Kimberly-Clark Co. (NYSE:KMB) Insider Jeffrey P. Melucci Sells 6,390 Shares

Kimberly-Clark Co. (NYSE:KMB) insider Jeffrey P. Melucci sold 6,390 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $135.59, for a total value of $866,420.10. Following the sale, the insider now owns 33,649 shares in the company, valued at approximately $4,562,467.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kimberly-Clark Stock Down 0.0 %

KMB opened at $136.47 on Thursday. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $147.02. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. The stock has a market cap of $45.95 billion, a P/E ratio of 25.09, a P/E/G ratio of 3.87 and a beta of 0.40. The stock’s 50 day moving average price is $126.88 and its 200 day moving average price is $123.24.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the company posted $1.67 EPS. As a group, research analysts predict that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Wall Street Analyst Weigh In

KMB has been the topic of a number of research reports. Evercore ISI upgraded Kimberly-Clark from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $133.00 to $150.00 in a research report on Thursday, March 28th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 24th. Royal Bank of Canada increased their price target on Kimberly-Clark from $123.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 24th. Finally, Citigroup increased their price target on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $134.85.

Hedge Funds Weigh In On Kimberly-Clark

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockline Wealth Management LLC boosted its stake in Kimberly-Clark by 3.7% during the 1st quarter. Rockline Wealth Management LLC now owns 14,168 shares of the company’s stock valued at $1,833,000 after purchasing an additional 502 shares in the last quarter. Hussman Strategic Advisors Inc. boosted its stake in shares of Kimberly-Clark by 13.3% during the 1st quarter. Hussman Strategic Advisors Inc. now owns 35,700 shares of the company’s stock worth $4,618,000 after acquiring an additional 4,200 shares in the last quarter. Capital Investment Counsel Inc boosted its stake in shares of Kimberly-Clark by 0.8% during the 1st quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock worth $1,296,000 after acquiring an additional 75 shares in the last quarter. Connecticut Wealth Management LLC boosted its stake in shares of Kimberly-Clark by 4.6% during the 1st quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock worth $227,000 after acquiring an additional 77 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Kimberly-Clark by 3.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 303,499 shares of the company’s stock worth $39,258,000 after acquiring an additional 10,851 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Company Profile

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.