Investors Buy Kimberly-Clark Corp. (KMB) on Weakness
Traders bought shares of Kimberly-Clark Corp. (NYSE:KMB) on weakness during trading hours on Friday. $63.57 million flowed into the stock on the tick-up and $40.02 million flowed out of the stock on the tick-down, for a money net flow of $23.55 million into the stock. Of all companies tracked, Kimberly-Clark Corp. had the 19th highest net in-flow for the day. Kimberly-Clark Corp. traded down ($0.67) for the day and closed at $126.78
A number of equities analysts have issued reports on KMB shares. Deutsche Bank AG reaffirmed a “hold” rating and issued a $132.00 target price (up from $130.00) on shares of Kimberly-Clark Corp. in a research report on Sunday, July 24th. B. Riley reissued a “neutral” rating and set a $124.00 price target on shares of Kimberly-Clark Corp. in a research report on Saturday, April 30th. Zacks Investment Research lowered Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Citigroup Inc. upped their price target on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Finally, Goldman Sachs Group Inc. reissued a “conviction-buy” rating and set a $156.00 price target (up from $152.00) on shares of Kimberly-Clark Corp. in a research report on Friday, July 15th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $134.44.
The company has a 50-day moving average price of $132.10 and a 200 day moving average price of $131.51. The company has a market capitalization of $45.59 billion and a PE ratio of 23.51.
Kimberly-Clark Corp. (NYSE:KMB) last released its earnings results on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.05. The business earned $4.60 billion during the quarter, compared to analyst estimates of $4.56 billion. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business earned $1.41 EPS. Analysts anticipate that Kimberly-Clark Corp. will post $6.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders 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 yield of 2.90%. 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 that occurred on Thursday, August 4th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the insider now owns 5,995 shares of the company’s stock, valued at approximately $779,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Lizanne C. Gottung sold 12,407 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $129.93, for a total value of $1,612,041.51. Following the completion of the sale, the senior vice president now directly owns 18,000 shares in the company, valued at approximately $2,338,740. The disclosure for this sale can be found here.
Other hedge funds have added to or reduced their stakes in the company. Buckingham Capital Management Inc. raised its stake 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 during the period. S&T Bank PA increased its stake in shares of Kimberly-Clark Corp. by 0.9% in the fourth quarter. S&T Bank PA now owns 24,290 shares of the company’s stock worth $3,092,000 after buying an additional 215 shares in the last quarter. Employees Retirement System of Texas increased its stake in shares of Kimberly-Clark Corp. by 1.3% in the fourth quarter. Employees Retirement System of Texas now owns 24,300 shares of the company’s stock worth $3,093,000 after buying an additional 300 shares in the last quarter. Pittenger & Anderson Inc. increased its stake in shares of Kimberly-Clark Corp. by 2.7% in the fourth quarter. Pittenger & Anderson Inc. now owns 15,515 shares of the company’s stock worth $1,975,000 after buying an additional 415 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake 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 worth $1,063,000 after buying an additional 471 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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