Kimberly-Clark Co. (NYSE:KMB - Get Free Report) insider Jeffrey P. Melucci sold 6,390 shares of Kimberly-Clark stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $135.59, for a total transaction of $866,420.10. Following the transaction, the insider now owns 33,649 shares of the company's stock, valued at $4,562,467.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Kimberly-Clark Stock Up 0.5 %
KMB stock opened at $135.93 on Tuesday. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $147.02. The stock has a fifty day moving average of $126.22 and a 200-day moving average of $123.03. The company has a market capitalization of $45.77 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 3.85 and a beta of 0.40. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81.
Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same quarter last year, the business earned $1.67 earnings per share. The company's quarterly revenue was down .9% on a year-over-year basis. As a group, equities research analysts predict that Kimberly-Clark Co. will post 7 earnings per share for the current year.
Institutional Inflows and Outflows
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Hedge funds have recently bought and sold shares of the business. Rise Advisors LLC lifted its holdings in Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company's stock worth $25,000 after purchasing an additional 176 shares in the last quarter. Accordant Advisory Group Inc purchased a new position in Kimberly-Clark during the 1st quarter valued at about $27,000. Cranbrook Wealth Management LLC increased its position in shares of Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company's stock valued at $26,000 after buying an additional 100 shares during the period. OFI Invest Asset Management purchased a new stake in shares of Kimberly-Clark in the third quarter worth about $25,000. Finally, Centerpoint Advisors LLC boosted its holdings in Kimberly-Clark by 175.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company's stock valued at $33,000 after purchasing an additional 175 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have commented on the company. Barclays boosted their price objective on Kimberly-Clark from $132.00 to $136.00 and gave the stock an "equal weight" rating in a report on Thursday, April 25th. Wells Fargo & Company lifted their price objective on shares of Kimberly-Clark from $131.00 to $136.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 24th. StockNews.com upgraded shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a report on Thursday, April 11th. Royal Bank of Canada boosted their price target on shares of Kimberly-Clark from $123.00 to $126.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 24th. Finally, Citigroup increased their price objective on shares of Kimberly-Clark from $111.00 to $125.00 and gave the company a "sell" rating in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $134.85.
About Kimberly-Clark
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.
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