Kimberly Clark (NYSE:KMB) released its quarterly earnings data on Monday. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.12, MarketWatch Earnings reports. The business had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kimberly Clark had a return on equity of 1,156.45% and a net margin of 7.63%. Kimberly Clark’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.71 earnings per share. Kimberly Clark updated its FY 2019 guidance to $6.50-6.70 EPS and its FY19 guidance to $6.50-6.70 EPS.
Shares of KMB opened at $125.62 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24. Kimberly Clark has a 12-month low of $97.10 and a 12-month high of $132.47. The firm has a market cap of $42.51 billion, a PE ratio of 19.00, a PEG ratio of 3.39 and a beta of 0.60.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Thursday, March 7th. This is a positive change from Kimberly Clark’s previous quarterly dividend of $1.00. Kimberly Clark’s dividend payout ratio is 62.33%.
In other news, insider Anthony J. Palmer sold 6,122 shares of the company’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $115.11, for a total transaction of $704,703.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.85% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Winslow Evans & Crocker Inc. increased its holdings in Kimberly Clark by 5.8% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,560 shares of the company’s stock valued at $194,000 after purchasing an additional 86 shares during the last quarter. Signature Wealth Management Group increased its holdings in Kimberly Clark by 0.3% in the fourth quarter. Signature Wealth Management Group now owns 28,005 shares of the company’s stock valued at $3,191,000 after purchasing an additional 88 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in Kimberly Clark by 4.5% in the fourth quarter. Rehmann Capital Advisory Group now owns 2,056 shares of the company’s stock valued at $234,000 after purchasing an additional 89 shares during the last quarter. Aspiriant LLC increased its holdings in Kimberly Clark by 4.9% in the fourth quarter. Aspiriant LLC now owns 1,952 shares of the company’s stock valued at $224,000 after purchasing an additional 92 shares during the last quarter. Finally, Sage Capital Advisors llc increased its holdings in Kimberly Clark by 0.4% in the fourth quarter. Sage Capital Advisors llc now owns 20,970 shares of the company’s stock valued at $2,389,000 after purchasing an additional 92 shares during the last quarter. 73.34% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on KMB shares. ValuEngine lowered Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research lowered Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. JPMorgan Chase & Co. raised Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 price objective on the stock in a research note on Friday, January 18th. Wells Fargo & Co reissued a “hold” rating and issued a $105.00 price objective on shares of Kimberly Clark in a research note on Wednesday, January 23rd. Finally, Morgan Stanley raised Kimberly Clark from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $107.00 to $113.00 in a research note on Thursday, January 24th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $119.50.
TRADEMARK VIOLATION NOTICE: “Kimberly Clark (KMB) Releases Earnings Results, Beats Expectations By $0.12 EPS” was first published by Highlight Press and is owned by of Highlight Press. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://highlightpress.com/2019/04/24/kimberly-clark-kmb-releases-earnings-results-beats-expectations-by-0-12-eps.html.
About Kimberly Clark
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.
Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.