Kimberly-Clark Corp. (KMB) Reaches New 12-Month High at $138.87
Shares of Kimberly-Clark Corp. (NYSE:KMB) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $138.87 and last traded at $138.40, with a volume of 772,555 shares traded. The stock had previously closed at $137.00.
KMB has been the topic of several analyst reports. Zacks Investment Research raised shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price target on the stock in a research report on Tuesday, June 28th. TheStreet raised shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating in a research report on Friday, April 22nd. Deutsche Bank AG lowered shares of Kimberly-Clark Corp. from a “buy” rating to a “hold” rating and increased their price objective for the company from $130.00 to $145.00 in a research report on Monday, April 25th. Argus reissued a “hold” rating on shares of Kimberly-Clark Corp. in a research report on Monday, May 2nd. Finally, B. Riley reissued a “neutral” rating and issued a $124.00 price objective on shares of Kimberly-Clark Corp. in a research report on Saturday, April 30th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Kimberly-Clark Corp. has an average rating of “Hold” and a consensus price target of $132.57.
The firm has a market cap of $49.25 billion and a price-to-earnings ratio of 45.71. The company’s 50-day moving average is $130.96 and its 200-day moving average is $130.46.
Kimberly-Clark Corp. (NYSE:KMB) last posted its quarterly earnings results on Friday, April 22nd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.02. The business earned $4.50 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the business posted $1.42 EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. Analysts anticipate that Kimberly-Clark Corp. will post $6.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Friday, June 10th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.69%. The ex-dividend date was Wednesday, June 8th.
In other Kimberly-Clark Corp. news, insider Kimberly K. Underhill sold 3,073 shares of Kimberly-Clark Corp. stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $127.77, for a total transaction of $392,637.21. Following the transaction, the insider now directly owns 21,912 shares of the company’s stock, valued at approximately $2,799,696.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Sandra Macquillan sold 5,080 shares of Kimberly-Clark Corp. 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 transaction, the senior vice president now directly owns 7,187 shares in the company, valued at $932,513.25. The disclosure for this sale can be found here.
A number of institutional investors have recently bought and sold shares of KMB. Dimensional Fund Advisors LP increased its position in Kimberly-Clark Corp. by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 689,580 shares of the company’s stock worth $87,794,000 after buying an additional 61,343 shares in the last quarter. Stephens Inc. AR increased its position in Kimberly-Clark Corp. by 2.3% in the fourth quarter. Stephens Inc. AR now owns 69,535 shares of the company’s stock worth $8,852,000 after buying an additional 1,558 shares in the last quarter. I.G. Investment Management LTD. increased 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. Veritable L.P. increased its position in Kimberly-Clark Corp. by 6.7% in the fourth quarter. Veritable L.P. now owns 30,451 shares of the company’s stock worth $3,876,000 after buying an additional 1,908 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. purchased a new position in Kimberly-Clark Corp. during the fourth quarter worth about $1,458,000.
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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