Kimberly-Clark (NYSE:KMB) Director Robert W. Decherd purchased 2,000 shares of the stock in a transaction dated Tuesday, April 24th. The shares were purchased at an average cost of $100.05 per share, for a total transaction of $200,100.00. Following the transaction, the director now owns 45,444 shares in the company, valued at approximately $4,546,672.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of KMB opened at $104.00 on Wednesday. The stock has a market cap of $36.61 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 2.12 and a beta of 0.66. Kimberly-Clark has a 1 year low of $102.66 and a 1 year high of $104.17. The company has a debt-to-equity ratio of 10.96, a quick ratio of 0.54 and a current ratio of 0.80.
Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Monday, April 23rd. The company reported $1.71 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.71. Kimberly-Clark had a net margin of 9.77% and a return on equity of 398.41%. The business had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the prior year, the company earned $1.57 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. analysts predict that Kimberly-Clark will post 6.94 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Friday, June 8th will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, June 7th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.85%. Kimberly-Clark’s payout ratio is 64.21%.
KMB has been the topic of several recent research reports. Zacks Investment Research cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Friday, April 13th. Barclays set a $119.00 price target on shares of Kimberly-Clark and gave the company a “hold” rating in a research report on Thursday, March 15th. Citigroup set a $112.00 price target on shares of Kimberly-Clark and gave the company a “sell” rating in a research report on Wednesday, January 24th. Wells Fargo lowered their price target on shares of Kimberly-Clark from $117.00 to $108.00 and set a “market perform” rating on the stock in a research report on Thursday, April 19th. Finally, JPMorgan Chase decreased their target price on shares of Kimberly-Clark from $104.00 to $86.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 24th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $119.33.
Several hedge funds have recently added to or reduced their stakes in KMB. American International Group Inc. increased its stake in shares of Kimberly-Clark by 2,507.7% during the fourth quarter. American International Group Inc. now owns 4,397,893 shares of the company’s stock worth $530,650,000 after buying an additional 4,229,240 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Kimberly-Clark by 311.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,444,035 shares of the company’s stock worth $269,160,000 after buying an additional 1,850,080 shares during the period. BlackRock Inc. increased its stake in shares of Kimberly-Clark by 4.9% during the fourth quarter. BlackRock Inc. now owns 25,795,326 shares of the company’s stock worth $3,112,464,000 after buying an additional 1,212,672 shares during the period. Two Sigma Advisers LP increased its stake in Kimberly-Clark by 94.1% in the fourth quarter. Two Sigma Advisers LP now owns 2,050,420 shares of the company’s stock valued at $247,404,000 after purchasing an additional 993,961 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in Kimberly-Clark in the fourth quarter valued at approximately $117,456,000. Hedge funds and other institutional investors own 75.96% of the company’s stock.
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.
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