Thomas J. Mielke Sells 20,108 Shares of Kimberly Clark Corp (KMB) Stock
Kimberly Clark Corp (NYSE:KMB) SVP Thomas J. Mielke sold 20,108 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $128.11, for a total value of $2,576,035.88. Following the completion of the sale, the senior vice president now owns 23,543 shares in the company, valued at $3,016,093.73. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Kimberly Clark Corp (NYSE:KMB) traded down 0.45% during midday trading on Tuesday, hitting $127.42. The stock had a trading volume of 1,408,860 shares. The stock’s 50-day moving average is $130.69 and its 200-day moving average is $123.27. Kimberly Clark Corp has a one year low of $111.30 and a one year high of $138.87. The company has a market cap of $45.22 billion, a P/E ratio of 21.03 and a beta of 0.65.
Kimberly Clark Corp (NYSE:KMB) last issued its quarterly earnings results on Monday, April 24th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.54 by $0.03. Kimberly Clark Corp had a net margin of 11.90% and a return on equity of 614.22%. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the previous year, the firm posted $1.53 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts predict that Kimberly Clark Corp will post $6.28 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, June 9th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $3.88 annualized dividend and a yield of 3.05%. Kimberly Clark Corp’s dividend payout ratio is currently 61.54%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jensen Investment Management Inc. raised its position in shares of Kimberly Clark Corp by 11.8% in the third quarter. Jensen Investment Management Inc. now owns 3,600 shares of the company’s stock worth $454,000 after buying an additional 380 shares during the last quarter. Concorde Asset Management LLC purchased a new stake in Kimberly Clark Corp during the third quarter valued at about $244,000. Savant Capital LLC raised its stake in shares of Kimberly Clark Corp by 4.5% in the third quarter. Savant Capital LLC now owns 5,202 shares of the company’s stock worth $656,000 after buying an additional 225 shares in the last quarter. Synovus Financial Corp raised its stake in shares of Kimberly Clark Corp by 2.9% in the third quarter. Synovus Financial Corp now owns 101,626 shares of the company’s stock worth $12,817,000 after buying an additional 2,837 shares in the last quarter. Finally, Rothschild Asset Management Inc. raised its stake in shares of Kimberly Clark Corp by 36.4% in the third quarter. Rothschild Asset Management Inc. now owns 4,482 shares of the company’s stock worth $565,000 after buying an additional 1,197 shares in the last quarter. 68.65% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently commented on the company. Barclays PLC set a $135.00 target price on Kimberly Clark Corp and gave the company a “hold” rating in a research report on Saturday, February 18th. B. Riley restated a “neutral” rating and issued a $128.00 target price on shares of Kimberly Clark Corp in a research report on Monday, January 30th. Jefferies Group LLC lowered their target price on Kimberly Clark Corp from $134.00 to $133.00 and set a “hold” rating on the stock in a research report on Tuesday, April 25th. Vetr cut Kimberly Clark Corp from a “buy” rating to a “hold” rating and set a $139.00 target price on the stock. in a research report on Tuesday, April 18th. Finally, Zacks Investment Research upgraded Kimberly Clark Corp from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Wednesday, April 12th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $133.50.
About Kimberly Clark Corp
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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