Traders sold shares of Kimberly Clark Corp (NYSE:KMB) on strength during trading on Monday. $60.63 million flowed into the stock on the tick-up and $108.22 million flowed out of the stock on the tick-down, for a money net flow of $47.59 million out of the stock. Of all stocks tracked, Kimberly Clark had the 0th highest net out-flow for the day. Kimberly Clark traded up $1.12 for the day and closed at $113.06
Several analysts recently weighed in on KMB shares. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a report on Wednesday, January 10th. Deutsche Bank started coverage on Kimberly Clark in a report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price target for the company. Finally, Citigroup set a $112.00 price target on Kimberly Clark and gave the stock a “sell” rating in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $125.87.
The firm has a market cap of $39,650.85, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 2.04 and a beta of 0.69. The company has a debt-to-equity ratio of 7.34, a quick ratio of 0.58 and a current ratio of 0.89.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 annualized dividend and a yield of 3.54%. Kimberly Clark’s payout ratio is currently 62.40%.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of Kimberly Clark stock in a transaction on Monday, January 29th. The stock was sold at an average price of $119.77, for a total value of $2,773,633.66. Following the completion of the transaction, the insider now directly owns 31,141 shares of the company’s stock, valued at approximately $3,729,757.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Coldstream Capital Management Inc. raised its holdings in shares of Kimberly Clark by 0.3% during the 2nd quarter. Coldstream Capital Management Inc. now owns 1,597 shares of the company’s stock worth $206,000 after buying an additional 5 shares in the last quarter. PagnatoKarp Partners LLC grew its position in Kimberly Clark by 1.6% during the 2nd quarter. PagnatoKarp Partners LLC now owns 2,164 shares of the company’s stock worth $281,000 after acquiring an additional 34 shares during the last quarter. Hall Capital Management Co. Inc. grew its position in Kimberly Clark by 0.3% during the 2nd quarter. Hall Capital Management Co. Inc. now owns 16,140 shares of the company’s stock worth $2,084,000 after acquiring an additional 45 shares during the last quarter. Salem Investment Counselors Inc. grew its position in Kimberly Clark by 2.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 3,127 shares of the company’s stock worth $404,000 after acquiring an additional 77 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Kimberly Clark by 0.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 31,569 shares of the company’s stock worth $4,076,000 after acquiring an additional 81 shares during the last quarter. 74.57% of the stock is owned by institutional investors.
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.
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