Kimberly-Clark Corporation (KMB) Releases Quarterly Earnings Results, Meets Expectations
Kimberly-Clark Corporation (NYSE:KMB) posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the consensus estimate of $1.49, Morningstar.com reports. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter last year, the company earned $1.53 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year.
Kimberly-Clark Corporation (NYSE KMB) traded down 0.73% during midday trading on Friday, hitting $121.39. The stock had a trading volume of 1,085,911 shares. The firm has a 50-day moving average of $123.72 and a 200-day moving average of $128.52. The company has a market cap of $42.89 billion, a PE ratio of 20.27 and a beta of 0.76. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is 64.88%.
Several research analysts have recently commented on the company. B. Riley reaffirmed a “neutral” rating and issued a $128.00 price objective on shares of Kimberly-Clark Corporation in a research note on Sunday, April 23rd. BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. Citigroup Inc. set a $132.00 target price on Kimberly-Clark Corporation and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Finally, UBS AG reiterated a “neutral” rating and set a $119.00 target price (down previously from $120.00) on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $133.07.
In related news, insider Sergio Cruz sold 7,078 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total value of $920,210.78. Following the completion of the transaction, the insider now directly owns 4,910 shares in the company, valued at $638,349.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert W. Decherd acquired 1,500 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of $122.21 per share, with a total value of $183,315.00. Following the completion of the transaction, the director now directly owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Tortoise Investment Management LLC raised its position in shares of Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after buying an additional 34 shares during the last quarter. Acrospire Investment Management LLC boosted its position in Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after buying an additional 500 shares during the period. Armbruster Capital Management Inc. boosted its position in Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after buying an additional 250 shares during the period. Heritage Trust Co purchased a new position in Kimberly-Clark Corporation during the first quarter worth approximately $118,000. Finally, V Wealth Management LLC purchased a new position in Kimberly-Clark Corporation during the second quarter worth approximately $123,000. Institutional investors own 70.15% of the company’s stock.
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Kimberly-Clark Corporation Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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