Kimberly-Clark Corp. (KMB) Sees Large Volume Increase
Kimberly-Clark Corp. (NYSE:KMB) shares saw unusually-strong trading volume on Thursday . Approximately 1,364,582 shares traded hands during mid-day trading, a decline of 9% from the previous session’s volume of 1,502,512 shares.The stock last traded at $134.43 and had previously closed at $136.75.
Several equities analysts have commented on KMB shares. Zacks Investment Research cut Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a report on Thursday, March 17th. Barclays PLC upped their price target on Kimberly-Clark Corp. from $132.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, March 21st. B. Riley reaffirmed a “neutral” rating and issued a $124.00 price target on shares of Kimberly-Clark Corp. in a report on Monday, April 25th. Deutsche Bank AG cut Kimberly-Clark Corp. from a “buy” rating to a “hold” rating and upped their price target for the company from $130.00 to $145.00 in a report on Monday, April 25th. Finally, TheStreet raised Kimberly-Clark Corp. from a “hold” rating to a “buy” rating in a report on Friday, April 22nd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $132.57.
The company has a 50 day moving average price of $131.20 and a 200-day moving average price of $130.48. The firm has a market cap of $48.34 billion and a price-to-earnings ratio of 44.86.
Kimberly-Clark Corp. (NYSE:KMB) last posted its quarterly earnings results on Friday, April 22nd. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. During the same quarter in the previous year, the business posted $1.42 EPS. The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.53 billion. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities research analysts anticipate that Kimberly-Clark Corp. will post $6.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Friday, June 10th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Wednesday, June 8th.
In related news, SVP Sandra Macquillan sold 5,080 shares of Kimberly-Clark Corp. stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of $129.75, for a total transaction of $659,130.00. Following the completion of the transaction, the senior vice president now owns 7,187 shares in the company, valued at $932,513.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kimberly K. Underhill sold 3,073 shares of Kimberly-Clark Corp. stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $127.77, for a total value of $392,637.21. Following the transaction, the insider now owns 21,912 shares of the company’s stock, valued at approximately $2,799,696.24. The disclosure for this sale can be found here.
Several large investors have recently modified their holdings of KMB. Vanguard Group Inc. boosted its stake in shares of Kimberly-Clark Corp. by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 21,293,346 shares of the company’s stock worth $2,710,642,000 after buying an additional 504,869 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Kimberly-Clark Corp. by 45.3% in the fourth quarter. Schroder Investment Management Group now owns 946,302 shares of the company’s stock worth $120,465,000 after buying an additional 294,962 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Kimberly-Clark Corp. by 186.5% in the fourth quarter. First Trust Advisors LP now owns 387,088 shares of the company’s stock worth $49,276,000 after buying an additional 251,962 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Kimberly-Clark Corp. by 7.8% in the fourth quarter. Wells Fargo & Company MN now owns 3,411,865 shares of the company’s stock worth $434,329,000 after buying an additional 248,070 shares in the last quarter. Finally, Standard Life Investments LTD purchased a new stake in shares of Kimberly-Clark Corp. during the fourth quarter worth about $29,252,000.
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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