Insider Selling: Elane B. Stock Sells 14,303 Shares of Kimberly-Clark Corp. Stock (KMB)
Kimberly-Clark Corp. (NYSE:KMB) Insider Elane B. Stock sold 14,303 shares of the stock on the open market in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $107.76, for a total transaction of $1,541,291.28. Following the transaction, the insider now directly owns 2,853 shares of the company’s stock, valued at approximately $307,439. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 1.51% on Wednesday, hitting $107.01. 2,743,706 shares of the company’s stock traded hands. Kimberly-Clark Corp. has a 52 week low of $87.52 and a 52 week high of $111.68. The stock has a 50-day moving average of $105.0 and a 200-day moving average of $101.. The company has a market cap of $40.907 billion and a P/E ratio of 19.65.
Kimberly-Clark Corp. (NYSE:KMB) last posted its quarterly earnings results on Friday, January 24th. The company reported $1.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.39 by $0.01. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter last year, the company posted $1.37 earnings per share. Kimberly-Clark Corp.’s revenue was up .0% compared to the same quarter last year. Analysts expect that Kimberly-Clark Corp. will post $6.12 EPS for the current fiscal year.
A number of research firms have recently commented on KMB. Analysts at BTIG Research initiated coverage on shares of Kimberly-Clark Corp. in a research note to investors on Wednesday. They set a “neutral” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Kimberly-Clark Corp. from $6.00 to $111.00 in a research note to investors on Tuesday. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Kimberly-Clark Corp. in a research note to investors on Monday. They now have a $110.00 price target on the stock, up previously from $101.00. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $104.76.
Kimberly-Clark Corporation (NYSE:KMB) is a global company focused on the world in essentials for a better life through product innovation and building its personal care, consumer tissue, K C professional and health care brands.
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