Insider Selling: Kimberly-Clark Co. (NYSE:KMB) VP Sells 2,500 Shares of Stock

Kimberly-Clark Co. (NYSE:KMB) VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the sale, the vice president now directly owns 8,053 shares in the company, valued at approximately $1,101,891.99. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kimberly-Clark Price Performance

KMB traded up $0.03 during midday trading on Thursday, hitting $136.50. The company had a trading volume of 1,686,719 shares, compared to its average volume of 2,222,388. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $147.02. The company has a market capitalization of $45.96 billion, a PE ratio of 25.09, a P/E/G ratio of 3.89 and a beta of 0.38. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The firm’s 50-day simple moving average is $126.88 and its 200-day simple moving average is $123.24.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same quarter last year, the business posted $1.67 earnings per share. Kimberly-Clark’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts predict that Kimberly-Clark Co. will post 7 EPS for the current fiscal year.

Hedge Funds Weigh In On Kimberly-Clark

Several large investors have recently made changes to their positions in KMB. Shoker Investment Counsel Inc. raised its stake in shares of Kimberly-Clark by 3.0% during the first quarter. Shoker Investment Counsel Inc. now owns 16,255 shares of the company’s stock worth $2,094,000 after buying an additional 477 shares during the last quarter. Wright Investors Service Inc. grew its holdings in Kimberly-Clark by 1.9% during the 1st quarter. Wright Investors Service Inc. now owns 13,727 shares of the company’s stock worth $1,776,000 after acquiring an additional 262 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Kimberly-Clark by 9.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 35,960 shares of the company’s stock valued at $4,651,000 after acquiring an additional 3,199 shares during the last quarter. Graypoint LLC lifted its stake in shares of Kimberly-Clark by 23.5% in the 1st quarter. Graypoint LLC now owns 3,567 shares of the company’s stock valued at $461,000 after purchasing an additional 679 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of Kimberly-Clark by 2.9% during the first quarter. Nordea Investment Management AB now owns 1,720,051 shares of the company’s stock worth $222,093,000 after purchasing an additional 48,103 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the topic of a number of analyst reports. Barclays upped their target price on shares of Kimberly-Clark from $132.00 to $136.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft increased their target price on Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Piper Sandler boosted their price target on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. upped their price target on Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research report on Wednesday, April 24th. Finally, Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $133.00 to $150.00 in a report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $134.85.

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.