Traders Buy Shares of Kimberly-Clark Corp. (KMB) on Weakness
Investors purchased shares of Kimberly-Clark Corp. (NYSE:KMB) on weakness during trading on Tuesday. $51.02 million flowed into the stock on the tick-up and $38.56 million flowed out of the stock on the tick-down, for a money net flow of $12.46 million into the stock. Of all stocks tracked, Kimberly-Clark Corp. had the 22nd highest net in-flow for the day. Kimberly-Clark Corp. traded down ($1.33) for the day and closed at $134.81
KMB has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price target for the company in a research note on Tuesday, June 28th. TheStreet raised shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating in a report on Friday, April 22nd. Deutsche Bank AG downgraded shares of Kimberly-Clark Corp. from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $130.00 to $145.00 in a report on Monday, April 25th. Argus reaffirmed a “hold” rating on shares of Kimberly-Clark Corp. in a report on Monday, May 2nd. Finally, B. Riley reaffirmed a “neutral” rating and issued a $124.00 price objective on shares of Kimberly-Clark Corp. in a report on Saturday, April 30th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $132.57.
The company has a market cap of $48.55 billion and a price-to-earnings ratio of 45.06. The firm’s 50 day moving average price is $132.02 and its 200 day moving average price is $130.72.
Kimberly-Clark Corp. (NYSE:KMB) last issued 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. The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the firm earned $1.42 earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, equities analysts predict that Kimberly-Clark Corp. will post $6.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 5th. Stockholders of record on Friday, June 10th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.70%.
In other news, SVP Sandra Macquillan sold 5,080 shares of the company’s stock in a transaction that occurred on 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 directly owns 7,187 shares in the company, valued at $932,513.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kimberly K. Underhill sold 3,073 shares of the company’s stock in a transaction that occurred on 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 $2,799,696.24. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of Kimberly-Clark Corp. by 6.0% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 8,352 shares of the company’s stock worth $1,063,000 after buying an additional 471 shares during the period. Essex Financial Services Inc. raised its position in shares of Kimberly-Clark Corp. by 1.4% in the fourth quarter. Essex Financial Services Inc. now owns 8,589 shares of the company’s stock worth $1,093,000 after buying an additional 120 shares during the period. OppenheimerFunds Inc. acquired a new position in shares of Kimberly-Clark Corp. during the fourth quarter worth approximately $1,112,000. I.G. Investment Management LTD. raised its position in shares of Kimberly-Clark Corp. by 7,842.1% in the fourth quarter. I.G. Investment Management LTD. now owns 9,054 shares of the company’s stock worth $1,153,000 after buying an additional 8,940 shares during the period. Finally, Legacy Capital Partners Inc. raised its position in shares of Kimberly-Clark Corp. by 7.7% in the fourth quarter. Legacy Capital Partners Inc. now owns 9,111 shares of the company’s stock worth $1,160,000 after buying an additional 655 shares during the period.
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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