Kimberly Clark Corp (NYSE:KMB) – Stock analysts at Jefferies Financial Group dropped their Q4 2018 earnings per share estimates for Kimberly Clark in a research note issued on Monday, October 22nd. Jefferies Financial Group analyst K. Grundy now expects that the company will post earnings of $1.73 per share for the quarter, down from their prior estimate of $1.75. Jefferies Financial Group currently has a “Hold” rating and a $100.00 target price on the stock.
A number of other analysts have also recently issued reports on the company. Deutsche Bank upped their target price on Kimberly Clark from $103.00 to $108.00 and gave the company a “hold” rating in a research report on Thursday, August 16th. ValuEngine raised Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. JPMorgan Chase & Co. raised Kimberly Clark from an “underweight” rating to a “neutral” rating and decreased their target price for the company from $90.00 to $86.00 in a research report on Thursday, August 16th. Atlantic Securities initiated coverage on Kimberly Clark in a research report on Thursday, September 20th. They issued an “underweight” rating and a $114.00 target price for the company. Finally, Bank of America upped their target price on Kimberly Clark from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, September 6th. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. Kimberly Clark has a consensus rating of “Hold” and a consensus price target of $105.64.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Monday, October 22nd. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.07. The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.52 billion. Kimberly Clark had a return on equity of 535.49% and a net margin of 8.74%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.60 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $4.00 dividend on an annualized basis and a yield of 3.91%. Kimberly Clark’s payout ratio is 64.21%.
In other Kimberly Clark news, insider Anthony J. Palmer sold 6,445 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $117.34, for a total transaction of $756,256.30. Following the completion of the sale, the insider now directly owns 6,122 shares of the company’s stock, valued at approximately $718,355.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Exchange Capital Management Inc. lifted its position in Kimberly Clark by 800.0% during the 3rd quarter. Exchange Capital Management Inc. now owns 900 shares of the company’s stock worth $102,000 after acquiring an additional 800 shares during the period. Arlington Partners LLC acquired a new stake in Kimberly Clark during the 3rd quarter worth approximately $114,000. Braun Bostich & Associates Inc. lifted its position in Kimberly Clark by 1,426.9% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock worth $108,000 after acquiring an additional 956 shares during the period. Fort L.P. acquired a new stake in Kimberly Clark during the 2nd quarter worth approximately $125,000. Finally, Polaris Greystone Financial Group LLC lifted its position in Kimberly Clark by 698.7% during the 3rd quarter. Polaris Greystone Financial Group LLC now owns 1,246 shares of the company’s stock worth $142,000 after acquiring an additional 1,090 shares during the period. 73.96% of the stock is owned by institutional investors.
Kimberly Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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