Kimberly-Clark Corp. (KMB) Sees Large Volume Increase
Shares of Kimberly-Clark Corp. (NYSE:KMB) saw an uptick in trading volume on Thursday . 1,364,582 shares traded hands during trading, a decline of 9% from the previous session’s volume of 1,502,512 shares.The stock last traded at $134.43 and had previously closed at $136.75.
Several research firms have recently commented on KMB. Zacks Investment Research lowered shares of Kimberly-Clark Corp. from a “buy” rating to a “hold” rating in a research report on Friday, July 1st. Argus reaffirmed a “hold” rating on shares of Kimberly-Clark Corp. in a report on Monday, May 2nd. 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. TheStreet raised shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating in a report on Friday, April 22nd. Finally, Deutsche Bank AG downgraded shares of Kimberly-Clark Corp. from a “buy” rating to a “hold” rating and upped their price objective for the stock from $130.00 to $145.00 in a report on Monday, April 25th. Six investment 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 price target of $132.57.
The company has a market cap of $48.96 billion and a PE ratio of 45.44. The stock has a 50 day moving average of $131.47 and a 200-day moving average of $130.56.
Kimberly-Clark Corp. (NYSE:KMB) last posted its earnings results on Friday, April 22nd. The company reported $1.53 earnings per share 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 period in the previous year, the firm posted $1.42 earnings per share. The firm’s revenue was down 4.6% compared to the same quarter last year. Analysts expect that Kimberly-Clark Corp. will post $6.09 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Friday, June 10th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Wednesday, June 8th.
In related news, SVP Sandra Macquillan sold 5,080 shares of the business’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 transaction, the senior vice president now directly owns 7,187 shares of the company’s stock, valued at approximately $932,513.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kimberly K. Underhill sold 3,073 shares of the business’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 directly owns 21,912 shares in the company, valued at $2,799,696.24. The disclosure for this sale can be found here.
Other hedge funds have recently added to or reduced their stakes in the company. 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 valued at $3,071,000 after buying an additional 725 shares during the period. Roffman Miller Associates Inc. PA increased its stake in Kimberly-Clark Corp. by 4.3% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 33,773 shares of the company’s stock valued at $4,299,000 after buying an additional 1,395 shares during the period. World Asset Management Inc increased its stake in Kimberly-Clark Corp. by 5.8% in the fourth quarter. World Asset Management Inc now owns 45,563 shares of the company’s stock valued at $5,800,000 after buying an additional 2,486 shares during the period. Fort Pitt Capital Group LLC purchased a new stake in Kimberly-Clark Corp. during the fourth quarter valued at about $26,070,000. Finally, Transamerica Financial Advisors Inc. increased its stake in Kimberly-Clark Corp. by 3.2% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 9,014 shares of the company’s stock valued at $1,148,000 after buying an additional 282 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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