Thomas Falk (Insider Trades), CEO and chairman of the board of Kimberly-Clark Corp. (KMB), sold 206,445 shares in the company on July 26. The price per share was $133.40 for a total transaction of $27,539,762.
Kimberly-Clark is a global personal care corporation that focuses on paper-based products for health, hygiene and well-being. The company has a market cap of $46.81 billion.
The number of Kimberly-Clark insider sells decreased each year from 2013 to 2015. There were 24 insider sells in 2013, 15 in 2014 and 14 the following year. On the other hand, the volume of insider sells decreased from 588,600 shares in 2013 to 196,178 shares in 2014. The volume of insider shares sold increased to 531,587 shares in 2015. This correlates to a drop in month-end price starting in the last two months of 2014 and extending through mid-2015. 
The two Kimberly-Clark insider buys also occurred in 2013 and 2015 when month-end price decreased. In addition to Falk, another Kimberly-Clark insider, Lizanne Gottung (Insider Trades), sold 6,204 shares in the company for $132.17 per share on July 26, 2015. Including the aforementioned transaction, Falk conducted five insider sells for a total of 799,986 shares sold since 2013. For more information about insider trades with Kimberly-Clark, click here.
The company reported sales of $4.588 billion in the second quarter of 2016, down 1% compared to the year-ago period. Net income increased from -$305 million to $566 million when comparing the same periods of time, and also diluted net income per share increased from -83 cents to $1.56. Falk stated that as of mid-2016, the company is “on track with [its] plans and are confirming [its] bottom-line earnings guidance for 2016.” On July 14, Kimberly-Clark announced a partnership called Power to the Period between its U by Kotex Brand and DoSomething.org. Power to the Period is a national period products donation drive that will provide period products to homeless shelters from July 14 to Sept. 30. Kimberly-Clark also announced the conclusion of its five-year sustainability program and introduced its new sustainability goals through the company’s 150th anniversary in 2022 on June 30. The company focused on five categories: social, forests and fiber, waste and recycle, energy and climate and the supply chain. The company will continue to focus on these five categories through 2022.
According to GuruFocus.com, Kimberly-Clark has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
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