Investors purchased shares of Kimberly Clark Corp (NYSE:KMB) on weakness during trading on Friday. $55.68 million flowed into the stock on the tick-up and $30.30 million flowed out of the stock on the tick-down, for a money net flow of $25.38 million into the stock. Of all companies tracked, Kimberly Clark had the 8th highest net in-flow for the day. Kimberly Clark traded down ($0.11) for the day and closed at $111.94
A number of equities analysts have commented on KMB shares. Deutsche Bank started coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 target price on the stock. Citigroup downgraded shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a research note on Monday, December 11th. Finally, Zacks Investment Research downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. Kimberly Clark has an average rating of “Hold” and a consensus target price of $125.87.
The stock has a market cap of $39,258.03, a PE ratio of 17.46, a price-to-earnings-growth ratio of 2.02 and a beta of 0.69. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 7.34.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.03. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The firm had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter in the prior year, the company earned $1.45 EPS. The company’s revenue was up .8% compared to the same quarter last year. analysts anticipate that Kimberly Clark Corp will post 7 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be given a dividend of $1.00 per share. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $4.00 dividend on an annualized basis and a yield of 3.57%. Kimberly Clark’s dividend payout ratio is presently 62.40%.
In related news, insider Kimberly K. Underhill sold 23,158 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the sale, the insider now owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.56% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Coldstream Capital Management Inc. lifted its position in Kimberly Clark by 0.3% during the second quarter. Coldstream Capital Management Inc. now owns 1,597 shares of the company’s stock valued at $206,000 after acquiring an additional 5 shares during the last quarter. Jackson Grant Investment Advisers Inc. raised its holdings in shares of Kimberly Clark by 0.6% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,480 shares of the company’s stock worth $320,000 after buying an additional 14 shares during the last quarter. Omnia Family Wealth LLC raised its holdings in shares of Kimberly Clark by 1.7% in the second quarter. Omnia Family Wealth LLC now owns 1,679 shares of the company’s stock worth $218,000 after buying an additional 28 shares during the last quarter. PagnatoKarp Partners LLC raised its holdings in shares of Kimberly Clark by 1.6% in the second quarter. PagnatoKarp Partners LLC now owns 2,164 shares of the company’s stock worth $281,000 after buying an additional 34 shares during the last quarter. Finally, AMG Funds LLC raised its holdings in shares of Kimberly Clark by 0.3% in the second quarter. AMG Funds LLC now owns 11,995 shares of the company’s stock worth $1,549,000 after buying an additional 39 shares during the last quarter. 73.66% of the stock is owned by institutional investors.
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About Kimberly Clark
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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