Kimberly-Clark (NYSE:KMB) SVP Sandra Macquillan sold 3,045 shares of the company’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $105.63, for a total value of $321,643.35. Following the completion of the sale, the senior vice president now owns 5,642 shares in the company, valued at approximately $595,964.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE KMB opened at $105.46 on Friday. The company has a market cap of $36.46 billion, a PE ratio of 16.38, a PEG ratio of 2.11 and a beta of 0.66. The company has a debt-to-equity ratio of 10.96, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark has a 1-year low of $97.10 and a 1-year high of $134.29.
Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Monday, April 23rd. The company reported $1.71 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.71. The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.60 billion. Kimberly-Clark had a return on equity of 398.41% and a net margin of 9.77%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 earnings per share. equities research analysts predict that Kimberly-Clark will post 6.94 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Friday, June 8th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Thursday, June 7th. Kimberly-Clark’s dividend payout ratio is currently 64.21%.
Several analysts have issued reports on the company. Zacks Investment Research lowered Kimberly-Clark from a “hold” rating to a “sell” rating in a research note on Thursday, April 26th. Barclays restated a “hold” rating and issued a $113.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, April 25th. TheStreet lowered Kimberly-Clark from a “b” rating to a “c+” rating in a research note on Monday, April 23rd. Royal Bank of Canada reiterated an “in-line” rating on shares of Kimberly-Clark in a research note on Tuesday, April 24th. Finally, Citigroup set a $94.00 target price on Kimberly-Clark and gave the stock a “sell” rating in a research note on Tuesday, April 24th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $119.33.
Large investors have recently modified their holdings of the stock. Synovus Financial Corp grew its position in Kimberly-Clark by 4.3% during the fourth quarter. Synovus Financial Corp now owns 116,561 shares of the company’s stock worth $14,044,000 after buying an additional 4,848 shares in the last quarter. Brandywine Global Investment Management LLC grew its position in Kimberly-Clark by 2.9% during the fourth quarter. Brandywine Global Investment Management LLC now owns 213,010 shares of the company’s stock worth $25,702,000 after buying an additional 5,950 shares in the last quarter. Pittenger & Anderson Inc. grew its position in Kimberly-Clark by 12.1% during the fourth quarter. Pittenger & Anderson Inc. now owns 16,040 shares of the company’s stock worth $1,935,000 after buying an additional 1,735 shares in the last quarter. Koch Industries Inc. acquired a new stake in Kimberly-Clark during the fourth quarter worth approximately $725,000. Finally, Fort Pitt Capital Group LLC grew its position in Kimberly-Clark by 17.6% during the fourth quarter. Fort Pitt Capital Group LLC now owns 268,845 shares of the company’s stock worth $32,439,000 after buying an additional 40,224 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.
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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