Robert W. Decherd Buys 2,000 Shares of Kimberly-Clark (KMB) Stock

Kimberly-Clark (NYSE:KMB) Director Robert W. Decherd bought 2,000 shares of the company’s stock in a transaction dated Tuesday, April 24th. The stock was purchased at an average price of $100.05 per share, with a total value of $200,100.00. Following the completion of the transaction, the director now directly owns 45,444 shares in the company, valued at approximately $4,546,672.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kimberly-Clark traded down $0.10, reaching $104.80, during trading on Tuesday, MarketBeat Ratings reports. 1,455,700 shares of the company were exchanged, compared to its average volume of 2,509,417. The stock has a market cap of $36.64 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 2.12 and a beta of 0.66. Kimberly-Clark has a twelve month low of $102.66 and a twelve month high of $104.17. The company has a debt-to-equity ratio of 10.96, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Monday, April 23rd. The company reported $1.71 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.71. The business had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.60 billion. Kimberly-Clark had a net margin of 9.77% and a return on equity of 398.41%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.57 EPS. equities research analysts anticipate that Kimberly-Clark will post 6.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Friday, June 8th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Thursday, June 7th. Kimberly-Clark’s dividend payout ratio is 64.21%.

Hedge funds have recently added to or reduced their stakes in the stock. CNB Bank acquired a new position in Kimberly-Clark in the 4th quarter valued at approximately $105,000. Truewealth LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at approximately $123,000. Centerpoint Advisors LLC increased its position in Kimberly-Clark by 999.0% in the 1st quarter. Centerpoint Advisors LLC now owns 1,099 shares of the company’s stock valued at $121,000 after acquiring an additional 999 shares during the period. Shamrock Asset Management LLC increased its position in Kimberly-Clark by 220.5% in the 4th quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock valued at $134,000 after acquiring an additional 763 shares during the period. Finally, Lee Financial Co increased its position in Kimberly-Clark by 313.8% in the 1st quarter. Lee Financial Co now owns 1,167 shares of the company’s stock valued at $128,000 after acquiring an additional 885 shares during the period. Institutional investors and hedge funds own 75.96% of the company’s stock.

KMB has been the subject of several analyst reports. Zacks Investment Research cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Wells Fargo dropped their target price on shares of Kimberly-Clark from $117.00 to $108.00 and set a “market perform” rating for the company in a research report on Thursday, April 19th. Sanford C. Bernstein restated a “market perform” rating and issued a $110.00 target price (down from $115.00) on shares of Kimberly-Clark in a research report on Tuesday, April 24th. Citigroup set a $112.00 target price on shares of Kimberly-Clark and gave the company a “sell” rating in a research report on Wednesday, January 24th. Finally, JPMorgan Chase dropped their target price on shares of Kimberly-Clark from $104.00 to $86.00 and set an “underweight” rating for the company in a research report on Tuesday, April 24th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $119.33.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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