Kimberly-Clark Co. Declares Quarterly Dividend of $1.16 (NYSE:KMB)

Kimberly-Clark Co. (NYSE:KMBGet Rating) announced a quarterly dividend on Wednesday, April 27th, RTT News reports. Shareholders of record on Friday, June 10th will be paid a dividend of 1.16 per share on Tuesday, July 5th. This represents a $4.64 annualized dividend and a yield of 3.30%.

Kimberly-Clark has raised its dividend payment by an average of 4.5% per year over the last three years and has raised its dividend every year for the last 51 years. Kimberly-Clark has a dividend payout ratio of 67.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kimberly-Clark to earn $6.68 per share next year, which means the company should continue to be able to cover its $4.64 annual dividend with an expected future payout ratio of 69.5%.

Shares of KMB stock opened at $140.48 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.49 and a debt-to-equity ratio of 11.05. Kimberly-Clark has a 1 year low of $117.32 and a 1 year high of $145.79. The firm’s fifty day moving average price is $126.56 and its two-hundred day moving average price is $132.82. The firm has a market capitalization of $47.33 billion, a P/E ratio of 27.07, a PEG ratio of 4.48 and a beta of 0.50.

Kimberly-Clark (NYSE:KMBGet Rating) last released its quarterly earnings data on Friday, April 22nd. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.12. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.92 billion. Kimberly-Clark had a net margin of 9.33% and a return on equity of 284.26%. Kimberly-Clark’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.80 EPS. As a group, equities research analysts forecast that Kimberly-Clark will post 5.73 EPS for the current fiscal year.

Several research analysts have recently weighed in on KMB shares. Morgan Stanley boosted their price objective on shares of Kimberly-Clark from $133.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Monday. BNP Paribas lowered shares of Kimberly-Clark from an “outperform” rating to a “neutral” rating and set a $148.00 price objective on the stock. in a research note on Tuesday, January 11th. UBS Group lifted their target price on shares of Kimberly-Clark from $128.00 to $140.00 in a report on Monday. Citigroup lifted their target price on shares of Kimberly-Clark from $113.00 to $119.00 and gave the stock a “sell” rating in a report on Thursday, January 27th. Finally, StockNews.com began coverage on shares of Kimberly-Clark in a report on Thursday, March 31st. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $132.69.

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 15,302 shares of the business’s stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $142.63, for a total value of $2,182,524.26. Following the completion of the sale, the insider now owns 27,626 shares of the company’s stock, valued at approximately $3,940,296.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

Several institutional investors have recently modified their holdings of KMB. OLD Mission Capital LLC bought a new stake in shares of Kimberly-Clark during the 3rd quarter worth approximately $5,671,000. Morgan Stanley lifted its holdings in shares of Kimberly-Clark by 23.4% during the 2nd quarter. Morgan Stanley now owns 3,816,069 shares of the company’s stock worth $510,514,000 after acquiring an additional 723,357 shares during the period. Keudell Morrison Wealth Management increased its position in Kimberly-Clark by 13.4% during the 3rd quarter. Keudell Morrison Wealth Management now owns 3,610 shares of the company’s stock worth $478,000 after purchasing an additional 426 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in Kimberly-Clark during the 4th quarter worth approximately $112,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Kimberly-Clark during the 4th quarter worth approximately $669,000. 72.17% of the stock is owned by institutional investors.

Kimberly-Clark Company Profile (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.

See Also

Dividend History for Kimberly-Clark (NYSE:KMB)

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