Kimberly Clark Corp (NYSE:KMB) insider Anthony J. Palmer sold 6,122 shares of Kimberly Clark stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $115.11, for a total transaction of $704,703.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
NYSE:KMB opened at $116.09 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24. Kimberly Clark Corp has a twelve month low of $97.10 and a twelve month high of $120.48. The stock has a market capitalization of $39.97 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 3.20 and a beta of 0.57.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Wednesday, January 23rd. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.08). Kimberly Clark had a return on equity of 1,156.45% and a net margin of 7.63%. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same period last year, the firm earned $1.57 earnings per share. Kimberly Clark’s revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts anticipate that Kimberly Clark Corp will post 6.59 earnings per share for the current year.
Hedge funds have recently modified their holdings of the business. Moody National Bank Trust Division purchased a new position in Kimberly Clark during the fourth quarter worth about $27,000. Proficio Capital Partners LLC increased its position in shares of Kimberly Clark by 76.9% during the fourth quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock valued at $29,000 after acquiring an additional 110 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of Kimberly Clark by 154.5% during the fourth quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock valued at $32,000 after acquiring an additional 170 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Kimberly Clark during the fourth quarter valued at about $33,000. Finally, Loeb Partners Corp acquired a new stake in shares of Kimberly Clark during the fourth quarter valued at about $34,000. 73.58% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on the stock. BNP Paribas began coverage on shares of Kimberly Clark in a research report on Monday. They issued an “outperform” rating and a $130.00 target price on the stock. Morgan Stanley raised their price target on shares of Kimberly Clark from $113.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Exane BNP Paribas began coverage on shares of Kimberly Clark in a research note on Tuesday. They issued an “outperform” rating and a $130.00 price target on the stock. Finally, JPMorgan Chase & Co. raised shares of Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 price target on the stock in a research note on Friday, January 18th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $113.19.
Kimberly Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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