Key Points
- Kimberly‑Clark VP Andrew Scribner sold 4,095 shares on May 6 at an average price of $98 for proceeds of $401,310, after previously selling 3,049 shares on Feb 5 at about $104.29.
- The company beat Q1 estimates with EPS of $1.97 vs. $1.93 and revenue of $4.16B (up 2.7% YoY); analysts’ consensus is a "Hold" with an average target of $114.93 and the stock trades at a PE of ~15.6.
Kimberly-Clark Corporation (NASDAQ:KMB - Get Free Report) VP Andrew Scribner sold 4,095 shares of the business's stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Andrew Scribner also recently made the following trade(s):
- On Thursday, February 5th, Andrew Scribner sold 3,049 shares of Kimberly-Clark stock. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21.
Kimberly-Clark Stock Performance
Kimberly-Clark stock opened at $99.19 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. The company has a market capitalization of $32.93 billion, a PE ratio of 15.57, a P/E/G ratio of 4.65 and a beta of 0.29. The firm has a fifty day simple moving average of $99.82 and a two-hundred day simple moving average of $103.15. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $144.30.
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 for the quarter, topping the consensus estimate of $1.93 by $0.04. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.93 earnings per share. Research analysts expect that Kimberly-Clark Corporation will post 7.48 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Kimberly-Clark from $110.00 to $109.00 and set a "hold" rating on the stock in a research report on Monday, March 30th. Bank of America reduced their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, April 10th. Piper Sandler cut their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an "overweight" rating on the stock in a report on Friday, March 13th. UBS Group upped their target price on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark presently has an average rating of "Hold" and a consensus target price of $114.93.
Get Our Latest Stock Report on Kimberly-Clark
Institutional Investors Weigh In On Kimberly-Clark
Hedge funds have recently modified their holdings of the business. Valley Wealth Managers Inc. bought a new position in Kimberly-Clark in the 1st quarter worth $4,392,000. Mediolanum International Funds Ltd raised its holdings in Kimberly-Clark by 9.9% in the 1st quarter. Mediolanum International Funds Ltd now owns 225,924 shares of the company's stock worth $21,768,000 after purchasing an additional 20,413 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Kimberly-Clark by 28.5% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,597 shares of the company's stock valued at $156,000 after purchasing an additional 354 shares during the period. Assetmark Inc. raised its position in shares of Kimberly-Clark by 0.6% during the 1st quarter. Assetmark Inc. now owns 20,216 shares of the company's stock valued at $1,950,000 after purchasing an additional 121 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of Kimberly-Clark by 41.4% during the 1st quarter. Bessemer Group Inc. now owns 10,001 shares of the company's stock valued at $965,000 after purchasing an additional 2,927 shares during the period. Institutional investors own 76.29% of the company's stock.
About Kimberly-Clark
(
Get Free Report)
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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