According to Zacks, “Estimates have been stable after Kimberly-Clark' second quarter earnings release. Kimberly-Clark posted better-than-expected results in the second quarter of 2016, wherein both earnings and revenues beat the Zacks Consensus Estimate. Overall, the company is improving its business in developing and emerging markets on the back of its personal care business and expects the trend to continue in the near term. Further, Kimberly-Clark expects higher cost savings and continued product innovation to drive growth. However, the company has recently shut down its operations in Venezuela due to economic crisis in the region; and is facing lawsuit related to the spin off of its health care business (now named as Halyard Health) in Oct 2014. These headwinds are expected to hurt investors confidence.”
A number of other research analysts have also recently issued reports on the company. Goldman Sachs Group Inc. reissued a buy rating and set a $154.00 price objective on shares of Kimberly-Clark Corp. in a report on Monday, September 12th. B. Riley reissued a neutral rating and set a $124.00 price objective on shares of Kimberly-Clark Corp. in a report on Sunday, July 31st. Citigroup Inc. lifted their price objective on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a neutral rating in a report on Wednesday, July 27th. Finally, Deutsche Bank AG reissued a hold rating and set a $132.00 price objective (up from $130.00) on shares of Kimberly-Clark Corp. in a report on Sunday, July 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Kimberly-Clark Corp. currently has a consensus rating of Hold and an average target price of $136.63.
Shares of Kimberly-Clark Corp. (NYSE:KMB) opened at 126.14 on Tuesday. The firm has a 50-day moving average of $126.32 and a 200-day moving average of $130.51. The firm has a market capitalization of $45.36 billion, a P/E ratio of 23.39 and a beta of 0.42. Kimberly-Clark Corp. has a one year low of $109.82 and a one year high of $138.87.
Kimberly-Clark Corp. (NYSE:KMB) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.05. The company earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the business earned $1.41 earnings per share. On average, equities analysts predict that Kimberly-Clark Corp. will post $6.08 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be given a $0.92 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $3.68 dividend on an annualized basis and a yield of 2.92%. Kimberly-Clark Corp.’s payout ratio is 68.40%.
In related news, insider Anthony J. Palmer sold 3,080 shares of Kimberly-Clark Corp. stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the insider now directly owns 5,995 shares in the company, valued at $779,350. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Thomas J. Falk sold 206,445 shares of Kimberly-Clark Corp. stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $133.40, for a total value of $27,539,763.00. Following the completion of the sale, the chairman now owns 125,574 shares of the company’s stock, valued at $16,751,571.60. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in KMB. Janus Capital Management LLC raised its stake in shares of Kimberly-Clark Corp. by 73.5% in the second quarter. Janus Capital Management LLC now owns 5,203,212 shares of the company’s stock worth $715,337,000 after buying an additional 2,204,022 shares during the last quarter. American Century Companies Inc. bought a new position in Kimberly-Clark Corp. during the second quarter valued at about $112,177,000. Vanguard Group Inc. raised its position in Kimberly-Clark Corp. by 2.8% in the second quarter. Vanguard Group Inc. now owns 25,395,093 shares of the company’s stock valued at $3,491,317,000 after buying an additional 695,252 shares during the last quarter. Bank of Montreal Can bought a new position in Kimberly-Clark Corp. during the second quarter valued at about $72,980,000. Finally, Emerald Acquisition Ltd. bought a new position in Kimberly-Clark Corp. during the second quarter valued at about $61,467,000. Hedge funds and other institutional investors own 68.37% of the company’s stock.
Kimberly-Clark Corp. 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 operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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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