Kimberly Clark exec sells over $250k in company stock By Investing.com

In a recent transaction on July 29, Gonzalo Uribe, President of Latin America at Kimberly Clark Corp (NYSE:), sold 1,780 shares of the company’s common stock. The shares were sold at a price of $140.84 each, totaling over $250,695.

The sale was reported in a regulatory filing with the Securities and Exchange Commission (SEC). Following the transaction, Uribe’s holdings in Kimberly Clark Corp decreased to 7,377 shares of common stock, indicating his continued investment in the company despite the sale.

Investors often monitor insider transactions as they can provide insights into the executives’ confidence in the company’s future prospects. Sales of stock by insiders can occur for various reasons, including personal financial planning, diversification, or other strategic purposes.

Kimberly Clark Corp, known for its production of paper-based products, has not made any official statements regarding the transaction. The details of the sale have been made public through the mandatory SEC filing, which provides transparency on the trading activities of the company’s insiders.

As the President of Latin America for Kimberly Clark, Uribe’s transactions are closely watched by market participants. The sale represents a significant amount of stock, yet it is essential to note that insider trading activity is a routine part of corporate operations and does not necessarily indicate a change in the company’s outlook.

Investors and analysts often review such filings to gain a better understanding of insider trading patterns and to complement their research on a company’s financial health and future performance. Kimberly Clark’s stock performance and market movements will continue to be observed for any potential impact resulting from insider trading activities.

In other recent news, Kimberly Clark has been the subject of positive assessments following its second quarter earnings report of 2024. The company managed to deliver robust earnings per share (EPS), marking the second consecutive quarter of positive volume growth. This performance comes despite challenges such as pulp inflation and significant retailer inventory destocking in the United States.

RBC Capital has maintained an Outperform rating for Kimberly Clark, with a price target of $165. The firm’s decision is based on the company’s effective execution of its new strategy and its ability to navigate through inflationary pressures. Furthermore, RBC Capital has raised its earnings estimate for the full year 2024 following the company’s increased EPS guidance.

Kimberly Clark also reported a positive outlook in its Q2 2024 earnings call, noting improvements in market share and financial performance, particularly in North America. The company plans to increase investments in the latter half of the year, with a strategy to offset cost inflation through pricing and innovation investment. However, the divestiture of the personal protective equipment segment is expected to impact profits by approximately 180 basis points in the latter half of the year. These are among the recent developments in the company.

InvestingPro Insights

As investors consider the implications of insider trading activities, such as the recent sale by Gonzalo Uribe, President of Latin America at Kimberly Clark Corp (NYSE:KMB), they can also look to key financial metrics and expert analysis for a broader understanding of the company’s position. According to InvestingPro data, Kimberly Clark Corp is currently trading at a P/E ratio of 20.84, which adjusts to 18.99 when considering the last twelve months as of Q2 2024. Despite a slight contraction in revenue growth of -0.32% over the same period, the company’s dividend yield stands at an attractive 3.46%.

Two notable InvestingPro Tips for Kimberly Clark include its track record of raising dividends for 51 consecutive years, underscoring a stable and shareholder-friendly policy. Additionally, analysts have predicted the company will remain profitable this year, which is reflected in its recent profitability over the last twelve months. However, it’s important to note that 12 analysts have revised their earnings expectations downwards for the upcoming period, suggesting potential headwinds or a conservative outlook on future earnings.

For those seeking additional insights, there are more InvestingPro Tips available that can further inform investment decisions. To access these tips and detailed metrics, investors can visit InvestingPro. Moreover, by using the coupon code PRONEWS24, investors can receive up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription, providing a valuable tool for those who wish to delve deeper into Kimberly Clark Corp’s financials and market prospects.

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