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

Kimberly-Clark Corporation (NASDAQ:KMB) insider Katy Chen sold 1,405 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $96.95, for a total value of $136,214.75. Following the completion of the transaction, 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 legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kimberly-Clark Stock Performance

NASDAQ:KMB traded down $1.50 during mid-day trading on Friday, reaching $96.93. The company’s stock had a trading volume of 1,998,173 shares, compared to its average volume of 5,529,750. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $144.30. The firm’s fifty day moving average price is $100.29 and its two-hundred day moving average price is $103.68. The company has a current ratio of 0.77, a quick ratio of 0.54 and a debt-to-equity ratio of 3.38. The stock has a market cap of $32.17 billion, a P/E ratio of 15.21, a PEG ratio of 3.72 and a beta of 0.28.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.05. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the firm earned $1.93 EPS. Kimberly-Clark’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts forecast that Kimberly-Clark Corporation will post 7.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Barclays reduced their target price on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Piper Sandler reduced their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Finally, Zacks Research lowered shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $114.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KMB. Cloud Capital Management LLC acquired a new position in shares of Kimberly-Clark during the 3rd quarter worth approximately $25,000. Godfrey Financial Associates Inc. bought a new position in Kimberly-Clark in the fourth quarter valued at approximately $25,000. True Wealth Design LLC increased its stake in Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Kimberly-Clark in the second quarter valued at approximately $27,000. Finally, CrossGen Wealth LLC bought a new position in Kimberly-Clark in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Company Profile

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.