Traders Sell Kimberly-Clark Corp. (KMB) on Strength (KMB)
Investors sold shares of Kimberly-Clark Corp. (NYSE:KMB) on strength during trading hours on Wednesday. $26.11 million flowed into the stock on the tick-up and $41.09 million flowed out of the stock on the tick-down, for a money net flow of $14.98 million out of the stock. Of all stocks tracked, Kimberly-Clark Corp. had the 0th highest net out-flow for the day. Kimberly-Clark Corp. traded up $0.91 for the day and closed at $135.72
KMB has been the topic of a number of research reports. Barclays PLC upped their target price on Kimberly-Clark Corp. from $132.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, March 21st. Zacks Investment Research downgraded Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a report on Thursday, March 17th. Deutsche Bank AG downgraded Kimberly-Clark Corp. from a “buy” rating to a “hold” rating and upped their target price for the company from $130.00 to $145.00 in a report on Monday, April 25th. TheStreet upgraded Kimberly-Clark Corp. from a “hold” rating to a “buy” rating in a report on Friday, April 22nd. Finally, B. Riley reiterated a “neutral” rating and issued a $124.00 target price on shares of Kimberly-Clark Corp. in a report on Monday, April 25th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $132.57.
The company has a market cap of $48.88 billion and a P/E ratio of 45.36. The company’s 50-day moving average is $132.29 and its 200 day moving average is $130.76.
Kimberly-Clark Corp. (NYSE:KMB) last released its quarterly earnings results on Friday, April 22nd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.02. The firm earned $4.50 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the firm earned $1.42 earnings per share. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. Analysts forecast that Kimberly-Clark Corp. will post $6.09 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Friday, June 10th were paid a $0.92 dividend. The ex-dividend date was Wednesday, June 8th. This represents a $3.68 annualized dividend and a yield of 2.71%.
In other news, SVP Sandra Macquillan sold 5,080 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 7,187 shares in the company, valued at approximately $932,513.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kimberly K. Underhill sold 3,073 shares of the company’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $127.77, for a total value of $392,637.21. Following the sale, 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.
Several hedge funds recently added to or reduced their stakes in the stock. Toth Financial increased its stake in Kimberly-Clark Corp. by 3.1% in the fourth quarter. Toth Financial now owns 24,122 shares of the company’s stock worth $3,071,000 after buying an additional 725 shares during the last quarter. Carnegie Capital Asset Management LLC increased its stake in Kimberly-Clark Corp. by 17.9% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 13,787 shares of the company’s stock worth $1,765,000 after buying an additional 2,090 shares during the last quarter. First Trust Advisors LP increased its stake in 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 during the last quarter. Rhumbline Advisers increased its stake in Kimberly-Clark Corp. by 1.0% in the fourth quarter. Rhumbline Advisers now owns 539,660 shares of the company’s stock worth $68,699,000 after buying an additional 5,275 shares during the last quarter. Finally, LSV Asset Management increased its stake in Kimberly-Clark Corp. by 0.6% in the fourth quarter. LSV Asset Management now owns 81,400 shares of the company’s stock worth $10,362,000 after buying an additional 500 shares during the last quarter.
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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