Kimberly-Clark Co. (NYSE:KMB) Insider Gonzalo Uribe Sells 1,780 Shares

Kimberly-Clark Co. (NYSE:KMB) insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares in the company, valued at $1,038,976.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Kimberly-Clark Trading Down 2.5 %

KMB traded down $3.53 during trading on Tuesday, hitting $137.32. 501,152 shares of the stock were exchanged, compared to its average volume of 2,162,370. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. The firm has a market cap of $46.25 billion, a price-to-earnings ratio of 25.89, a P/E/G ratio of 3.02 and a beta of 0.37. The firm has a 50 day simple moving average of $137.95 and a 200 day simple moving average of $130.40. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $145.62.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.25. The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.65 EPS. As a group, equities analysts expect that Kimberly-Clark Co. will post 7.21 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th were given a $1.22 dividend. The ex-dividend date was Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.55%. Kimberly-Clark’s payout ratio is 89.71%.

Institutional Trading of Kimberly-Clark

A number of institutional investors have recently made changes to their positions in the business. Rise Advisors LLC lifted its position in Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after acquiring an additional 176 shares during the period. New Millennium Group LLC acquired a new stake in Kimberly-Clark during the 2nd quarter worth about $28,000. Accordant Advisory Group Inc acquired a new stake in Kimberly-Clark during the 1st quarter worth about $27,000. Crewe Advisors LLC acquired a new stake in Kimberly-Clark during the 1st quarter worth about $27,000. Finally, Cranbrook Wealth Management LLC lifted its position in Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KMB shares. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a research report on Monday, July 22nd. Barclays decreased their price objective on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. TD Cowen started coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective on the stock. Finally, Citigroup upped their price objective on Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $145.67.

About Kimberly-Clark

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