Kimberly-Clark Co. (NYSE:KMB) Insider Sells $866,420.10 in Stock

Kimberly-Clark Co. (NYSE:KMB - Get Free Report) insider Jeffrey P. Melucci sold 6,390 shares of Kimberly-Clark stock in a transaction on Monday, April 29th. The shares were sold at an average price of $135.59, for a total transaction of $866,420.10. Following the completion of the transaction, the insider now owns 33,649 shares in the company, valued at $4,562,467.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kimberly-Clark Price Performance

KMB traded up $0.69 on Monday, hitting $135.93. 2,147,859 shares of the company were exchanged, compared to its average volume of 2,230,626. 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 business's fifty day moving average is $125.86 and its 200 day moving average is $122.92. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $147.02. The firm has a market capitalization of $45.77 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 3.85 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the prior year, the firm earned $1.67 earnings per share. The company's revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KMB. Citigroup lifted their price objective on shares of Kimberly-Clark from $111.00 to $125.00 and gave the company a "sell" rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a "hold" rating in a research note on Thursday, March 28th. 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. Bank of America boosted their price target on shares of Kimberly-Clark from $110.00 to $115.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 24th. Finally, The Goldman Sachs Group boosted their price target on shares of Kimberly-Clark from $135.00 to $152.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $134.85.

Institutional Trading of Kimberly-Clark

Institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its holdings in shares of Kimberly-Clark by 204.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company's stock valued at $2,500,000 after purchasing an additional 13,806 shares in the last quarter. PFG Investments LLC lifted its stake in shares of Kimberly-Clark by 11.2% during the third quarter. PFG Investments LLC now owns 2,082 shares of the company's stock valued at $252,000 after buying an additional 209 shares during the period. Compagnie Lombard Odier SCmA purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $4,253,000. Rockline Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $1,661,000. Finally, Nordea Investment Management AB lifted its stake in shares of Kimberly-Clark by 28.3% during the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company's stock valued at $202,740,000 after buying an additional 368,505 shares during the period. Hedge funds and other institutional investors own 76.29% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.