Kimberly-Clark Co. (NYSE:KMB - Free Report) - Equities research analysts at Zacks Research dropped their Q2 2024 earnings per share estimates for shares of Kimberly-Clark in a research note issued on Monday, May 13th. Zacks Research analyst R. Department now anticipates that the company will earn $1.63 per share for the quarter, down from their previous forecast of $1.64. The consensus estimate for Kimberly-Clark's current full-year earnings is $7.01 per share. Zacks Research also issued estimates for Kimberly-Clark's Q3 2024 earnings at $1.68 EPS, Q4 2024 earnings at $1.62 EPS, FY2024 earnings at $6.94 EPS, Q1 2025 earnings at $1.92 EPS, Q2 2025 earnings at $1.70 EPS, Q3 2025 earnings at $1.86 EPS, Q4 2025 earnings at $1.76 EPS, FY2025 earnings at $7.24 EPS, Q1 2026 earnings at $2.09 EPS and FY2026 earnings at $7.70 EPS.
Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The firm's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 EPS.
Other analysts also recently issued research reports about the company. The Goldman Sachs Group upped their price target on Kimberly-Clark from $135.00 to $152.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. Citigroup increased their target price on Kimberly-Clark from $111.00 to $125.00 and gave the company a "sell" rating in a research note on Wednesday, April 24th. Bank of America increased their target price on Kimberly-Clark from $110.00 to $115.00 and gave the company an "underperform" rating in a research note on Wednesday, April 24th. Barclays increased their target price on Kimberly-Clark from $132.00 to $136.00 and gave the company an "equal weight" rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $115.00 to $123.00 and gave the company an "underweight" rating in a report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of "Hold" and an average price target of $134.85.
Get Our Latest Stock Report on KMB
Kimberly-Clark Stock Down 0.9 %
Shares of Kimberly-Clark stock traded down $1.19 during midday trading on Tuesday, hitting $135.10. The company had a trading volume of 1,379,747 shares, compared to its average volume of 2,181,832. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The stock has a market capitalization of $45.49 billion, a P/E ratio of 24.85, a P/E/G ratio of 3.89 and a beta of 0.38. The company has a 50 day moving average of $129.21 and a 200 day moving average of $124.08. Kimberly-Clark has a 52-week low of $116.32 and a 52-week high of $145.29.
Institutional Trading of Kimberly-Clark
Several institutional investors have recently added to or reduced their stakes in the company. Capital World Investors lifted its stake in Kimberly-Clark by 17.8% in the first quarter. Capital World Investors now owns 2,269,492 shares of the company's stock worth $293,559,000 after purchasing an additional 342,790 shares during the last quarter. Capital International Inc. CA raised its stake in shares of Kimberly-Clark by 20.9% during the first quarter. Capital International Inc. CA now owns 8,326 shares of the company's stock valued at $1,077,000 after acquiring an additional 1,441 shares in the last quarter. Cadence Bank raised its stake in shares of Kimberly-Clark by 50.6% during the first quarter. Cadence Bank now owns 40,962 shares of the company's stock valued at $5,298,000 after acquiring an additional 13,757 shares in the last quarter. Rodgers Brothers Inc. raised its stake in shares of Kimberly-Clark by 7.7% during the first quarter. Rodgers Brothers Inc. now owns 68,491 shares of the company's stock valued at $8,859,000 after acquiring an additional 4,925 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of Kimberly-Clark by 25.0% during the first quarter. Advisors Asset Management Inc. now owns 36,083 shares of the company's stock valued at $4,667,000 after acquiring an additional 7,212 shares in the last quarter. Institutional investors own 76.29% of the company's stock.
Insider Activity
In related news, insider Jeffrey P. Melucci sold 6,390 shares of Kimberly-Clark stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $135.59, for a total value of $866,420.10. Following the completion of the transaction, the insider now owns 33,649 shares in the company, valued at $4,562,467.91. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 6,390 shares of the firm's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $135.59, for a total value of $866,420.10. Following the completion of the sale, the insider now owns 33,649 shares of the company's stock, valued at $4,562,467.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Paula Ramos sold 10,178 shares of the firm's stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the sale, the insider now directly owns 795 shares of the company's stock, valued at approximately $109,050.15. The disclosure for this sale can be found here. Insiders sold a total of 24,395 shares of company stock worth $3,332,776 over the last 90 days. Corporate insiders own 0.62% of the company's stock.
Kimberly-Clark Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.61%. Kimberly-Clark's payout ratio is 89.71%.
About Kimberly-Clark
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Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.
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