Katy Chen Sells 454 Shares of Kimberly-Clark Co. (NYSE:KMB) Stock

Kimberly-Clark Co. (NYSE:KMB - Get Free Report) insider Katy Chen sold 454 shares of the company's stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $135.24, for a total value of $61,398.96. Following the completion of the transaction, the insider now owns 520 shares of the company's stock, valued at $70,324.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Kimberly-Clark Trading Up 0.4 %

NYSE:KMB traded up $0.60 during midday trading on Tuesday, hitting $136.53. 2,873,717 shares of the company traded hands, compared to its average volume of 2,238,398. The firm's fifty day moving average is $126.22 and its 200-day moving average is $123.03. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $147.02. The firm has a market capitalization of $45.97 billion, a P/E ratio of 25.10, a P/E/G ratio of 3.85 and a beta of 0.40. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05.

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

Analysts Set New Price Targets

KMB has been the subject of several recent analyst reports. Barclays upped their price target on Kimberly-Clark from $132.00 to $136.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 25th. Royal Bank of Canada increased their target price on Kimberly-Clark from $123.00 to $126.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 24th. Piper Sandler increased their target price on Kimberly-Clark from $145.00 to $152.00 and gave the company an "overweight" rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. increased their target price 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, Deutsche Bank Aktiengesellschaft increased their target price on Kimberly-Clark from $127.00 to $132.00 and gave the company a "hold" rating in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $134.85.

Hedge Funds Weigh In On Kimberly-Clark

Institutional investors have recently made changes to their positions in the company. OFI Invest Asset Management purchased a new position in shares of Kimberly-Clark during the third quarter valued at $25,000. Rise Advisors LLC boosted its holdings in Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company's stock worth $25,000 after acquiring an additional 176 shares in the last quarter. Cranbrook Wealth Management LLC boosted its holdings in Kimberly-Clark by 90.9% in the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company's stock worth $26,000 after acquiring an additional 100 shares in the last quarter. Accordant Advisory Group Inc acquired a new stake in Kimberly-Clark in the first quarter worth about $27,000. Finally, Centerpoint Advisors LLC boosted its stake in shares of Kimberly-Clark by 175.0% in the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company's stock worth $33,000 after acquiring an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

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.

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