Posted by admin on Jun 16th, 2022
Kimberly-Clark Co. (NYSE:KMB – Get Rating)’s share price shot up 0.6% on Thursday . The stock traded as high as $123.41 and last traded at $123.14. 13,394 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 2,007,867 shares. The stock had previously closed at $122.41.
A number of research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on Kimberly-Clark from $130.00 to $124.00 in a research report on Tuesday, March 29th. StockNews.com started coverage on shares of Kimberly-Clark in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Royal Bank of Canada lifted their price target on Kimberly-Clark from $122.00 to $124.00 and gave the company a “sector perform” rating in a report on Monday, April 25th. Morgan Stanley increased their target price on Kimberly-Clark from $133.00 to $137.00 and gave the stock an “equal weight” rating in a report on Monday, April 25th. Finally, Barclays dropped their price target on Kimberly-Clark from $129.00 to $124.00 and set an “equal weight” rating on the stock in a report on Monday, May 23rd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $132.60.
The company has a debt-to-equity ratio of 9.49, a current ratio of 0.81 and a quick ratio of 0.50. The business’s 50 day moving average is $132.56 and its 200 day moving average is $133.02. The stock has a market cap of $40.89 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 4.39 and a beta of 0.37.
Kimberly-Clark (NYSE:KMB – Get Rating) last issued its quarterly earnings data on Friday, April 22nd. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.12. Kimberly-Clark had a net margin of 8.86% and a return on equity of 253.93%. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same period last year, the firm posted $1.80 EPS. Kimberly-Clark’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, analysts forecast that Kimberly-Clark Co. will post 5.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 5th. Investors of record on Friday, June 10th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, June 9th. Kimberly-Clark’s dividend payout ratio (DPR) is 89.40%.
In other news, insider Doug Cunningham sold 3,627 shares of the stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $138.00, for a total value of $500,526.00. Following the sale, the insider now owns 4,242 shares in the company, valued at $585,396. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tristram Wilkinson sold 2,069 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $137.17, for a total transaction of $283,804.73. Following the completion of the transaction, the insider now owns 14,102 shares of the company’s stock, valued at approximately $1,934,371.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,696 shares of company stock worth $8,807,911. 0.55% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in KMB. Cowa LLC acquired a new position in Kimberly-Clark during the 1st quarter worth approximately $54,000. Capital Research Global Investors lifted its position in shares of Kimberly-Clark by 56.7% during the 4th quarter. Capital Research Global Investors now owns 11,172,139 shares of the company’s stock valued at $1,596,722,000 after buying an additional 4,043,708 shares during the last quarter. Norges Bank bought a new position in shares of Kimberly-Clark during the 4th quarter valued at about $473,552,000. Wellington Management Group LLP boosted its holdings in Kimberly-Clark by 46.2% during the 3rd quarter. Wellington Management Group LLP now owns 7,482,870 shares of the company’s stock valued at $991,030,000 after acquiring an additional 2,363,092 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Kimberly-Clark by 5.7% in the 1st quarter. BlackRock Inc. now owns 27,386,495 shares of the company’s stock valued at $3,372,921,000 after purchasing an additional 1,481,780 shares during the period. Hedge funds and other institutional investors own 74.32% of the company’s stock.
Kimberly-Clark Company Profile (NYSE:KMB)
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.
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