Kimberly Clark Corp (NYSE:KMB) Chief Supply Chain Officer Tamera Fenske recently engaged in transactions involving the company's stock, according to an SEC Form 4 filing. On April 26 and 29, Fenske sold a total of $97,057 worth of common stock at prices ranging from $135.36 to $135.38.
The transactions included the sale of 717 shares at an average price of $135.3662, reflecting a weighted average sale price after executing multiple trades within the provided price range. This sale was part of a series of transactions that occurred at the end of April, as reported in the filing.
In addition to the sales, Fenske also acquired 1,301 shares of Kimberly Clark common stock through the vesting of restricted share units (RSUs). These units vested and were paid out in shares of common stock, including additional units accrued based on dividends paid on the corporation's stock. However, this transaction was reported at a price of $0.00, as they were acquired through the vesting process and not through an open market purchase.
Another transaction on April 26 involved the automatic surrender of 584 shares valued at $135.24 per share, totaling $78,980, to satisfy tax withholding obligations upon the vesting of restricted share units. This indicates that the shares were not sold on the open market but were instead used to cover tax liabilities related to the vesting of RSUs.
Fenske's transactions reflect changes in her holdings of Kimberly Clark stock, which is a common practice among corporate executives. Following these transactions, the updated number of shares owned by Fenske was not specified in the provided SEC text.
Investors often watch insider transactions for insights into executive confidence in the company's prospects, although such sales and acquisitions can also be part of predetermined trading plans or for personal financial management reasons.
Kimberly Clark Corp, known for its personal care and consumer tissue products, is a major player in the converted paper products industry. The company's stock trades on the New York Stock Exchange under the ticker symbol KMB.
InvestingPro Insights
Amidst the recent insider transactions at Kimberly Clark Corp (NYSE:KMB), investors may find additional context through real-time data and insights from InvestingPro. As Chief Supply Chain Officer Tamera Fenske's stock activities draw attention, it is noteworthy that Kimberly Clark has exhibited a strong commitment to shareholder returns, having raised its dividend for 51 consecutive years. This consistent performance is a key highlight for investors looking for stable dividend-paying stocks.
Moreover, the company's financial health is underpinned by a track record of profitability, with analysts predicting Kimberly Clark will maintain profitability this year as well. The company's Price / Book multiple stands at a high 43.84, indicating that the market currently values the company above its book value, which may reflect investor confidence in Kimberly Clark's assets and brand value.
InvestingPro data further reveals a P/E Ratio (Adjusted) for the last twelve months as of Q1 2024 at 19.32, suggesting that investors are willing to pay $19.32 for every dollar of earnings, which is a decrease from the unadjusted P/E Ratio of 24.8. This could indicate that the market has adjusted its expectations based on the company's earnings projections. The company's market capitalization is valued at $45.73 billion USD, reflecting its significant presence in the market.
For those interested in a deeper analysis, InvestingPro offers additional insights and metrics for Kimberly Clark, which could be particularly useful given the current insider trading activity. To explore these further, visit https://www.investing.com/pro/KMB and consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. In total, there are 5 more InvestingPro Tips available for Kimberly Clark, offering a comprehensive view of the company's financial landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.