Kimberly Clark Corp SVP Sells $902,523 in Stock (KMB)
Kimberly Clark Corp (NYSE:KMB) SVP Thomas J. Mielke sold 8,249 shares of Kimberly Clark Corp stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $109.41, for a total value of $902,523.09. Following the transaction, the senior vice president now directly owns 23,331 shares in the company, valued at approximately $2,552,645. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Kimberly Clark Corp (NYSE:KMB) traded up 0.40% on Monday, hitting $109.21. The stock had a trading volume of 1,027,130 shares. Kimberly Clark Corp has a 52 week low of $91.44 and a 52 week high of $114.45. The stock has a 50-day moving average of $109.2 and a 200-day moving average of $110.0. The company has a market cap of $40.836 billion and a P/E ratio of 19.56.
Kimberly Clark Corp (NYSE:KMB) last announced its earnings results on Tuesday, July 22nd. The company reported $1.49 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.50 by $0.01. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter last year, the company posted $1.41 earnings per share. Kimberly Clark Corp’s revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that Kimberly Clark Corp will post $6.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 2nd. Investors of record on Friday, September 5th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Kimberly Clark Corp in a research note on Thursday, July 24th. They now have a $115.00 price target on the stock. Separately, analysts at Bernstein cut their price target on shares of Kimberly Clark Corp from $116.00 to $113.00 in a research note on Wednesday, July 23rd. Finally, analysts at Barclays upgraded shares of Kimberly Clark Corp from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $110.70.
Kimberly-Clark Corporation (NYSE:KMB), incorporated on June 29, 1928, is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers.
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