Kimberly-Clark (NASDAQ:KMB) Insider Katy Chen Sells 1,405 Shares

Key Points

• Insider Katy Chen sold 1,405 shares at an average price of $96.95 for proceeds of $136,214.75 to cover tax withholding on vested equity awards, trimming her position by 17.77% to 6,502 shares (≈$630,369).
• Kimberly-Clark shares traded down about 1.5% to $96.93; the company recently beat quarterly estimates (EPS $1.97 vs. $1.92; revenue $4.16B vs. $4.09B, +2.7% YoY) while analysts' consensus rating is a Hold with a $114.93 price target.

Kimberly-Clark Corporation (NASDAQ:KMB - Get Free Report) insider Katy Chen sold 1,405 shares of the firm's stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $96.95, for a total transaction of $136,214.75. Following the sale, the insider directly owned 6,502 shares of the company's stock, valued at approximately $630,368.90. This trade represents a 17.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kimberly-Clark Trading Down 1.5%

Shares of KMB stock traded down $1.50 during trading hours on Friday, hitting $96.93. 1,998,173 shares of the company were exchanged, compared to its average volume of 5,529,750. The firm has a market cap of $32.17 billion, a P/E ratio of 15.21, a P/E/G ratio of 3.72 and a beta of 0.28. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $144.30. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.54 and a current ratio of 0.77. The company has a 50 day simple moving average of $100.29 and a two-hundred day simple moving average of $103.68.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.05. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the firm posted $1.93 EPS. Kimberly-Clark's revenue was up 2.7% compared to the same quarter last year. Equities analysts anticipate that Kimberly-Clark Corporation will post 7.47 EPS for the current year.

Institutional Investors Weigh In On Kimberly-Clark

A number of hedge funds have recently made changes to their positions in the business. Deseret Mutual Benefit Administrators boosted its stake in Kimberly-Clark by 3.5% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company's stock worth $321,000 after purchasing an additional 87 shares in the last quarter. Greatmark Investment Partners Inc. boosted its stake in Kimberly-Clark by 2.9% in the 4th quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company's stock worth $356,000 after purchasing an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Kimberly-Clark by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company's stock worth $3,834,000 after purchasing an additional 100 shares in the last quarter. New Mexico Educational Retirement Board raised its position in Kimberly-Clark by 0.7% in the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company's stock worth $1,523,000 after buying an additional 100 shares during the last quarter. Finally, NTV Asset Management LLC raised its position in Kimberly-Clark by 4.1% in the 3rd quarter. NTV Asset Management LLC now owns 2,640 shares of the company's stock worth $328,000 after buying an additional 103 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KMB shares. TD Cowen reduced their price target on shares of Kimberly-Clark from $112.00 to $105.00 and set a "hold" rating for the company in a research report on Thursday, January 8th. Weiss Ratings reissued a "hold (c-)" rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Piper Sandler reduced their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an "overweight" rating for the company in a research report on Friday, March 13th. Bank of America dropped their price objective on Kimberly-Clark from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, April 10th. Finally, UBS Group raised their price objective on Kimberly-Clark from $105.00 to $106.00 and gave the company a "neutral" rating in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $114.93.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

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