Andrew Drexler Sells 3,000 Shares of Kimberly-Clark Co. (NYSE:KMB) Stock

Kimberly-Clark Co. (NYSE:KMB) VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Andrew Drexler also recently made the following trade(s):

• On Friday, November 22nd, Andrew Drexler sold 3,000 shares of Kimberly-Clark stock. The shares were sold at an average price of $139.01, for a total value of $417,030.00.

Kimberly-Clark Stock Performance

Kimberly-Clark stock traded up $1.39 during midday trading on Friday, reaching $138.42. The stock had a trading volume of 1,812,020 shares, compared to its average volume of 2,103,923. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The firm has a market capitalization of $46.16 billion, a PE ratio of 18.02, a P/E/G ratio of 2.85 and a beta of 0.40. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The firm’s 50-day moving average price is $138.82 and its 200 day moving average price is $139.11.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Kimberly-Clark’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.74 EPS. As a group, research analysts predict that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s payout ratio is presently 63.29%.

Analyst Ratings Changes

KMB has been the topic of a number of recent research reports. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Argus upgraded Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. Finally, UBS Group cut their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $149.93.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Lake Street Advisors Group LLC increased its position in shares of Kimberly-Clark by 9.5% during the 1st quarter. Lake Street Advisors Group LLC now owns 1,898 shares of the company’s stock valued at $248,000 after purchasing an additional 165 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of Kimberly-Clark in the 1st quarter worth approximately $27,000. Shell Asset Management Co. boosted its stake in shares of Kimberly-Clark by 136.9% in the 1st quarter. Shell Asset Management Co. now owns 5,210 shares of the company’s stock valued at $674,000 after purchasing an additional 3,011 shares in the last quarter. Freestone Capital Holdings LLC grew its holdings in shares of Kimberly-Clark by 33.2% during the 1st quarter. Freestone Capital Holdings LLC now owns 3,506 shares of the company’s stock valued at $454,000 after purchasing an additional 873 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in Kimberly-Clark by 5.2% during the 1st quarter. EP Wealth Advisors LLC now owns 16,430 shares of the company’s stock valued at $2,125,000 after buying an additional 813 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Company Profile

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.