Traders Sell Kimberly-Clark Corp. (KMB) on Strength (KMB)
Traders sold shares of Kimberly-Clark Corp. (NYSE:KMB) on strength during trading hours on Wednesday. $57.28 million flowed into the stock on the tick-up and $76.62 million flowed out of the stock on the tick-down, for a money net flow of $19.34 million out of the stock. Of all companies tracked, Kimberly-Clark Corp. had the 0th highest net out-flow for the day. Kimberly-Clark Corp. traded up $0.02 for the day and closed at $127.55
KMB has been the subject of several analyst reports. B. Riley reissued a “neutral” rating and issued a $124.00 price objective on shares of Kimberly-Clark Corp. in a report on Tuesday, July 26th. Zacks Investment Research cut Kimberly-Clark Corp. from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. Argus reissued a “hold” rating on shares of Kimberly-Clark Corp. in a report on Monday, May 2nd. Citigroup Inc. boosted their price objective on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Finally, TheStreet raised Kimberly-Clark Corp. from a “hold” rating to a “buy” rating in a report on Friday, April 22nd. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kimberly-Clark Corp. has a consensus rating of “Buy” and an average price target of $134.44.
The stock has a market capitalization of $45.87 billion and a price-to-earnings ratio of 23.65. The company’s 50-day moving average price is $132.61 and its 200 day moving average price is $131.55.
Kimberly-Clark Corp. (NYSE:KMB) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.05. During the same period in the previous year, the business posted $1.41 EPS. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.56 billion. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities analysts expect that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, September 7th.
In other Kimberly-Clark Corp. news, insider Anthony J. Palmer sold 3,080 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the insider now owns 5,995 shares of the company’s stock, valued at $779,350. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Thomas J. Falk sold 206,445 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $133.40, for a total value of $27,539,763.00. Following the transaction, the chairman now directly owns 125,574 shares in the company, valued at approximately $16,751,571.60. The disclosure for this sale can be found here.
Several institutional investors have recently modified their holdings of KMB. 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 valued at $1,063,000 after buying an additional 471 shares during the last quarter. 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 worth $1,153,000 after buying an additional 8,940 shares in the last quarter. Bronfman E.L. Rothschild L.P. bought a new position in Kimberly-Clark Corp. during the fourth quarter worth about $1,458,000. Palladium Partners LLC raised its position in Kimberly-Clark Corp. by 4.1% in the fourth quarter. Palladium Partners LLC now owns 12,627 shares of the company’s stock worth $1,607,000 after buying an additional 495 shares in the last quarter. Finally, Buckingham Capital Management Inc. raised its position in Kimberly-Clark Corp. by 0.4% in the third quarter. Buckingham Capital Management Inc. now owns 16,231 shares of the company’s stock worth $1,770,000 after buying an additional 64 shares in 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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