Investors Buy Shares of Kimberly-Clark Corporation (KMB) on Weakness
Traders bought shares of Kimberly-Clark Corporation (NYSE:KMB) on weakness during trading hours on Friday. $158.17 million flowed into the stock on the tick-up and $116.77 million flowed out of the stock on the tick-down, for a money net flow of $41.40 million into the stock. Of all stocks tracked, Kimberly-Clark Corporation had the 21st highest net in-flow for the day. Kimberly-Clark Corporation traded down ($2.11) for the day and closed at $113.44
A number of research analysts have weighed in on KMB shares. Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. Zacks Investment Research downgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Monday. Royal Bank Of Canada restated a “hold” rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a report on Friday, October 13th. UBS AG downgraded shares of Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and cut their price target for the stock from $134.00 to $120.00 in a report on Wednesday, July 12th. Finally, BidaskClub downgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $128.46.
The stock has a 50 day moving average of $118.38 and a 200-day moving average of $125.07. The firm has a market capitalization of $40.08 billion, a P/E ratio of 18.94 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same period last year, the firm posted $1.53 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities research analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th were issued a $0.97 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.42%. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.
In other news, Director Robert W. Decherd acquired 1,500 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the acquisition, the director now directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Tortoise Investment Management LLC boosted its position in Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after purchasing an additional 34 shares during the last quarter. Heritage Trust Co purchased a new position in shares of Kimberly-Clark Corporation during the 1st quarter valued at $118,000. Acrospire Investment Management LLC lifted its position in shares of Kimberly-Clark Corporation by 125.0% during the 1st quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 500 shares during the last quarter. Armbruster Capital Management Inc. lifted its position in shares of Kimberly-Clark Corporation by 38.5% during the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 250 shares during the last quarter. Finally, V Wealth Management LLC purchased a new position in shares of Kimberly-Clark Corporation during the 2nd quarter valued at $123,000. Institutional investors and hedge funds own 70.01% of the company’s stock.
About Kimberly-Clark Corporation
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. 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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