Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kimberly-Clark Corporation shares valued at $5,840,943 were sold by Hsu Michael D. on May 12. At $140.08 per share, Hsu Michael D. sold 41,698 shares. The insider’s holdings dropped to 89,593 shares worth approximately $11.43 million following the completion of this transaction.
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Also, Wilkinson Tristram sold 2,069 shares, netting a total of over 283,801 in proceeds. Following the sale of shares at $137.17 each, the insider now holds 14,102 shares.
Before that, Cunningham Doug had sold 4,242 shares from its account. In a trade valued at $581,154, the President, EMEA traded Kimberly-Clark Corporation shares for $137.00 each. Upon closing the transaction, the insider’s holdings decreased to 4,242 shares, worth approximately $0.0.
As published in a research note from Bernstein on February 02, 2022, Kimberly-Clark Corporation [KMB] has been rated down from a Mkt perform to an Underperform and the price target has been revised to $126. This represents a -1.25% premium over Wednesday’s closing price. Analysts at Wells Fargo resumed the stock at ‘”an Equal weight”‘ outlook in a report released in late January. As of January 27, 2022, UBS has reiterated its “Neutral” rating for KMB. Earlier on January 27, 2022, RBC Capital Mkts resumed its rating. Their recommendation was “a Sector perform” for KMB stock.
Analyzing KMB’s Price Performance
On Wednesday, Kimberly-Clark Corporation [NYSE: KMB] rose 1.99% to $127.57. The stock’s lowest price that day was $124.6143, but it reached a high of $127.94 in the same session. During the last five days, there has been a surge of approximately 3.45%. Over the course of the year, Kimberly-Clark Corporation shares have dropped approximately -10.74%. Shares of the company reached a 52-week high of $145.79 on 01/10/22 and a 52-week low of $117.32 on 03/14/22. A 50-day SMA is recorded $132.23, while a 200-day SMA reached $133.03. Nevertheless, trading volume fell to 1.7 million shares from 1.91 million shares the previous day.
Support And Resistance Levels for Kimberly-Clark Corporation (KMB)
According to the 24-hour chart, there is a support level at 125.48, which, if violated, would cause prices to drop to 123.38. In the upper region, resistance lies at 128.80. The next price resistance is at 130.03. RSI (Relative Strength Index) is 46.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.47, which suggests the price will decrease in the coming days. Percent R is at 41.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Kimberly-Clark Corporation subject to short interest?
Stocks of Kimberly-Clark Corporation saw a sharp steep in short interest on Apr 28, 2022 dropping by -0.19 million shares to 8.63 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 8.82 million shares. A decline of -2.2% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.93 of the overall float, the days-to-cover ratio (short ratio) decline to 3.93.
Which companies own the most shares of Kimberly-Clark Corporation (KMB)?
According to The Vanguard Group, Inc. filings, the company currently owns 26,740,367 shares, which is about 7.94% of the total KMB shares outstanding. The investor’s shares have plunged by -1,506,808 from its previous 13-F filing of 28247175.0 shares. With the completion of the buy, BlackRock Fund Advisors’s stake is now worth $2,526,687,631. SSgA Funds Management, Inc. acquire a 1.09% interest valued at $2.4 billion while Capital Research & Management Co purchased a 1,056,127 stake. A total of -2,573,079 shares of Kimberly-Clark Corporation were bought by T. Rowe Price Associates, Inc. during the quarter, and -326,029 were sold by Massachusetts Financial Services. In its current portfolio, Wellington Management Co. LLP holds 6,898,019 shares valued at $917.57 million.
In terms of Kimberly-Clark Corporation share price expectations, FactSet research, analysts set an average price target of $131.89 in the next 12 months, up nearly 4.73% from the previous closing price of $125.08. Analysts anticipate Kimberly-Clark Corporation stock to reach $155.00 by 2022, with the lowest price target being $118.00. In spite of this, 18 analysts ranked Kimberly-Clark Corporation stock as a Hold at the end of 2022. On January 27, 2022, Citigroup assigned a price target of “a Sell” to the stock and reiterated coverage with a $119.