Investors Buy Kimberly Clark (KMB) on Weakness

Traders purchased shares of Kimberly Clark Corp (NYSE:KMB) on weakness during trading on Monday. $61.28 million flowed into the stock on the tick-up and $36.82 million flowed out of the stock on the tick-down, for a money net flow of $24.46 million into the stock. Of all companies tracked, Kimberly Clark had the 18th highest net in-flow for the day. Kimberly Clark traded down ($0.24) for the day and closed at $108.36

Several brokerages have weighed in on KMB. Barclays set a $119.00 target price on Kimberly Clark and gave the stock a “hold” rating in a report on Thursday, March 15th. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Tuesday, April 3rd. Deutsche Bank began coverage on Kimberly Clark in a report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 target price for the company. Finally, Citigroup set a $112.00 target price on Kimberly Clark and gave the stock a “sell” rating in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $124.56.

How to Become a New Pot Stock Millionaire

The company has a debt-to-equity ratio of 7.34, a current ratio of 0.89 and a quick ratio of 0.58. The company has a market capitalization of $38,086.70, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.96 and a beta of 0.66.

Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. The firm had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 EPS. analysts forecast that Kimberly Clark Corp will post 7 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Friday, March 9th were paid a dividend of $1.00 per share. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Thursday, March 8th. Kimberly Clark’s dividend payout ratio is 64.21%.

In related news, insider Kimberly K. Underhill sold 23,158 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the sale, the insider now directly owns 31,141 shares in the company, valued at approximately $3,729,757.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.64% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. American International Group Inc. raised its stake in Kimberly Clark by 2,507.7% in the fourth quarter. American International Group Inc. now owns 4,397,893 shares of the company’s stock valued at $530,650,000 after buying an additional 4,229,240 shares during the last quarter. BlackRock Inc. raised its stake in Kimberly Clark by 4.9% in the fourth quarter. BlackRock Inc. now owns 25,795,326 shares of the company’s stock valued at $3,112,464,000 after buying an additional 1,212,672 shares during the last quarter. Two Sigma Advisers LP raised its stake in Kimberly Clark by 94.1% in the fourth quarter. Two Sigma Advisers LP now owns 2,050,420 shares of the company’s stock valued at $247,404,000 after buying an additional 993,961 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Kimberly Clark in the fourth quarter valued at about $117,456,000. Finally, Stifel Financial Corp increased its holdings in shares of Kimberly Clark by 29,110.9% in the third quarter. Stifel Financial Corp now owns 778,470 shares of the company’s stock valued at $91,647,000 after purchasing an additional 775,805 shares during the period. Hedge funds and other institutional investors own 74.52% of the company’s stock.

WARNING: This news story was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://weekherald.com/2018/04/11/investors-buy-kimberly-clark-kmb-on-weakness.html.

Kimberly Clark Company Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply