Kimberly Clark Corp (KMB) was Reiterated by UBS to “Neutral” while Lowering the Price Target of the company shares to $ 134 from a previous price target of $143 . UBS advised their investors in a research report released on Apr 25, 2016.
On the company’s financial health, Kimberly Clark Corp reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $1.51. The company had revenue of $4476.00 million for the quarter, compared to analysts expectations of $4544.56 million. The company’s revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.42 EPS.
Kimberly Clark Corp closed down -4.87 points or -3.70% at $126.88 with 57,25,647 shares getting traded on Friday. Post opening the session at $125.52, the shares hit an intraday low of $123.78 and an intraday high of $127.24 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Feb 29, 2016, Thomas J. Mielke (SVP – General Counsel) sold 10,965 shares at $132.73 per share price. According to the SEC, on Feb 23, 2016, Anthony J. Palmer (Pres Global Brands & Inno) sold 6,524 shares at $130.93 per share price. On Feb 23, 2016, Lizanne C Gottung (SVP & Chief HR Officer) sold 4,337 shares at $132.01 per share price, according to the Form-4 filing with the securities and exchange commission.
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of products made from natural or synthetic fibers. The Company’s operating segments are based on product groupings. The Company operates in three segments which include Personal Care which offers solutions and products such as disposable diapers training and youth pants swimpants baby wipes feminine and incontinence care products and other related products; Consumer Tissue offers products such as facial and bathroom tissue paper towels napkins and related products and K-C Professional (KCP) offers solutions and supporting products such as apparel wipers soaps sanitizers tissue and towels. The Company’s brands include Huggies Pull-Ups Little Swimmers GoodNites DryNites Kotex U by Kotex Intimus Depend Plenitud Poise Kleenex Scott Cottonelle Viva Andrex Scottex Neve WypAll Kimtech and Jackson Safety among others.