Kimberly-Clark Corp. (NYSE:KMB) shares traded 3.41% higher at $140.51 on Wall Street last session.
KMB stock price is now 2.31% away from the 50-day moving average and 10.61% away from the 200-day moving average. The market capitalization of the company currently stands at $47.31B.
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With the price target of $161, TD Cowen recently initiated with Buy rating for Kimberly-Clark Corp. (NYSE: KMB). On June 24, 2024, Exane BNP Paribas recently initiated its ‘Neutral’ rating on the stock quoting a target price of $146, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Cunningham Doug, President, EMEA sold 3,833 shares of the company’s stock on May 10 ’24. The stock was sold for $524,441 at an average price of $136.82. Upon completion of the transaction, the President, EMEA now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 06 ’24, Chairman of the Board and CEO Hsu Michael D. sold 54,191 shares of the business’s stock. A total of $7,337,256 was realized by selling the stock at an average price of $135.40. This leaves the insider owning 179,059 shares of the company worth $25.16 million. A total of 0.17% of the company’s stock is owned by insiders.
During the past 12 months, Kimberly-Clark Corp. has had a low of $116.32 and a high of $145.62. As of last week, the company has a debt-to-equity ratio of 7.01, a current ratio of 0.85, and a quick ratio of 0.58. According to the stock market information, the enterprise value for the company is $54296391680, which is based on a 20.80 price-to-earnings ratio, a 2.95 price-to-earnings-growth ratio, and a beta of 0.39. The fifty day moving average price for KMB is $137.4208 and a two-hundred day moving average price translates $127.1416 for the stock.
The latest earnings results from Kimberly-Clark Corp. (NYSE: KMB) was released for 2024-06-30. The net profit margin was 11.28% and return on equity was 279.58% for KMB. The company reported revenue of $5.03 billion for the quarter, compared to $5.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.05 percent.
