Investors Buy Shares of Kimberly-Clark Corp. (KMB) on Weakness
Investors bought shares of Kimberly-Clark Corp. (NYSE:KMB) on weakness during trading on Wednesday. $82.83 million flowed into the stock on the tick-up and $43.04 million flowed out of the stock on the tick-down, for a money net flow of $39.79 million into the stock. Of all stocks tracked, Kimberly-Clark Corp. had the 15th highest net in-flow for the day. Kimberly-Clark Corp. traded down ($1.92) for the day and closed at $128.89
KMB has been the subject of a number of analyst reports. Deutsche Bank AG downgraded shares of Kimberly-Clark Corp. from a “buy” rating to a “hold” rating and raised their price objective for the stock from $130.00 to $145.00 in a report on Monday, April 25th. TheStreet raised shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating in a report on Friday, April 22nd. Zacks Investment Research downgraded shares of Kimberly-Clark Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 1st. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and set a $156.00 price objective (up from $152.00) on shares of Kimberly-Clark Corp. in a report on Friday, July 15th. Finally, Citigroup Inc. raised their price objective on shares of Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Kimberly-Clark Corp. presently has an average rating of “Buy” and an average price target of $134.44.
The company has a market capitalization of $46.35 billion and a PE ratio of 23.90. The firm’s 50 day moving average is $133.60 and its 200-day moving average is $131.32.
Kimberly-Clark Corp. (NYSE:KMB) last released its quarterly earnings data on Monday, July 25th. The company reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.05. During the same quarter in the prior year, the firm earned $1.41 earnings per share. The company earned $4.60 billion during the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corp.’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities analysts forecast that Kimberly-Clark Corp. will post $6.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be given a $0.92 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.86%.
In other news, SVP Sandra Macquillan sold 5,080 shares of the business’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $129.75, for a total value of $659,130.00. Following the completion of the sale, the senior vice president now owns 7,187 shares of the company’s stock, valued at $932,513.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Thomas J. Falk sold 206,445 shares of the business’s stock in a transaction dated 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 sale, the chairman now directly owns 125,574 shares of the company’s stock, valued at approximately $16,751,571.60. The disclosure for this sale can be found here.
Several large investors have made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in shares of Kimberly-Clark Corp. by 7.8% in the fourth quarter. Wells Fargo & Company MN now owns 3,411,865 shares of the company’s stock worth $434,329,000 after buying an additional 248,070 shares during the last quarter. Morgan Stanley boosted its stake in shares of Kimberly-Clark Corp. by 7.0% in the fourth quarter. Morgan Stanley now owns 2,808,139 shares of the company’s stock worth $357,475,000 after buying an additional 183,919 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Kimberly-Clark Corp. by 45.3% in the fourth quarter. Schroder Investment Management Group now owns 946,302 shares of the company’s stock worth $120,465,000 after buying an additional 294,962 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Kimberly-Clark Corp. by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 489,568 shares of the company’s stock worth $62,322,000 after buying an additional 9,112 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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