Kimberly-Clark (NASDAQ:KMB) VP Sells $401,310.00 in Stock

Kimberly-Clark Corporation (NASDAQ:KMB) VP Andrew Scribner sold 4,095 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Thursday, February 5th, Andrew Scribner sold 3,049 shares of Kimberly-Clark stock. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21.

Kimberly-Clark Trading Down 1.3%

NASDAQ:KMB opened at $98.31 on Friday. The company’s 50-day simple moving average is $99.59 and its 200 day simple moving average is $103.00. The firm has a market capitalization of $32.63 billion, a P/E ratio of 15.43, a PEG ratio of 4.76 and a beta of 0.29. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $144.30. 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 (NASDAQ:KMB) last issued its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.04. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate 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 prior year, the firm posted $1.93 earnings per share. As a group, analysts forecast that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KMB. Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Citigroup dropped their price target on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, Bank of America dropped 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 research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $114.93.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB grew its position in Kimberly-Clark by 2.5% during the 3rd quarter. Nordea Investment Management AB now owns 2,439,692 shares of the company’s stock worth $301,448,000 after purchasing an additional 58,978 shares during the last quarter. Citigroup Inc. grew its position in Kimberly-Clark by 3.7% during the 3rd quarter. Citigroup Inc. now owns 399,630 shares of the company’s stock worth $49,690,000 after purchasing an additional 14,386 shares during the last quarter. Jain Global LLC purchased a new stake in Kimberly-Clark during the 3rd quarter worth approximately $11,973,000. AE Wealth Management LLC grew its position in Kimberly-Clark by 7.0% during the 3rd quarter. AE Wealth Management LLC now owns 160,531 shares of the company’s stock worth $19,960,000 after purchasing an additional 10,528 shares during the last quarter. Finally, Truist Financial Corp grew its position in Kimberly-Clark by 9.6% during the 3rd quarter. Truist Financial Corp now owns 158,417 shares of the company’s stock worth $19,698,000 after purchasing an additional 13,939 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Company Profile

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.