Investors Buy Shares of Kimberly-Clark Corporation (KMB) on Weakness
Traders bought shares of Kimberly-Clark Corporation (NYSE:KMB) on weakness during trading hours on Tuesday. $49.97 million flowed into the stock on the tick-up and $32.50 million flowed out of the stock on the tick-down, for a money net flow of $17.47 million into the stock. Of all companies tracked, Kimberly-Clark Corporation had the 19th highest net in-flow for the day. Kimberly-Clark Corporation traded down ($1.39) for the day and closed at $115.58
Several equities research analysts have recently weighed in on KMB shares. BidaskClub upgraded Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price target on Kimberly-Clark Corporation and gave the stock a “buy” rating in a report on Monday, June 19th. Citigroup Inc. set a $132.00 price target on Kimberly-Clark Corporation and gave the stock a “hold” rating in a report on Wednesday, July 26th. Jefferies Group LLC reiterated a “hold” rating and issued a $122.00 price target (down from $133.00) on shares of Kimberly-Clark Corporation in a report on Thursday, July 6th. Finally, Berenberg Bank started coverage on Kimberly-Clark Corporation in a report on Friday, June 9th. They issued a “hold” rating and a $136.00 price target on the stock. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $130.93.
The stock has a market cap of $41.40 billion, a P/E ratio of 19.57 and a beta of 0.76. The company has a 50-day moving average of $120.23 and a 200-day moving average of $126.38.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting analysts’ consensus estimates of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the prior year, the firm earned $1.53 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. Analysts predict that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is 64.88%.
In other news, Director Robert W. Decherd purchased 1,500 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the purchase, the director now directly owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Kimberly-Clark Corporation by 2.2% during the second quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after purchasing an additional 537,794 shares in the last quarter. State Street Corp lifted its stake in Kimberly-Clark Corporation by 1.3% during the first quarter. State Street Corp now owns 17,653,917 shares of the company’s stock worth $2,323,785,000 after purchasing an additional 225,993 shares in the last quarter. Capital Research Global Investors lifted its stake in Kimberly-Clark Corporation by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after purchasing an additional 3,191,549 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Kimberly-Clark Corporation by 3.3% during the second quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock worth $731,643,000 after purchasing an additional 181,517 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Kimberly-Clark Corporation by 5.1% during the first quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock worth $566,053,000 after purchasing an additional 207,316 shares in the last quarter. Institutional investors own 70.10% of the company’s stock.
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Kimberly-Clark Corporation Company Profile
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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