Insider Selling: Kimberly Clark Corp (NYSE:KMB) Insider Sells $1,733,820.00 in Stock

Kimberly Clark Corp (NYSE:KMB) insider Kimberly K. Underhill sold 11,715 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $148.00, for a total transaction of $1,733,820.00. Following the completion of the sale, the insider now directly owns 44,773 shares in the company, valued at $6,626,404. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

NYSE KMB opened at $152.04 on Thursday. The company has a debt-to-equity ratio of 14.59, a quick ratio of 0.63 and a current ratio of 0.91. The firm’s 50 day moving average price is $142.15 and its 200-day moving average price is $139.20. Kimberly Clark Corp has a 52-week low of $110.66 and a 52-week high of $152.73. The company has a market cap of $51.61 billion, a PE ratio of 20.44, a P/E/G ratio of 3.52 and a beta of 0.49.

Kimberly Clark (NYSE:KMB) last announced its earnings results on Thursday, July 23rd. The company reported $2.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.40. The company had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.48 billion. Kimberly Clark had a net margin of 13.58% and a return on equity of 1,319.56%. Kimberly Clark’s revenue was up .4% compared to the same quarter last year. During the same period last year, the firm earned $1.67 earnings per share. On average, analysts forecast that Kimberly Clark Corp will post 7.69 earnings per share for the current fiscal year.

A number of brokerages have commented on KMB. Barclays restated a “buy” rating and issued a $143.00 target price on shares of Kimberly Clark in a research note on Tuesday, April 7th. Jefferies Financial Group upped their target price on shares of Kimberly Clark from $165.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Royal Bank of Canada restated a “hold” rating and issued a $149.00 target price on shares of Kimberly Clark in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. upped their target price on shares of Kimberly Clark from $151.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, TheStreet upgraded shares of Kimberly Clark from a “c+” rating to an “a-” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $150.10.

Institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Advisors LP boosted its stake in Kimberly Clark by 4.6% in the second quarter. First Trust Advisors LP now owns 376,086 shares of the company’s stock valued at $53,160,000 after acquiring an additional 16,399 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Kimberly Clark in the first quarter valued at approximately $1,099,000. Ellevest Inc. boosted its stake in Kimberly Clark by 8.3% in the first quarter. Ellevest Inc. now owns 1,802 shares of the company’s stock valued at $230,000 after acquiring an additional 138 shares in the last quarter. Kwmg LLC boosted its stake in Kimberly Clark by 7.1% in the second quarter. Kwmg LLC now owns 24,713 shares of the company’s stock valued at $3,493,000 after acquiring an additional 1,645 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Kimberly Clark by 17.1% in the second quarter. State of Alaska Department of Revenue now owns 115,722 shares of the company’s stock worth $16,356,000 after buying an additional 16,882 shares during the last quarter. Institutional investors own 71.05% of the company’s stock.

About Kimberly Clark

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

Further Reading: NASDAQ

Insider Buying and Selling by Quarter for Kimberly Clark (NYSE:KMB)

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