Kimberly-Clark (NYSE:KMB) Shares Gap Up to $135.19

Kimberly-Clark Co. (NYSE:KMBGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $135.19, but opened at $138.81. Kimberly-Clark shares last traded at $139.29, with a volume of 1,568,545 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KMB shares. Barclays upped their price objective on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Evercore ISI upgraded shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $133.00 to $150.00 in a research note on Thursday, March 28th. Citigroup lifted their price objective on Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a report on Wednesday, April 24th. Piper Sandler increased their target price on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, HSBC lifted their price target on Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $141.31.

View Our Latest Analysis on Kimberly-Clark

Kimberly-Clark Stock Performance

The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The stock’s 50 day moving average is $132.58 and its 200 day moving average is $126.06. The stock has a market capitalization of $46.95 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 3.63 and a beta of 0.38.

Kimberly-Clark (NYSE:KMBGet Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. Kimberly-Clark’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 EPS. On average, analysts predict that Kimberly-Clark Co. will post 7.02 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insiders Place Their Bets

In related news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total value of $342,075.00. Following the completion of the sale, the vice president now directly owns 8,053 shares in the company, valued at $1,101,891.99. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Doug Cunningham sold 3,833 shares of Kimberly-Clark stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $136.82, for a total value of $524,431.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Andrew Drexler sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the sale, the vice president now directly owns 8,053 shares of the company’s stock, valued at approximately $1,101,891.99. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,395 shares of company stock valued at $3,332,776. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at $437,420,000. FMR LLC lifted its stake in shares of Kimberly-Clark by 74.9% during the third quarter. FMR LLC now owns 2,442,610 shares of the company’s stock worth $295,189,000 after purchasing an additional 1,046,155 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Kimberly-Clark by 19.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock valued at $762,279,000 after purchasing an additional 944,920 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Kimberly-Clark by 14.7% during the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after purchasing an additional 641,187 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Kimberly-Clark by 31.4% in the third quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock valued at $265,530,000 after purchasing an additional 524,632 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Company Profile

(Get Free Report)

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.

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