additional 182,806 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Kimberly Clark by 96.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,809,600 shares of the company’s stock valued at $506,642,000 after buying an additional 2,365,565 shares in the last quarter. Federated Investors Inc. PA lifted its stake in shares of Kimberly Clark by 1.8% in the second quarter. Federated Investors Inc. PA now owns 3,230,516 shares of the company’s stock valued at $340,302,000 after buying an additional 56,053 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Kimberly Clark by 121.8% in the second quarter. American Century Companies Inc. now owns 2,478,731 shares of the company’s stock valued at $261,110,000 after buying an additional 1,361,325 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Kimberly Clark by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,195,142 shares of the company’s stock valued at $231,237,000 after buying an additional 72,684 shares in the last quarter. Institutional investors and hedge funds own 73.86% of the company’s stock.

About Kimberly Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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