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Kimberly-Clark (NYSE:KMB - Get Rating) announced its quarterly earnings results on Tuesday. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.06, Briefing.com reports. The company had revenue of $5.06 billion for the quarter, compared to analysts' expectations of $4.99 billion. Kimberly-Clark had a net margin of 8.86% and a return on equity of 253.93%. Kimberly-Clark's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.47 earnings per share. Kimberly-Clark updated its FY22 guidance to $5.60-6.00 EPS.Kimberly-Clark Price Performance
KMB stock opened at $133.42 on Tuesday. The stock has a market cap of $44.95 billion, a PE ratio of 25.71, a P/E/G ratio of 4.59 and a beta of 0.33. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 9.49. Kimberly-Clark has a 12 month low of $117.32 and a 12 month high of $145.79. The company has a 50-day moving average price of $131.51 and a 200 day moving average price of $131.66. Kimberly-Clark Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 5th. Stockholders of record on Friday, June 10th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $4.64 annualized dividend and a dividend yield of 3.48%. Kimberly-Clark's payout ratio is 89.40%. Insider Activity
In other news, insider Tristram Wilkinson sold 2,069 shares of the company's stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $137.17, for a total value of $283,804.73. Following the sale, the insider now directly owns 14,102 shares of the company's stock, valued at approximately $1,934,371.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Tristram Wilkinson sold 2,069 shares of the firm's stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $137.17, for a total value of $283,804.73. Following the sale, the insider now owns 14,102 shares of the company's stock, valued at $1,934,371.34. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Doug Cunningham sold 3,627 shares of Kimberly-Clark stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $138.00, for a total transaction of $500,526.00. Following the completion of the transaction, the insider now owns 4,242 shares in the company, valued at $585,396. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,394 shares of company stock worth $6,625,387. 0.55% of the stock is currently owned by corporate insiders. Institutional Investors Weigh In On Kimberly-Clark
Several institutional investors and hedge funds have recently made changes to their positions in KMB. Cowa LLC acquired a new stake in Kimberly-Clark in the 1st quarter valued at approximately $54,000. Fairfield Bush & CO. acquired a new stake in shares of Kimberly-Clark during the first quarter worth $96,000. Lumature Wealth Partners LLC grew its stake in Kimberly-Clark by 851.9% in the first quarter. Lumature Wealth Partners LLC now owns 1,980 shares of the company's stock valued at $244,000 after acquiring an additional 1,772 shares during the period. Fund Management at Engine No. 1 LLC acquired a new position in shares of Kimberly-Clark during the first quarter worth about $351,000. Finally, Merit Financial Group LLC raised its holdings in Kimberly-Clark by 23.9% during the first quarter. Merit Financial Group LLC now owns 4,102 shares of the company's stock worth $505,000 after acquiring an additional 791 shares in the last quarter. 74.32% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth
Several research firms recently weighed in on KMB. Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $128.00 to $135.00 and gave the company an "equal weight" rating in a research note on Monday, April 25th. UBS Group reduced their target price on shares of Kimberly-Clark to $136.00 in a research report on Friday. JPMorgan Chase & Co. lowered their target price on shares of Kimberly-Clark from $118.00 to $113.00 in a research note on Wednesday, March 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Kimberly-Clark from $130.00 to $138.00 in a report on Monday, April 25th. Finally, StockNews.com upgraded shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $130.71.About Kimberly-Clark (Get Rating)
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.Featured StoriesGet a free copy of the StockNews.com research report on Kimberly-Clark (KMB)Oil & Gas Stocks That Will Likely Outperform Despite Falling Crude PricesIs NIO’s Valuation a Bull Trap or a Screaming Buy?Is RPM International Shifting Into High Gear? MarketBeat Podcast Bear Market Tips For Active TradersPalantir Stock is Showing Signs of Life
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