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.”
Several other research analysts have also weighed in on KMB. Goldman Sachs Group Inc. reaffirmed a buy rating and issued a $154.00 target price on shares of Kimberly-Clark Corp. in a research report on Monday, September 12th. B. Riley reaffirmed a neutral rating and issued a $124.00 target price on shares of Kimberly-Clark Corp. in a research report on Sunday, July 31st. Citigroup Inc. upped their target price on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a neutral rating in a research report on Wednesday, July 27th. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a $132.00 target price (up from $130.00) on shares of Kimberly-Clark Corp. in a research report on Sunday, July 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $136.63.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 0.036% during trading on Tuesday, hitting $125.645. The company’s stock had a trading volume of 271,342 shares. Kimberly-Clark Corp. has a 1-year low of $107.79 and a 1-year high of $138.87. The company has a market capitalization of $45.19 billion, a P/E ratio of 23.298 and a beta of 0.35. The firm’s 50 day moving average is $126.65 and its 200-day moving average is $130.63.
Kimberly-Clark Corp. (NYSE:KMB) last posted its quarterly earnings results on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.05. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. Kimberly-Clark Corp.’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 earnings per share. Analysts forecast that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $3.68 annualized dividend and a yield of 2.93%. Kimberly-Clark Corp.’s payout ratio is 68.40%.
In related news, Chairman Thomas J. Falk sold 206,445 shares of the stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $133.40, for a total transaction of $27,539,763.00. Following the completion of the sale, the chairman now owns 125,574 shares in the company, valued at approximately $16,751,571.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Lizanne C. Gottung sold 6,204 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $132.17, for a total value of $819,982.68. Following the sale, the senior vice president now owns 11,797 shares of the company’s stock, valued at approximately $1,559,209.49. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. James Investment Research Inc. increased its stake in shares of Kimberly-Clark Corp. by 3.6% in the second quarter. James Investment Research Inc. now owns 829 shares of the company’s stock valued at $114,000 after buying an additional 29 shares during the last quarter. Tortoise Investment Management LLC increased its stake in shares of Kimberly-Clark Corp. by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 842 shares of the company’s stock valued at $116,000 after buying an additional 42 shares during the last quarter. Hanson & Doremus Investment Management increased its stake in shares of Kimberly-Clark Corp. by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 1,145 shares of the company’s stock valued at $157,000 after buying an additional 10 shares during the last quarter. RPg Family Wealth Advisory LLC increased its stake in shares of Kimberly-Clark Corp. by 21.0% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,210 shares of the company’s stock worth $163,000 after buying an additional 210 shares in the last quarter. Finally, Cribstone Capital Management LLC purchased a new stake in shares of Kimberly-Clark Corp. during the second quarter worth approximately $169,000. 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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