Traders Buy Shares of Kimberly-Clark Corp. (KMB) on Weakness
Investors purchased shares of Kimberly-Clark Corp. (NYSE:KMB) on weakness during trading on Friday. $41.72 million flowed into the stock on the tick-up and $24.70 million flowed out of the stock on the tick-down, for a money net flow of $17.02 million into the stock. Of all stocks tracked, Kimberly-Clark Corp. had the 17th highest net in-flow for the day. Kimberly-Clark Corp. traded down ($0.73) for the day and closed at $129.40
A number of research firms recently commented on KMB. B. Riley reiterated a “neutral” rating and set a $124.00 price target on shares of Kimberly-Clark Corp. in a report on Tuesday, July 26th. Argus reiterated a “hold” rating on shares of Kimberly-Clark Corp. in a report on Monday, May 2nd. 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 report on Tuesday, June 28th. Citigroup Inc. upped their price target on shares of Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Finally, Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and set a $156.00 price target (up from $152.00) on shares of Kimberly-Clark Corp. in a report on Friday, July 15th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Kimberly-Clark Corp. currently has an average rating of “Buy” and a consensus target price of $134.44.
The firm has a market capitalization of $46.54 billion and a P/E ratio of 23.99. The stock has a 50-day moving average of $133.45 and a 200 day moving average of $131.30.
Kimberly-Clark Corp. (NYSE:KMB) last posted its earnings results on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.05. During the same period last year, the business posted $1.41 earnings per share. The business earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.56 billion. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities research analysts anticipate that Kimberly-Clark Corp. will post $6.09 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, September 7th.
In other Kimberly-Clark Corp. news, Chairman Thomas J. Falk sold 206,445 shares of Kimberly-Clark Corp. stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $133.40, for a total transaction of $27,539,763.00. Following the completion of the transaction, the chairman now directly owns 125,574 shares of the company’s stock, valued at $16,751,571.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Lizanne C. Gottung sold 6,204 shares of Kimberly-Clark Corp. stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $132.17, for a total transaction of $819,982.68. Following the transaction, the senior vice president now directly owns 11,797 shares of the company’s stock, valued at $1,559,209.49. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in 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 valued at $1,063,000 after buying an additional 471 shares during the last quarter. OppenheimerFunds Inc. purchased a new position in Kimberly-Clark Corp. during the fourth quarter valued at approximately $1,112,000. I.G. Investment Management LTD. raised its position in 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 valued at $1,153,000 after buying an additional 8,940 shares during the last quarter. Legacy Capital Partners Inc. raised its position in Kimberly-Clark Corp. by 7.7% in the fourth quarter. Legacy Capital Partners Inc. now owns 9,111 shares of the company’s stock valued at $1,160,000 after buying an additional 655 shares during the last quarter. Finally, Sawtooth Asset Management Inc. raised its position in Kimberly-Clark Corp. by 442.3% in the fourth quarter. Sawtooth Asset Management Inc. now owns 9,566 shares of the company’s stock valued at $1,218,000 after buying an additional 7,802 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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