Katy Chen Sells 454 Shares of Kimberly-Clark Co. (NYSE:KMB) Stock

Kimberly-Clark Co. (NYSE:KMB) insider Katy Chen sold 454 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $135.24, for a total value of $61,398.96. Following the sale, the insider now directly owns 520 shares of the company’s stock, valued at $70,324.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Kimberly-Clark Trading Down 0.0 %

Kimberly-Clark stock opened at $136.47 on Thursday. The stock has a market cap of $45.95 billion, a PE ratio of 25.09, a P/E/G ratio of 3.87 and a beta of 0.40. The stock has a 50-day moving average price of $126.88 and a 200 day moving average price of $123.24. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $147.02. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS. Equities research analysts predict that Kimberly-Clark Co. will post 7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KMB. JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a report on Wednesday, April 24th. Wells Fargo & Company raised their target price on Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a report on Wednesday, April 24th. Royal Bank of Canada raised their target price on Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft raised their target price on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Finally, Piper Sandler raised their target price on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $134.85.

Institutional Trading of Kimberly-Clark

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Kimberly-Clark by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock valued at $869,090,000 after purchasing an additional 177,712 shares in the last quarter. American Century Companies Inc. lifted its position in Kimberly-Clark by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after acquiring an additional 641,187 shares in the last quarter. Morgan Stanley lifted its position in Kimberly-Clark by 4.6% during the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after acquiring an additional 212,739 shares in the last quarter. Northern Trust Corp lifted its position in Kimberly-Clark by 4.0% during the 3rd quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock worth $489,650,000 after acquiring an additional 155,066 shares in the last quarter. Finally, Norges Bank acquired a new position in Kimberly-Clark during the 4th quarter worth approximately $437,420,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

About Kimberly-Clark

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