Kimberly-Clark (NYSE:KMB) Trading Up 0.6%

Kimberly-Clark Co. (NYSE:KMBGet Rating)’s stock price shot up 0.6% on Thursday . The stock traded as high as $123.41 and last traded at $123.14. 13,394 shares were traded during trading, a decline of 99% from the average session volume of 2,007,867 shares. The stock had previously closed at $122.41.

Several analysts have recently issued reports on KMB shares. JPMorgan Chase & Co. reduced their price target on shares of Kimberly-Clark from $118.00 to $113.00 in a research report on Wednesday, March 30th. Morgan Stanley raised their price target on Kimberly-Clark from $133.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Monday, April 25th. UBS Group boosted their price target on Kimberly-Clark from $128.00 to $140.00 in a research note on Monday, April 25th. Wells Fargo & Company raised their price target on shares of Kimberly-Clark from $128.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, April 25th. Finally, Royal Bank of Canada boosted their price objective on shares of Kimberly-Clark from $122.00 to $124.00 and gave the company a “sector perform” rating in a research report on Monday, April 25th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $132.60.

The company has a market capitalization of $40.89 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 4.39 and a beta of 0.37. The company has a debt-to-equity ratio of 9.49, a current ratio of 0.81 and a quick ratio of 0.50. The company has a fifty day moving average price of $132.56 and a 200 day moving average price of $133.02.

Kimberly-Clark (NYSE:KMBGet Rating) last issued its quarterly earnings results on Friday, April 22nd. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.12. Kimberly-Clark had a net margin of 8.86% and a return on equity of 253.93%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same quarter last year, the business posted $1.80 earnings per share. Kimberly-Clark’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that Kimberly-Clark Co. will post 5.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Investors of record on Friday, June 10th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Thursday, June 9th. Kimberly-Clark’s payout ratio is 89.40%.

In other Kimberly-Clark news, CEO Michael D. Hsu sold 41,698 shares of the business’s stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of $140.08, for a total value of $5,841,055.84. Following the completion of the transaction, the chief executive officer now directly owns 89,593 shares of the company’s stock, valued at $12,550,187.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Doug Cunningham sold 3,627 shares of the firm’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $138.00, for a total value of $500,526.00. Following the completion of the sale, the insider now directly owns 4,242 shares in the company, valued at approximately $585,396. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,696 shares of company stock valued at $8,807,911. 0.55% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. OLD Mission Capital LLC purchased a new position in Kimberly-Clark in the third quarter worth approximately $5,671,000. Morgan Stanley boosted its position in shares of Kimberly-Clark by 23.4% in the 2nd quarter. Morgan Stanley now owns 3,816,069 shares of the company’s stock valued at $510,514,000 after purchasing an additional 723,357 shares during the period. Keudell Morrison Wealth Management raised its stake in shares of Kimberly-Clark by 13.4% in the 3rd quarter. Keudell Morrison Wealth Management now owns 3,610 shares of the company’s stock valued at $478,000 after acquiring an additional 426 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Kimberly-Clark in the 3rd quarter valued at $7,668,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Kimberly-Clark during the third quarter worth $306,000. Institutional investors own 74.32% of the company’s stock.

Kimberly-Clark Company Profile (NYSE:KMB)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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