Kimberly Clark Corp (NYSE:KMB) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 6,752,800 shares, a decline of 5.3% from the June 30th total of 7,131,000 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average daily volume of 1,570,000 shares, the short-interest ratio is currently 4.3 days.
KMB stock opened at $139.27 on Friday. The stock has a 50-day moving average price of $136.82 and a two-hundred day moving average price of $127.49. Kimberly Clark has a 12-month low of $100.32 and a 12-month high of $140.65. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 134.02. The company has a market cap of $47.98 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 3.73 and a beta of 0.56.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.03. Kimberly Clark had a return on equity of 27,094.12% and a net margin of 9.80%. The company had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. Equities analysts forecast that Kimberly Clark will post 6.8 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Thursday, September 5th. Kimberly Clark’s payout ratio is 62.33%.
KMB has been the subject of a number of research reports. Argus raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Tuesday, April 23rd. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a research report on Thursday, April 25th. Bank of America reissued a “neutral” rating and set a $143.00 price target (up previously from $135.00) on shares of Kimberly Clark in a research report on Wednesday, June 19th. Macquarie raised Kimberly Clark from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $102.00 to $142.00 in a research report on Tuesday, April 23rd. Finally, ValuEngine downgraded Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $129.67.
In other news, insider Aaron Powell sold 3,964 shares of Kimberly Clark stock in a transaction on Monday, July 29th. The stock was sold at an average price of $137.95, for a total value of $546,833.80. Following the completion of the sale, the insider now owns 5,780 shares of the company’s stock, valued at $797,351. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Achal Agarwal sold 8,947 shares of Kimberly Clark stock in a transaction on Friday, August 9th. The shares were sold at an average price of $139.50, for a total value of $1,248,106.50. Following the completion of the sale, the insider now directly owns 57,103 shares of the company’s stock, valued at approximately $7,965,868.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,433 shares of company stock valued at $6,599,379. Company insiders own 0.85% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its position in shares of Kimberly Clark by 2.2% in the second quarter. Daiwa Securities Group Inc. now owns 13,837 shares of the company’s stock worth $1,844,000 after buying an additional 300 shares during the period. Advisor Partners LLC boosted its position in shares of Kimberly Clark by 2.6% in the second quarter. Advisor Partners LLC now owns 12,634 shares of the company’s stock worth $1,684,000 after buying an additional 318 shares during the period. Cutter & CO Brokerage Inc. acquired a new position in shares of Kimberly Clark in the second quarter worth about $222,000. Blue Chip Partners Inc. lifted its stake in shares of Kimberly Clark by 8.9% in the first quarter. Blue Chip Partners Inc. now owns 81,204 shares of the company’s stock worth $10,061,000 after acquiring an additional 6,669 shares in the last quarter. Finally, Grove Bank & Trust lifted its stake in shares of Kimberly Clark by 4.3% in the second quarter. Grove Bank & Trust now owns 6,705 shares of the company’s stock worth $894,000 after acquiring an additional 279 shares in the last quarter. 71.62% of the stock is owned by institutional investors.
Kimberly Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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