Kimberly-Clark Corp. (KMB) Shares Gap Up to $122.17
Kimberly-Clark Corp. (NYSE:KMB) shares gapped up prior to trading on Tuesday . The stock had previously closed at $122.10, but opened at $122.17. Kimberly-Clark Corp. shares last traded at $123.89, with a volume of 704,136 shares.
Several research firms recently commented on KMB. Zacks Investment Research raised shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price target on the stock in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and issued a $156.00 price target (up previously from $152.00) on shares of Kimberly-Clark Corp. in a research note on Friday, July 15th. B. Riley reaffirmed a “neutral” rating and issued a $124.00 price target on shares of Kimberly-Clark Corp. in a research note on Sunday, July 31st. Citigroup Inc. raised their price target on shares of Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $132.00 price target (up previously from $130.00) on shares of Kimberly-Clark Corp. in a research note on Sunday, July 24th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $136.63.
The firm’s 50 day moving average price is $127.18 and its 200-day moving average price is $130.86. The stock has a market cap of $44.40 billion, a price-to-earnings ratio of 22.89 and a beta of 0.35.
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Kimberly-Clark Corp. (NYSE:KMB) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.05. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corp. had a net margin of 10.70% and a return on equity of 815.72%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS. On average, equities analysts predict that Kimberly-Clark Corp. will post $6.08 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be given a dividend of $0.92 per share. The ex-dividend date is Wednesday, September 7th. This represents a $3.68 annualized dividend and a dividend yield of 2.98%. Kimberly-Clark Corp.’s payout ratio is 68.40%.
In related news, insider Anthony J. Palmer sold 3,080 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the insider now directly owns 5,995 shares in the company, valued at approximately $779,350. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Thomas J. Falk sold 206,445 shares of the business’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $133.40, for a total transaction of $27,539,763.00. Following the completion of the sale, the chairman now owns 125,574 shares in the company, valued at $16,751,571.60. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Capital Management Corp VA raised its stake in shares of Kimberly-Clark Corp. by 0.5% in the second quarter. Capital Management Corp VA now owns 1,778 shares of the company’s stock valued at $244,000 after buying an additional 8 shares during the period. Hanson & Doremus Investment Management raised its stake in shares of Kimberly-Clark Corp. by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 1,145 shares of the company’s stock valued at $157,000 after buying an additional 10 shares during the period. Adirondack Trust Co. raised its stake in shares of Kimberly-Clark Corp. by 0.4% in the second quarter. Adirondack Trust Co. now owns 2,643 shares of the company’s stock valued at $363,000 after buying an additional 11 shares during the period. Woodmont Investment Counsel LLC raised its stake in shares of Kimberly-Clark Corp. by 0.3% in the second quarter. Woodmont Investment Counsel LLC now owns 4,557 shares of the company’s stock valued at $626,000 after buying an additional 12 shares during the period. Finally, Kistler Tiffany Companies LLC raised its stake in shares of Kimberly-Clark Corp. by 0.4% in the second quarter. Kistler Tiffany Companies LLC now owns 3,018 shares of the company’s stock valued at $415,000 after buying an additional 13 shares during the period. Hedge funds and other institutional investors own 68.53% of the company’s stock.
Kimberly-Clark Corp. 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 operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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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