Kimberly-Clark Co. (NYSE:KMB – Get Rating) insider Tristram Wilkinson sold 2,069 shares of the company in a trade on Thursday, May 5. The stock was sold at an average price of $137.17, for a total value of $283,804.73. Following the sale, the insider now owns 14,102 shares of the company, valued at approximately $1,934,371.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
NYSE:KMB shares traded down $0.18 on Friday, hitting $136.50. The company’s shares had a trading volume of 4,967 shares, compared to its average volume of 2,264,486. The company has a 50-day simple moving average of $127.33 and a 200-day simple moving average of $133.06. Kimberly-Clark Co. has a 1-year low of $117.32 and a 1-year high of $145.79. The company has a market capitalization of $45.99 billion, a PE ratio of 26.30, a PEG ratio of 4.72 and a beta of 0.37. The company has a debt ratio of 9.49, a current ratio of 0.81 and a quick ratio of 0.50.
Kimberly-Clark (NYSE:KMB – Get Rating) last released its quarterly results on Friday, April 22. The company reported earnings per share of $1.35 for the quarter, beating the consensus estimate of $1.23 by $0.12. Kimberly-Clark had a return on equity of 253.93% and a net margin of 8.86%. The company posted revenue of $5.10 billion for the quarter, versus $4.92 billion expected by analysts. During the same quarter last year, the company posted EPS of $1.80. The company’s revenue increased by 7.4% compared to the same quarter last year. On average, equity research analysts expect Kimberly-Clark Co. to post earnings per share of 5.82 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 5. Shareholders of record on Friday, June 10 will receive a dividend of $1.16 per share. The ex-date of this dividend is Thursday, June 9. This represents an annualized dividend of $4.64 and a dividend yield of 3.40%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 89.40%.
Several institutional investors have recently changed their positions in the company. Empirical Asset Management LLC bought a new position in Kimberly-Clark stock during Q1 worth approximately $513,000. KBC Group NV increased its position in Kimberly-Clark shares by 24.6% during the first quarter. KBC Group NV now owns 38,384 shares in the company valued at $4,727,000 after purchasing an additional 7,566 shares in the last quarter. IFM Investors Pty Ltd increased its position in Kimberly-Clark shares by 23.8% during the 1st quarter. IFM Investors Pty Ltd now owns 54,987 shares in the company valued at $6,772,000 after purchasing an additional 10,582 shares in the last quarter. Prestige Wealth Management Group LLC increased its position in Kimberly-Clark shares by 230.1% during the 1st quarter. Prestige Wealth Management Group LLC now owns 2,314 shares of the company valued at $285,000 after purchasing an additional 1,613 shares in the last quarter. Finally, Chemistry Wealth Management LLC purchased a new position in Kimberly-Clark stock during Q1 worth approximately $694,000. Hedge funds and other institutional investors hold 74.32% of the company’s shares.
KMB has been the subject of a number of recent analyst reports. Royal Bank of Canada raised its price target on Kimberly-Clark from $122.00 to $124.00 and gave the company an “industry performance” rating in a Monday, April 25 research note. Zacks Investment Research upgraded Kimberly-Clark from a “sell” rating to a “hold” rating and set a price target of $129.00 for the company in a Tuesday, March 29 research note. BNP Paribas downgraded Kimberly-Clark from an “outperforming” rating to a “neutral” rating and set a price target of $148.00 for the company. in a research note from Tuesday, January 11. UBS Group raised its price target on Kimberly-Clark from $128.00 to $140.00 in a Monday, April 25 research note. Finally, JPMorgan Chase & Co. lowered its price target on Kimberly-Clark from $118.00 to $113.00 in a Wednesday, March 30 research report. Two research analysts gave the stock a sell rating, thirteen gave the company a hold rating and one gave the company a buy rating. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $132.69.
About Kimberly Clark (Get an assessment)
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer products worldwide. It operates through three segments: Personal Care, Consumer Tissue and KC Professional. The Personal Care segment offers disposable diapers, swimwear, training and youth pants, baby wipes, feminine care and incontinence products and other related products under the Huggies, Pull -Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise and other brands.
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