Key Points
- Insider sale: Katy Chen sold 1,405 shares at an average of $96.95 for a total of $136,214.75, cutting her stake by 17.77% to 6,502 shares; the transaction was disclosed to the SEC and was done to cover tax withholding on vested equity.
- Quarterly results: Kimberly‑Clark reported EPS of $1.97 (beat of $0.04) and revenue of $4.16 billion, up 2.7% year‑over‑year.
- Analyst view: The consensus rating is a Hold with a $114.93 price target.
Kimberly-Clark Corporation (NASDAQ:KMB - Get Free Report) insider Katy Chen sold 1,405 shares of the firm's stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $96.95, for a total value of $136,214.75. Following the transaction, the insider owned 6,502 shares in the company, valued at approximately $630,368.90. The trade was a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Kimberly-Clark Price Performance
KMB opened at $97.67 on Friday. The stock's 50 day simple moving average is $100.29 and its 200 day simple moving average is $103.68. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.54. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $144.30. The firm has a market cap of $32.42 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 4.48 and a beta of 0.29.
Kimberly-Clark (NASDAQ:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the company earned $1.93 EPS. Kimberly-Clark's revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts predict that Kimberly-Clark Corporation will post 7.49 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB increased its position in Kimberly-Clark by 2.5% during the 3rd quarter. Nordea Investment Management AB now owns 2,439,692 shares of the company's stock valued at $301,448,000 after buying an additional 58,978 shares in the last quarter. Synergy Asset Management LLC increased its position in Kimberly-Clark by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 38,260 shares of the company's stock valued at $4,932,000 after buying an additional 19,130 shares in the last quarter. Citigroup Inc. increased its position in Kimberly-Clark by 3.7% during the 3rd quarter. Citigroup Inc. now owns 399,630 shares of the company's stock valued at $49,690,000 after buying an additional 14,386 shares in the last quarter. Jain Global LLC bought a new position in Kimberly-Clark during the 3rd quarter valued at approximately $11,973,000. Finally, AE Wealth Management LLC increased its position in Kimberly-Clark by 7.0% during the 3rd quarter. AE Wealth Management LLC now owns 160,531 shares of the company's stock valued at $19,960,000 after buying an additional 10,528 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have weighed in on KMB. Zacks Research cut Kimberly-Clark from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Weiss Ratings restated a "hold (c-)" rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Wells Fargo & Company lowered their target price on Kimberly-Clark from $110.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 8th. Citigroup lowered their target price on Kimberly-Clark from $95.00 to $90.00 and set a "sell" rating for the company in a research note on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Kimberly-Clark from $110.00 to $109.00 and set a "hold" rating for the company in a research note on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and a consensus price target of $114.93.
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About Kimberly-Clark
(
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Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.
Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.
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