Kimberly-Clark (NASDAQ:KMB) Insider Katy Chen Sells 1,596 Shares

Kimberly-Clark Corporation (NASDAQ:KMB) insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. The trade was a 16.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Katy Chen also recently made the following trade(s):

• On Thursday, April 30th, Katy Chen sold 1,405 shares of Kimberly-Clark stock. The shares were sold at an average price of $96.95, for a total transaction of $136,214.75.

Kimberly-Clark Stock Down 2.1%

Shares of KMB stock traded down $2.02 on Monday, hitting $95.65. The company’s stock had a trading volume of 4,363,530 shares, compared to its average volume of 5,555,544. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $144.30. The firm’s fifty day moving average price is $100.29 and its 200-day moving average price is $103.46. The stock has a market capitalization of $31.75 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 4.68 and a beta of 0.29.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.93 EPS. Research analysts anticipate that Kimberly-Clark Corporation will post 7.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KMB. TD Cowen cut their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Barclays cut 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 research report on Tuesday, April 14th. Piper Sandler cut their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Zacks Research lowered shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Bank of America cut their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $114.93.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Deseret Mutual Benefit Administrators raised its position in shares of Kimberly-Clark by 3.5% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock valued at $321,000 after buying an additional 87 shares during the last quarter. Greatmark Investment Partners Inc. raised its position in shares of Kimberly-Clark by 2.9% during the fourth quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock valued at $356,000 after buying an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Kimberly-Clark by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock valued at $3,834,000 after buying an additional 100 shares during the last quarter. New Mexico Educational Retirement Board raised its position in shares of Kimberly-Clark by 0.7% during the fourth quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after buying an additional 100 shares during the last quarter. Finally, NTV Asset Management LLC raised its position in shares of Kimberly-Clark by 4.1% during the third quarter. NTV Asset Management LLC now owns 2,640 shares of the company’s stock valued at $328,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

About Kimberly-Clark

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.