Kimberly-Clark Co. (NYSE:KMB - Get Free Report) VP Andrew Drexler sold 2,500 shares of the business's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the sale, the vice president now directly owns 8,053 shares of the company's stock, valued at approximately $1,101,891.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Kimberly-Clark Stock Up 0.1 %
Shares of NYSE:KMB opened at $136.55 on Friday. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $147.02. The company's 50-day moving average price is $127.19 and its two-hundred day moving average price is $123.33. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The firm has a market cap of $45.98 billion, a P/E ratio of 25.10, a P/E/G ratio of 3.88 and a beta of 0.38.
Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 EPS. As a group, research analysts forecast that Kimberly-Clark Co. will post 7 EPS for the current fiscal year.
Kimberly-Clark Dividend Announcement
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.57%. Kimberly-Clark's payout ratio is 89.71%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its holdings in Kimberly-Clark by 204.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company's stock worth $2,500,000 after buying an additional 13,806 shares during the period. PFG Investments LLC grew its stake in shares of Kimberly-Clark by 11.2% in the third quarter. PFG Investments LLC now owns 2,082 shares of the company's stock valued at $252,000 after buying an additional 209 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of Kimberly-Clark in the fourth quarter valued at $4,253,000. Rockline Wealth Management LLC bought a new position in shares of Kimberly-Clark in the fourth quarter valued at $1,661,000. Finally, Nordea Investment Management AB grew its stake in shares of Kimberly-Clark by 28.3% in the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company's stock valued at $202,740,000 after buying an additional 368,505 shares in the last quarter. Institutional investors own 76.29% of the company's stock.
Wall Street Analysts Forecast Growth
KMB has been the subject of a number of analyst reports. HSBC boosted their target price on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a "hold" rating in a research note on Wednesday, April 24th. Bank of America boosted their price objective on shares of Kimberly-Clark from $110.00 to $115.00 and gave the company an "underperform" rating in a research report on Wednesday, April 24th. UBS Group boosted their target price on shares of Kimberly-Clark from $135.00 to $138.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a "hold" rating in a report on Thursday, March 28th. Finally, Citigroup upped their target price on shares of Kimberly-Clark from $111.00 to $125.00 and gave the company a "sell" rating in a research note on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and a consensus target price of $134.85.
View Our Latest Stock Analysis on Kimberly-Clark
About Kimberly-Clark
(
Get Free Report)
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.
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