Kimberly-Clark Co. (NYSE:KMB) VP Sells $1,528,158.00 in Stock

Kimberly-Clark Co. (NYSE:KMB) VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the transaction, the vice president now owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. This represents a 58.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Andrew Drexler also recently made the following trade(s):

• On Friday, February 21st, Andrew Drexler sold 2,500 shares of Kimberly-Clark stock. The shares were sold at an average price of $140.00, for a total value of $350,000.00.

Kimberly-Clark Stock Down 0.8 %

KMB stock traded down $1.12 during trading on Tuesday, reaching $142.23. 1,412,513 shares of the company traded hands, compared to its average volume of 2,040,919. The business has a 50 day simple moving average of $131.55 and a 200 day simple moving average of $136.49. Kimberly-Clark Co. has a 12 month low of $122.98 and a 12 month high of $149.31. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a market capitalization of $47.18 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 4.46 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a $1.26 dividend. The ex-dividend date is Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a yield of 3.54%. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.

Wall Street Analysts Forecast Growth

KMB has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Barclays decreased their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company cut their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research report on Wednesday, January 8th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $143.64.

Institutional Investors Weigh In On Kimberly-Clark

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Kimberly-Clark by 15.1% during the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock worth $4,605,079,000 after purchasing an additional 4,603,787 shares during the last quarter. Norges Bank purchased a new stake in shares of Kimberly-Clark during the fourth quarter valued at $582,592,000. First Trust Advisors LP raised its stake in Kimberly-Clark by 163.1% in the 4th quarter. First Trust Advisors LP now owns 2,142,749 shares of the company’s stock worth $280,786,000 after acquiring an additional 1,328,341 shares during the last quarter. State Street Corp lifted its position in Kimberly-Clark by 5.9% during the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company’s stock worth $2,768,367,000 after acquiring an additional 1,083,824 shares during the period. Finally, Invesco Ltd. grew its stake in Kimberly-Clark by 21.9% during the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company’s stock valued at $740,868,000 after purchasing an additional 1,015,141 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

About Kimberly-Clark

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