Insider Selling: Kimberly Clark Corp (KMB) Insider Sells $704,703.42 in Stock

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.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, March 7th. This is an increase from Kimberly Clark’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 3.55%. Kimberly Clark’s payout ratio is 60.51%.

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.

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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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