Investors sold shares of Kimberly-Clark Corporation (NYSE:KMB) on strength during trading on Thursday. $29.26 million flowed into the stock on the tick-up and $47.09 million flowed out of the stock on the tick-down, for a money net flow of $17.83 million out of the stock. Of all equities tracked, Kimberly-Clark Corporation had the 30th highest net out-flow for the day. Kimberly-Clark Corporation traded up $0.32 for the day and closed at $121.68
Several equities research analysts have recently weighed in on KMB shares. Jefferies Group LLC assumed coverage on shares of Kimberly-Clark Corporation in a research report on Tuesday, April 18th. They issued a “hold” rating and a $134.00 price target for the company. Vetr lowered shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and set a $139.00 price objective for the company. in a research note on Tuesday, April 18th. B. Riley reiterated a “neutral” rating and set a $128.00 price objective on shares of Kimberly-Clark Corporation in a research note on Sunday, April 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $121.00 price objective on shares of Kimberly-Clark Corporation in a research note on Tuesday, April 25th. Finally, TheStreet upgraded shares of Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research note on Wednesday, April 26th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $133.07.
The firm has a market cap of $42.99 billion, a PE ratio of 20.32 and a beta of 0.76. The firm has a 50 day moving average price of $124.79 and a 200-day moving average price of $128.60.
Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.49. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 EPS. 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 will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd bought 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average price of $122.21 per share, with a total value of $183,315.00. Following the transaction, the director now owns 43,444 shares in the company, valued at $5,309,291.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sergio Cruz sold 7,078 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total transaction of $920,210.78. Following the sale, the insider now directly owns 4,910 shares of the company’s stock, valued at approximately $638,349.10. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of KMB. Swiss National Bank increased its stake in shares of Kimberly-Clark Corporation by 20.5% in the first quarter. Swiss National Bank now owns 1,657,528 shares of the company’s stock valued at $218,180,000 after buying an additional 282,300 shares during the period. Decatur Capital Management Inc. purchased a new stake in shares of Kimberly-Clark Corporation during the first quarter valued at about $7,454,000. Delta Asset Management LLC TN increased its stake in shares of Kimberly-Clark Corporation by 2.4% in the first quarter. Delta Asset Management LLC TN now owns 3,020 shares of the company’s stock valued at $397,000 after buying an additional 70 shares during the period. Davis R M Inc. increased its stake in shares of Kimberly-Clark Corporation by 3.5% in the first quarter. Davis R M Inc. now owns 31,653 shares of the company’s stock valued at $4,166,000 after buying an additional 1,067 shares during the period. Finally, Sequent Asset Management LLC purchased a new stake in shares of Kimberly-Clark Corporation during the first quarter valued at about $237,000. 70.15% of the stock is owned by institutional investors.
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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