Kimberly-Clark (NYSE:KMB) released its quarterly earnings results on Monday. The company reported $1.71 EPS for the quarter, hitting the consensus estimate of $1.71, Bloomberg Earnings reports. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.60 billion. Kimberly-Clark had a return on equity of 427.79% and a net margin of 12.48%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share. Kimberly-Clark updated its FY18 guidance to $6.90-7.20 EPS.
Shares of KMB stock opened at $102.60 on Monday. Kimberly-Clark has a 1-year low of $98.92 and a 1-year high of $134.29. The firm has a market cap of $35,081.15, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 1.92 and a beta of 0.66. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 7.34.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Friday, March 9th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Thursday, March 8th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $0.97. Kimberly-Clark’s dividend payout ratio is currently 64.21%.
In related news, insider Kimberly K. Underhill sold 23,158 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the transaction, the insider now owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.64% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. American International Group Inc. boosted its position in Kimberly-Clark by 2,507.7% during the fourth quarter. American International Group Inc. now owns 4,397,893 shares of the company’s stock worth $530,650,000 after purchasing an additional 4,229,240 shares in the last quarter. BlackRock Inc. increased its stake in Kimberly-Clark by 4.9% during the fourth quarter. BlackRock Inc. now owns 25,795,326 shares of the company’s stock worth $3,112,464,000 after acquiring an additional 1,212,672 shares during the last quarter. Two Sigma Advisers LP increased its stake in Kimberly-Clark by 94.1% during the fourth quarter. Two Sigma Advisers LP now owns 2,050,420 shares of the company’s stock worth $247,404,000 after acquiring an additional 993,961 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Kimberly-Clark during the fourth quarter worth about $117,456,000. Finally, Stifel Financial Corp increased its stake in Kimberly-Clark by 29,110.9% during the third quarter. Stifel Financial Corp now owns 778,470 shares of the company’s stock worth $91,647,000 after acquiring an additional 775,805 shares during the last quarter. 74.57% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have commented on the company. Barclays set a $119.00 price target on Kimberly-Clark and gave the stock a “hold” rating in a research report on Thursday, March 15th. Zacks Investment Research raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a report on Wednesday, April 11th. Citigroup set a $112.00 target price on Kimberly-Clark and gave the company a “sell” rating in a report on Wednesday, January 24th. Finally, Wells Fargo dropped their target price on Kimberly-Clark from $117.00 to $108.00 and set a “market perform” rating on the stock in a report on Thursday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Kimberly-Clark has a consensus rating of “Hold” and an average target price of $123.07.
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Kimberly-Clark Corp. is engaged in the manufacturing and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment manufactures and markets disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
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