Traders Sell Shares of Kimberly Clark (KMB) on Strength (KMB)
Investors sold shares of Kimberly Clark Corp (NYSE:KMB) on strength during trading hours on Tuesday. $60.79 million flowed into the stock on the tick-up and $114.86 million flowed out of the stock on the tick-down, for a money net flow of $54.07 million out of the stock. Of all companies tracked, Kimberly Clark had the 0th highest net out-flow for the day. Kimberly Clark traded up $1.28 for the day and closed at $114.26
KMB has been the topic of several research analyst reports. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Royal Bank of Canada reissued a “hold” rating and set a $121.00 price objective on shares of Kimberly Clark in a research report on Friday, October 13th. JPMorgan Chase & Co. downgraded shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $115.55 to $100.00 in a research report on Friday, October 20th. Citigroup reissued a “hold” rating and set a $125.00 price objective (down from $131.00) on shares of Kimberly Clark in a research report on Tuesday, October 24th. Finally, Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $126.50.
The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. The firm has a market cap of $40,191.79, a PE ratio of 19.25, a PEG ratio of 2.80 and a beta of 0.75.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.06. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 earnings per share. analysts expect that Kimberly Clark Corp will post 6.2 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Thursday, December 7th. Kimberly Clark’s payout ratio is 64.03%.
Several large investors have recently modified their holdings of KMB. Capital Research Global Investors boosted its holdings in shares of Kimberly Clark by 46.6% in the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after acquiring an additional 3,191,549 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Kimberly Clark by 5,178.3% in the second quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock valued at $319,676,000 after acquiring an additional 2,429,085 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Kimberly Clark by 305.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock valued at $259,496,000 after acquiring an additional 1,514,722 shares in the last quarter. Stifel Financial Corp boosted 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 acquiring an additional 775,805 shares in the last quarter. Finally, APG Asset Management N.V. boosted its holdings in shares of Kimberly Clark by 35.9% in the third quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock valued at $322,672,000 after acquiring an additional 723,800 shares in the last quarter. 71.46% of the stock is currently owned by institutional investors and hedge funds.
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About Kimberly Clark
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.
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